Mobileye Global (NASDAQ:MBLY) Trading Up 5.2% - What's Next?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) shot up 5.2% during mid-day trading on Friday . The stock traded as high as $21.32 and last traded at $21.06. 988,450 shares traded hands during trading, a decline of 72% from the average session volume of 3,468,488 shares. The stock had previously closed at $20.02.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. 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 note on Friday, November 1st. Wolfe Research raised shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a research note on Wednesday, December 11th. Finally, UBS Group downgraded Mobileye Global from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Three 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.38.

Mobileye Global Price Performance

The stock has a market cap of $17.60 billion, a price-to-earnings ratio of -5.95 and a beta of 0.30. The stock's 50 day simple moving average is $17.12 and its two-hundred day simple moving average is $17.48.

Institutional Trading of Mobileye Global

Several institutional investors have recently made changes to their positions in MBLY. Rakuten Securities Inc. grew its stake in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after purchasing an additional 1,061 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares during the period. Quarry LP acquired a new stake in shares of Mobileye Global in the 3rd quarter valued at $31,000. Cranbrook Wealth Management LLC bought a new position in Mobileye Global during the 2nd quarter valued at about $84,000. Finally, Quest Partners LLC acquired a new position in Mobileye Global in the third quarter valued at about $102,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.