The stock of Mobileye Global Inc. Class A Common Stock (NASDAQ:MBLY) last traded at $41.75, up 6.56% from the previous session.
Data from the available sources indicates that Mobileye Global Inc. Class A Common Stock (NASDAQ:MBLY) is covered by 21 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $34.00, we find $44.00. Given the previous closing price of $39.18, this indicates a potential upside of 12.3 percent. MBLY stock price is now 3.94% away from the 50-day moving average and 18.57% away from the 200-day moving average. The market capitalization of the company currently stands at $35.30B.
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In total, 5 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $46.86 as their price target over the next twelve months.
With the price target of $60, Barclays recently initiated with Overweight rating for Mobileye Global Inc. Class A Common Stock (NASDAQ: MBLY). On January 25, 2023, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $45, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, Shashua Amnon, CEO and President bought 476,191 shares of the company’s stock on Oct 28. The stock was bought for $10,000,011 at an average price of $21.00. Upon completion of the transaction, the CEO and President now directly owns 476,191 shares in the company, valued at $19.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28, Director GELSINGER PATRICK P bought 120,000 shares of the business’s stock. A total of $2,520,000 was incurred on buying the stock at an average price of $21.00. This leaves the insider owning 120,000 shares of the company worth $5.01 million. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MBLY stock. A new stake in Mobileye Global Inc. Class A Common Stock shares was purchased by NORGES BANK during the first quarter worth $473,526,000. BAILLIE GIFFORD & CO invested $242,225,000 in shares of MBLY during the first quarter. In the first quarter, GENERAL ATLANTIC, L.P. acquired a new stake in Mobileye Global Inc. Class A Common Stock valued at approximately $186,571,000. FMR LLC acquired a new stake in MBLY for approximately $103,115,000. PRICE T ROWE ASSOCIATES INC /MD/ purchased a new stake in MBLY valued at around $91,976,000 in the second quarter. In total, there are 85 active investors with 73.19% ownership of the company’s stock.
With an opening price of $39.91 on Wednesday morning, Mobileye Global Inc. Class A Common Stock (NASDAQ: MBLY) set off the trading day. During the past 12 months, Mobileye Global Inc. Class A Common Stock has had a low of $24.85 and a high of $48.11. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.90, and a quick ratio of 3.70. The fifty day moving average price for MBLY is $40.37 and a two-hundred day moving average price translates $35.26 for the stock.
The latest earnings results from Mobileye Global Inc. Class A Common Stock (NASDAQ: MBLY) was released for Dec, 2022. For the current quarter, analysts expect MBLY to generate $458.7M in revenue.
Mobileye Global Inc. Class A Common Stock(MBLY) Company Profile
Mobileye Global Inc. engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates. It also provides Mobileye Chauffeur, a generation solution; and Mobileye Drive, a Level 4 solution, which comprise a set of autonomous driving technology solutions, such as Self-Driving System & Vehicles and Autonomous Mobility as a Service. The company was founded in 1999 and is headquartered in Jerusalem, Israel. Mobileye Global Inc. operates as a subsidiary of Intel Overseas Funding Corporation.
