Mobix Labs Stock Jumps After Anti-Drone Smart Munitions Program Win

Mobix Labs, Inc. (NASDAQ: MOBX) shares rose 26.13% to 58 cents after the company was selected for a smart munitions feasibility program focused on anti-drone applications by a major munitions manufacturer. This marks Mobix's entry into the smart munitions category, potentially leading to further opportunities. Despite the recent increase, the stock is down 38.47% over the past year and is currently trading 6.7% above its 20-day simple moving average (SMA) and 27.2% above its 100-day SMA.