Mobix Labs (NASDAQ:MOBX) Releases Earnings Results

Mobix Labs (NASDAQ:MOBX) issued its earnings results on Wednesday. The company reported ($0.59) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.97 million during the quarter. Mobix Labs had a negative net margin of 361.77% and a negative return on equity of 2,521.80%.

Mobix Labs Price Performance

Shares of NASDAQ:MOBX opened at $1.90 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.11 and a debt-to-equity ratio of 0.41. Mobix Labs has a fifty-two week low of $1.31 and a fifty-two week high of $14.40. The firm has a 50-day simple moving average of $3.33 and a 200 day simple moving average of $3.71. The company has a market cap of $19.59 million, a PE ratio of -0.28 and a beta of -0.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MOBX shares. Wall Street Zen upgraded shares of Mobix Labs to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Mobix Labs

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd grew its position in shares of Mobix Labs by 47.4% during the 2nd quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock valued at $30,000 after buying an additional 12,443 shares during the last quarter. Virtu Financial LLC grew its position in shares of Mobix Labs by 247.8% during the 4th quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock valued at $25,000 after buying an additional 66,982 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Mobix Labs during the 4th quarter valued at about $27,000. Mariner LLC grew its position in shares of Mobix Labs by 103.5% during the 4th quarter. Mariner LLC now owns 135,453 shares of the company’s stock valued at $36,000 after buying an additional 68,879 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Mobix Labs by 17.3% during the 4th quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock valued at $114,000 after buying an additional 62,715 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

Mobix Labs Company Profile

Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.

Mobix Labs offers a suite of products designed to support the full spectrum of device management.