10 Best Semiconductor Penny Stocks To Invest In Right Now

7. Mobix Labs, Inc. (NASDAQ:MOBX)

Number of Hedge Fund Holders In Q3 2024: 6

Mobix Labs, Inc. (NASDAQ:MOBX) is a California-based firm that sells communications products such as optical cables and 5G chips. Additionally, it is one of the fresh companies that went public through a special purpose acquisition company (SPAC). Mobix Labs, Inc. (NASDAQ:MOBX) completed its merger with Chavant in December, and throughout 2024, the firm has been selling its stock in private placements. This has led to a dilution of its equity, and Mobix Labs, Inc. (NASDAQ:MOBX)’s shares are down 73% year-to-date. On the financial front, its small size has enabled the company to post a sizable percentage of revenue growth. For the nine months ending on June 30, Mobix Labs, Inc. (NASDAQ:MOBX) has grown its revenue by 341% and recorded gains through changes in earnout liability to affect the bottom line profits.