Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $14.97, but opened at $14.64. Mobileye Global shares last traded at $14.78, with a volume of 181,762 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have issued reports on MBLY. Mizuho dropped their price objective on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Loop Capital boosted their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Piper Sandler boosted their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday. UBS Group lifted their target price on Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Finally, Barclays boosted their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.24.
Check Out Our Latest Stock Report on MBLY
Mobileye Global Price Performance
The firm's fifty day moving average price is $16.11 and its two-hundred day moving average price is $15.63. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after acquiring an additional 737 shares during the period. 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 in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global in the fourth quarter worth approximately $30,000. Quarry LP bought a new position in shares of Mobileye Global in the third quarter worth approximately $31,000. Finally, Global Retirement Partners LLC lifted its position in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after purchasing an additional 932 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
About Mobileye Global
(
Get Free Report)
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.
Further Reading
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