Mobileye Global (NASDAQ:MBLY) Trading 6.7% Higher - What's Next?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s share price was up 6.7% during mid-day trading on Friday . The stock traded as high as $17.12 and last traded at $17.40. Approximately 527,981 shares changed hands during trading, a decline of 93% from the average daily volume of 8,024,903 shares. The stock had previously closed at $16.31.

Analysts Set New Price Targets

Several equities analysts have recently commented on MBLY shares. Oppenheimer initiated coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective on the stock. Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Mizuho cut their price target on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday. The Goldman Sachs Group decreased their price objective on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Loop Capital increased their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and a consensus price target of $23.05.

Mobileye Global Stock Down 0.7 %

The company has a fifty day simple moving average of $17.72 and a 200-day simple moving average of $15.79. The firm has a market cap of $12.91 billion, a P/E ratio of -4.17, a price-to-earnings-growth ratio of 11.32 and a beta of 0.26.

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 the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.33%. As a group, research analysts forecast that Mobileye Global Inc. will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Green Alpha Advisors LLC lifted its position in shares of Mobileye Global by 54.2% during the third quarter. Green Alpha Advisors LLC now owns 27,829 shares of the company's stock valued at $381,000 after buying an additional 9,777 shares during the last quarter. Daymark Wealth Partners LLC purchased a new stake in Mobileye Global during the third quarter valued at approximately $144,000. Sanders Morris Harris LLC acquired a new stake in Mobileye Global in the third quarter valued at approximately $274,000. Tobam grew its holdings in Mobileye Global by 52.2% in the third quarter. Tobam now owns 132,015 shares of the company's stock worth $1,809,000 after purchasing an additional 45,268 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its position in Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after buying an additional 1,257 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.