Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) saw an uptick in trading volume on Thursday . 5,575,253 shares traded hands during mid-day trading, a decline of 26% from the previous session's volume of 7,527,674 shares.The stock last traded at $15.90 and had previously closed at $16.01.
Analyst Ratings Changes
Several brokerages recently weighed in on MBLY. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Mobileye Global in a research report on Friday. Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Loop Capital boosted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group dropped their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Canaccord Genuity Group dropped their price target on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mobileye Global currently has an average rating of "Hold" and a consensus target price of $23.05.
Get Our Latest Stock Report on MBLY
Mobileye Global Stock Down 3.0 %
The firm's 50-day moving average price is $17.77 and its two-hundred day moving average price is $15.87. The firm has a market capitalization of $13.00 billion, a PE ratio of -4.20, a P/E/G ratio of 11.32 and a beta of 0.26.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.33%. Equities research analysts forecast that Mobileye Global Inc. will post 0.21 EPS for the current year.
Institutional Trading of Mobileye Global
A number of institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after acquiring an additional 932 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after buying an additional 1,061 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after buying an additional 1,131 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after buying an additional 1,147 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc lifted its stake in shares of Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock worth $119,000 after buying an additional 1,257 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.
About Mobileye Global
(
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Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.
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