The stock of Mobileye Global Inc. (NASDAQ:MBLY) last traded at $40.44, up 0.12% from the previous session.
Data from the available sources indicates that Mobileye Global Inc. (NASDAQ:MBLY) is covered by 24 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $71.00 and a low of $34.00, we find $47.50. Given the previous closing price of $40.39, this indicates a potential upside of 17.6 percent. MBLY stock price is now -0.48% away from the 50-day moving average and 7.40% away from the 200-day moving average. The market capitalization of the company currently stands at $32.92B.
In total, 4 analysts have assigned it a hold rating, and 17 have given it a buy rating. Brokers who have rated the stock have averaged $47.43 as their price target over the next twelve months.
In other news, INTEL CORP, 10% Owner sold 38,500,000 shares of the company’s stock on Jun 12. The stock was sold for $1,572,532,500 at an average price of $40.84. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28, CEO and President Shashua Amnon bought 476,191 shares of the business’s stock. A total of $10,000,011 was incurred on buying the stock at an average price of $21.00. This leaves the insider owning 476,191 shares of the company worth $19.26 million. Insiders disposed of 38,500,000 shares of company stock worth roughly $1.56 billion over the past 1 year. 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. shares was purchased by NORGES BANK during the first quarter worth $488,754,000. JENNISON ASSOCIATES LLC invested $352,263,000 in shares of MBLY during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Mobileye Global Inc. valued at approximately $99,792,000. RHEOS CAPITAL WORKS INC. acquired a new stake in MBLY for approximately $26,286,000. GOLDMAN SACHS GROUP INC purchased a new stake in MBLY valued at around $12,869,000 in the second quarter.
With an opening price of $40.25 on Wednesday morning, Mobileye Global Inc. (NASDAQ: MBLY) set off the trading day. During the past 12 months, Mobileye Global Inc. 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 4.00, and a quick ratio of 3.50. The fifty day moving average price for MBLY is $40.69 and a two-hundred day moving average price translates $37.66 for the stock.
The latest earnings results from Mobileye Global Inc. (NASDAQ: MBLY) was released for Mar, 2023. The net profit margin was -5.20% and return on equity was -0.80% for MBLY. For the current quarter, analysts expect MBLY to generate $451.74M in revenue.
