In yesterday’s Wall Street session, Mobileye Global Inc (NASDAQ:MBLY) shares traded at $30.50, up 7.51% from the previous session.
MBLY stock price is now 11.38% away from the 50-day moving average and -15.35% away from the 200-day moving average. The market capitalization of the company currently stands at $24.59B.
With the price target of $31, Piper Sandler recently initiated with Neutral rating for Mobileye Global Inc (NASDAQ: MBLY). On January 26, 2024, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $38 to quote $35, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Yeboah-Amankwah Safroadu, Director bought 940 shares of the company’s stock on Feb 01 ’24. The stock was bought for $24,138 at an average price of $25.68. Upon completion of the transaction, the Director now directly owns 48,459 shares in the company, valued at $1.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, Director GELSINGER PATRICK P bought 3,600 shares of the business’s stock. A total of $99,915 was incurred on buying the stock at an average price of $27.75. This leaves the insider owning 129,095 shares of the company worth $3.94 million. A total of 88.54% of the company’s stock is owned by insiders.
During the past 12 months, Mobileye Global Inc has had a low of $23.49 and a high of $47.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.13, and a quick ratio of 4.16. The fifty day moving average price for MBLY is $27.37 and a two-hundred day moving average price translates $35.97 for the stock.
The latest earnings results from Mobileye Global Inc (NASDAQ: MBLY) was released for Dec, 2023. According to the Auto Parts Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.27 by 0.01. This compares to $0.04 EPS in the same period last year. The net profit margin was -1.30% and return on equity was -0.18% for MBLY. The company reported revenue of $637.0 million for the quarter, compared to $565.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.74 percent. For the current quarter, analysts expect MBLY to generate $230.95M in revenue.
