Stocks of Mobileye Global Inc (NASDAQ:MBLY) traded higher last session on Wall Street, up 7.24% to $36.42.
According to the data, Mobileye Global Inc (NASDAQ:MBLY) has 27 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $34.00, we find $48.43. Given the previous closing price of $33.96, this indicates a potential upside of 42.61 percent. MBLY stock price is now -2.10% away from the 50-day moving average and -7.60% away from the 200-day moving average. The market capitalization of the company currently stands at $29.34B.
A total of 4 analysts have issued a hold rating and 19 have given it a buy rating. Brokers who have rated the stock have averaged $48.45 as their price target over the next twelve months.
With the price target of $48, UBS recently initiated with Buy rating for Mobileye Global Inc (NASDAQ: MBLY).
In other news, GELSINGER PATRICK P, Director bought 2,650 shares of the company’s stock on Jul 31. The stock was bought for $100,391 at an average price of $37.88. Upon completion of the transaction, the Director now directly owns 122,650 shares in the company, valued at $4.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, 10% Owner INTEL CORP sold 38,500,000 shares of the business’s stock. A total of $1,572,532,500 was realized by selling the stock at an average price of $40.84. Insiders disposed of 38,500,000 shares of company stock worth roughly $1.4 billion over the past 1 year. A total of 89.01% 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 $440,168,000. CITADEL ADVISORS LLC invested $87,965,000 in shares of MBLY during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Mobileye Global Inc valued at approximately $64,425,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in MBLY for approximately $45,718,000. AMERICAN CENTURY COMPANIES INC purchased a new stake in MBLY valued at around $45,537,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $36.00 for Mobileye Global Inc (NASDAQ: MBLY). 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 4.51, and a quick ratio of 3.82. The fifty day moving average price for MBLY is $37.20 and a two-hundred day moving average price translates $39.43 for the stock.
The latest earnings results from Mobileye Global Inc (NASDAQ: MBLY) was released for Jun, 2023. The net profit margin was -6.33% and return on equity was -0.53% for MBLY. The company reported revenue of $454.0 million for the quarter, compared to $460.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.3 percent.
Mobileye Global Inc(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 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. It also provides Mobileye Chauffeur, a generation solution; and Mobileye Drive, a self-driving system comprising of radar and lidar subsystems. The company was founded in 1999 and is headquartered in Jerusalem, Israel. Mobileye Global Inc. operates as a subsidiary of Intel Overseas Funding Corporation.
