Mobix Labs (NASDAQ:MOBX) Shares Up 3.2% – What’s Next?

Mobix Labs, Inc. (NASDAQ:MOBX) shares shot up 3.2% on Tuesday . The company traded as high as $0.81 and last traded at $0.79. 212,883 shares were traded during mid-day trading, a decline of 60% from the average session volume of 532,074 shares. The stock had previously closed at $0.77.

Mobix Labs Price Performance

The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.09 and a current ratio of 0.13. The company has a 50-day simple moving average of $0.73 and a 200-day simple moving average of $1.03. The company has a market cap of $42.10 million, a price-to-earnings ratio of -0.67 and a beta of -0.11.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.06) EPS for the quarter. Mobix Labs had a negative net margin of 386.70% and a negative return on equity of 1,454.69%. The business had revenue of $2.51 million during the quarter.

Institutional Investors Weigh In On Mobix Labs

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC grew its stake in shares of Mobix Labs by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares during the period. Jane Street Group LLC purchased a new stake in Mobix Labs during the fourth quarter worth about $93,000. Citadel Advisors LLC acquired a new position in Mobix Labs during the fourth quarter worth about $104,000. Geode Capital Management LLC increased its holdings in Mobix Labs by 17.5% in the fourth quarter. Geode Capital Management LLC now owns 236,906 shares of the company’s stock valued at $403,000 after buying an additional 35,328 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors increased its holdings in Mobix Labs by 2,528.7% in the first quarter. Vanguard Capital Wealth Advisors now owns 788,620 shares of the company’s stock valued at $704,000 after buying an additional 758,620 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

About Mobix Labs

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.