Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) shares rose 6.7% on Friday . The company traded as high as $17.12 and last traded at $17.40. Approximately 527,981 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 8,024,903 shares. The stock had previously closed at $16.31.
Several equities analysts have recently issued reports on the stock. Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Friday. Mizuho cut their target price on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday. Loop Capital lifted their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, UBS Group upped their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus target price of $23.15.
View Our Latest Report on Mobileye Global
The company has a market cap of $14.06 billion, a P/E ratio of -4.78, a PEG ratio of 10.97 and a beta of 0.30. The business's 50 day simple moving average is $17.80 and its 200 day simple moving average is $16.09.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. Sell-side analysts anticipate that Mobileye Global Inc. will post -0.05 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new stake in Mobileye Global in the 4th quarter worth $12,202,000. Van ECK Associates Corp boosted its position in shares of Mobileye Global by 35.7% during the 4th quarter. Van ECK Associates Corp now owns 21,274 shares of the company's stock valued at $424,000 after acquiring an additional 5,597 shares during the last quarter. Robocap Asset Management Ltd grew its holdings in shares of Mobileye Global by 28.2% in the fourth quarter. Robocap Asset Management Ltd now owns 124,467 shares of the company's stock valued at $2,479,000 after purchasing an additional 27,416 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Mobileye Global by 2,124.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 167,084 shares of the company's stock worth $3,328,000 after purchasing an additional 159,572 shares during the last quarter. Finally, Financial Advocates Investment Management purchased a new stake in Mobileye Global during the fourth quarter valued at $428,000. Hedge funds and other institutional investors own 13.25% of the company's stock.
Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising 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.
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