Mobileye Global (NASDAQ:MBLY) Trading Up 2.1% - Time to Buy?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) shares were up 2.1% during mid-day trading on Friday . The stock traded as high as $19.89 and last traded at $19.88. Approximately 2,977,792 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 5,209,533 shares. The stock had previously closed at $19.47.

Analyst Upgrades and Downgrades

Several research firms have commented on MBLY. Robert W. Baird increased their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Mizuho raised their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. BNP Paribas lowered shares of Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price target on the stock. in a report on Wednesday, October 2nd. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and a consensus target price of $23.38.

Mobileye Global Stock Performance

The firm has a market cap of $16.25 billion, a PE ratio of -5.49 and a beta of 0.44. The stock has a 50 day simple moving average of $16.55 and a two-hundred day simple moving average of $17.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. increased its holdings in shares of Mobileye Global by 140.2% during 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 in the last quarter. Quarry LP acquired a new stake in Mobileye Global during the third quarter valued at $31,000. Cranbrook Wealth Management LLC purchased a new position in Mobileye Global in the second quarter valued at $84,000. EverSource Wealth Advisors LLC raised its position in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after acquiring an additional 3,478 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Mobileye Global during the 2nd quarter worth about $147,000. 13.25% of the stock is 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.