Mobix Labs (NASDAQ:MOBX) Shares Down 6.2% – Should You Sell?

Mobix Labs, Inc. (NASDAQ:MOBX) shares dropped 6.2% during trading on Thursday . The stock traded as low as $0.58 and last traded at $0.58. Approximately 214,462 shares traded hands during trading, an increase of 1% from the average daily volume of 212,149 shares. The stock had previously closed at $0.62.

Mobix Labs Price Performance

The company has a 50-day moving average price of $0.83 and a two-hundred day moving average price of $1.36.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Mobix Labs by 29.8% in the 3rd quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock worth $214,000 after acquiring an additional 46,237 shares in the last quarter. Wedbush Securities Inc. bought a new position in shares of Mobix Labs in the 2nd quarter worth about $62,000. Finally, Connective Capital Management LLC bought a new position in shares of Mobix Labs in the 1st quarter worth about $45,000. 8.56% of the stock is 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.