Mobileye Global (NASDAQ:MBLY) Shares Gap Down - What's Next?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $16.95, but opened at $15.94. Mobileye Global shares last traded at $15.64, with a volume of 2,477,792 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MBLY. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Loop Capital increased their target price on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Barclays dropped their price objective on Mobileye Global from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, UBS Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $23.45.

Mobileye Global Price Performance

The business has a 50-day simple moving average of $17.76 and a 200 day simple moving average of $17.24. The firm has a market cap of $12.69 billion, a PE ratio of -4.29 and a beta of 0.30.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds have recently modified their holdings of the company. Rakuten Securities Inc. lifted its holdings in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after purchasing an additional 1,061 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 in the last quarter. Quarry LP bought a new position in shares of Mobileye Global during the third quarter worth $31,000. Cranbrook Wealth Management LLC purchased a new position in Mobileye Global during the second quarter valued at $84,000. Finally, Quest Partners LLC bought a new stake in Mobileye Global in the 3rd quarter valued at $102,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Company Profile

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.