Shares of Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) traded down 5.6% on Tuesday . The stock traded as low as $13.77 and last traded at $13.59. 597,727 shares traded hands during trading, a decline of 89% from the average session volume of 5,269,976 shares. The stock had previously closed at $14.40.
Analyst Ratings Changes
MBLY has been the subject of several recent analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. UBS Group boosted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Bank of America upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target on the stock. Finally, Mizuho reduced their price objective on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.24.
View Our Latest Stock Report on MBLY
Mobileye Global Trading Down 7.7 %
The stock has a 50-day moving average price of $15.83 and a 200 day moving average price of $15.84. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of -3.45, a PEG ratio of 69.54 and a beta of 0.29.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Equities research analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Institutional Trading of Mobileye Global
A number of institutional investors and hedge funds have recently modified their holdings of the stock. PKO Investment Management Joint Stock Co acquired a new stake in Mobileye Global in the 4th quarter worth about $1,793,000. Shufro Rose & Co. LLC lifted its holdings in Mobileye Global by 100.0% in the 4th quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company's stock valued at $398,000 after purchasing an additional 10,000 shares in the last quarter. Tidal Investments LLC boosted its stake in Mobileye Global by 30.9% during the 4th quarter. Tidal Investments LLC now owns 47,885 shares of the company's stock worth $954,000 after purchasing an additional 11,299 shares during the last quarter. Tiger Pacific Capital LP purchased a new stake in shares of Mobileye Global during the fourth quarter worth $2,681,000. Finally, Needham Investment Management LLC acquired a new stake in Mobileye Global in the 4th quarter valued at about $996,000. Hedge funds and other institutional investors own 13.25% of the company's stock.
Mobileye Global Company Profile
(
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.
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