Mobileye Global (NASDAQ:MBLY) Trading 3.7% Higher - Time to Buy?

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report)'s stock price was up 3.7% during mid-day trading on Thursday . The company traded as high as $17.60 and last traded at $17.35. Approximately 755,694 shares changed hands during trading, a decline of 92% from the average daily volume of 9,376,765 shares. The stock had previously closed at $16.73.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MBLY. Robert W. Baird boosted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, November 1st. UBS Group boosted their target price on Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday. Loop Capital upped their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Mizuho lifted their price target on Mobileye Global from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $23.81.

Mobileye Global Price Performance

The firm has a market capitalization of $12.99 billion, a P/E ratio of -4.39, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. The business has a 50 day moving average price of $17.83 and a 200 day moving average price of $16.84.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock valued at $186,194,000 after acquiring an additional 4,517,217 shares during the period. Loomis Sayles & Co. L P raised its stake in Mobileye Global by 85.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after purchasing an additional 768,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after purchasing an additional 957,565 shares during the period. Geode Capital Management LLC grew its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after purchasing an additional 279,082 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Mobileye Global by 81.3% during the 3rd quarter. Raymond James & Associates now owns 609,841 shares of the company's stock worth $8,355,000 after purchasing an additional 273,424 shares during the period. 13.25% of the stock is owned by institutional investors.

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.