Should You Sell Mobix Labs Inc (MOBX) And Go Away This Year?

Mobix Labs Inc (NASDAQ:MOBX) currently has a daily average trading volume of 235.17K but it saw 2925279 shares traded in last market. With a market cap of 53.82M USD, the company’s current market price of $1.23 came rising about 43.06 while comparing to the previous closing price of $0.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.50 and as low as $0.55. In the recent trading on the day, stock has struck highest price mark of $0.83 while lowest mark touched by it was $1.299.

Taking a look at 20-day trading activity of Mobix Labs Inc (MOBX) gives us an average price of $0.7084, while its current price level is -90.16% below from 52-week high level whereas it is 123.23% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8230 while that of 200 days or SMA-200 reads an average of $1.6025. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.70% during that period while stretching the period over a month that decreases to 16.67%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 77.66 which implies that the stock is in overbought territory.

Over the week, MOBX’s stock price is moving 98.84% up while it is 61.84% when we observe its performance for the past one month. Year-to-date it is -69.40% down and over the past year, the stock is showing a downside performance of -89.16%.

Currently, Mobix Labs Inc’s total number of outstanding shares is 30.59M. Company’s return on investment (ROI) stands at -19.93% and return on equity (ROE) at -27.33%. Stock’s beta reads -0.75. Stock has a price to book (P/B) ratio of 4.41. Its return on asset (ROA) is -20.91% on average.