In yesterday’s Wall Street session, Mobileye Global Inc (NASDAQ:MBLY) shares traded at $30.90, down -0.71% from the previous session.
MBLY stock price is now 6.71% away from the 50-day moving average and -11.70% away from the 200-day moving average. The market capitalization of the company currently stands at $24.91B.
With the price target maintained at $41, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Mobileye Global Inc (NASDAQ: MBLY). On March 15, 2024, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $31, while ‘TD Cowen’ rates the stock as ‘Outperform’
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 $1.5 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 $3.99 million. A total of 88.53% 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.
According to the Auto Parts Company, earnings per share came in at 0.14, beating analysts’ expectations of 0.12 by 0.02. 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 $231.56M in revenue.
