Mobix Labs (NASDAQ:MOBX) CTO Sells $16,735.72 in Stock

Mobix Labs, Inc. (NASDAQ:MOBX) CTO James Aralis sold 18,191 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $0.92, for a total value of $16,735.72. Following the sale, the chief technology officer directly owned 88,332 shares of the company’s stock, valued at $81,265.44. This trade represents a 17.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

James Aralis also recently made the following trade(s):

• On Friday, November 21st, James Aralis sold 22,470 shares of Mobix Labs stock. The shares were sold at an average price of $0.41, for a total value of $9,212.70.

Mobix Labs Stock Down 2.3%

NASDAQ:MOBX traded down $0.01 during mid-day trading on Friday, reaching $0.46. The stock had a trading volume of 390,063 shares, compared to its average volume of 1,706,168. The stock has a market cap of $28.13 million, a P/E ratio of -0.42 and a beta of -0.14. The business’s 50 day moving average is $0.73 and its 200 day moving average is $0.81. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.14 and a quick ratio of 0.09. Mobix Labs, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $2.47.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MOBX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Mobix Labs to a “strong sell” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mobix Labs presently has an average rating of “Sell”.

Institutional Trading of Mobix Labs

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd boosted its holdings 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 worth $30,000 after buying an additional 12,443 shares during the period. Beacon Pointe Advisors LLC raised its holdings in Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock worth $83,000 after acquiring an additional 87,738 shares during the period. Vanguard Capital Wealth Advisors lifted its position in Mobix Labs by 20.6% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock worth $728,000 after acquiring an additional 162,361 shares during the last quarter. Focus Partners Wealth boosted its holdings in Mobix Labs by 64.3% during the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after acquiring an additional 642,857 shares during the period. Finally, Armistice Capital LLC acquired a new stake in shares of Mobix Labs in the second quarter valued at about $3,272,000. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Mobix Labs Company Profile

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.