Weiss Ratings Reiterates "Sell (E+)" Rating for Mobix Labs (NASDAQ:MOBX)

Key Points

• Weiss Ratings has reaffirmed a "sell (E+)" rating for Mobix Labs (NASDAQ:MOBX), indicating ongoing concerns about the company's performance.
• The stock recently fell by 9.3%, opening at $0.92, with a market capitalization of approximately $50.14 million.
• Several institutional investors have increased their stakes in Mobix Labs, with Beacon Pointe Advisors boosting their holdings by 432.7% during the second quarter.

Mobix Labs (NASDAQ:MOBX - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Mobix Labs to a "strong sell" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Mobix Labs Stock Down 9.3%

MOBX opened at $0.92 on Wednesday. The company has a market capitalization of $50.14 million, a PE ratio of -0.83 and a beta of -0.12. The firm has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $0.84. The company has a quick ratio of 0.09, a current ratio of 0.14 and a debt-to-equity ratio of 3.25. Mobix Labs has a 52 week low of $0.55 and a 52 week high of $2.47.

Mobix Labs (NASDAQ:MOBX - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported ($0.17) EPS for the quarter. Mobix Labs had a negative return on equity of 5,149.05% and a negative net margin of 381.82%.The firm had revenue of $2.35 million during the quarter.

Institutional Trading of Mobix Labs

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd lifted its stake in Mobix Labs by 47.4% in the second quarter. XTX Topco Ltd now owns 38,671 shares of the company's stock worth $30,000 after acquiring an additional 12,443 shares during the period. Beacon Pointe Advisors LLC lifted its position in shares of 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 purchasing an additional 87,738 shares during the period. Vanguard Capital Wealth Advisors lifted its position in shares of Mobix Labs by 20.6% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company's stock worth $728,000 after purchasing an additional 162,361 shares during the period. Focus Partners Wealth boosted its stake in shares of 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 purchasing an additional 642,857 shares in the last quarter. Finally, Armistice Capital LLC purchased a new position in Mobix Labs during the second quarter valued at approximately $3,272,000. 8.56% of the stock is currently owned by institutional investors.

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.

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