Mobileye Global (NASDAQ:MBLY) Trading 5.2% Higher - Should You Buy?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s share price was up 5.2% on Tuesday . The stock traded as high as $19.83 and last traded at $19.78. Approximately 3,030,811 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 5,166,378 shares. The stock had previously closed at $18.80.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MBLY shares. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group lowered their price objective on Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. UBS Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus price target of $23.24.

Mobileye Global Price Performance

The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of -5.38 and a beta of 0.44. The firm has a 50 day moving average price of $15.58 and a 200-day moving average price of $18.14.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock valued at $501,000 after buying an additional 1,617 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Mobileye Global in the third quarter valued at $273,000. Virtu Financial LLC acquired a new stake in Mobileye Global in the third quarter valued at $229,000. TCW Group Inc. raised its stake in Mobileye Global by 0.8% in the third quarter. TCW Group Inc. now owns 412,651 shares of the company's stock valued at $5,653,000 after buying an additional 3,388 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after buying an additional 279,082 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

About Mobileye Global

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.