In last trading session, Mobileye Global Inc (NASDAQ:MBLY) saw 6.24 million shares changing hands with its beta currently measuring -0.29. Company’s recent per share price level of $31.40 trading at $0.9 or 2.95% at ring of the bell on the day assigns it a market valuation of $25.31B. That closing price of MBLY’s stock is at a discount of -50.99% from its 52-week high price of $47.41 and is indicating a premium of 25.19% from its 52-week low price of $23.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.2 million shares which gives us an average trading volume of 5.11 million if we extend that period to 3-months.
Mobileye Global Inc (NASDAQ:MBLY) trade information
Upright in the green during last session for gaining 2.95%, in the last five days MBLY remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $31.40 price level, adding 2.24% to its value on the day. Mobileye Global Inc’s shares saw a change of -27.52% in year-to-date performance and have moved 10.33% in past 5-day. Mobileye Global Inc (NASDAQ:MBLY) showed a performance of 28.16% in past 30-days. Number of shares sold short was 19.83 million shares which calculate 5.35 days to cover the short interests.
Mobileye Global Inc (MBLY) estimates and forecasts
Statistics highlight that Mobileye Global Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -22.43% of value to its shares in past 6 months, showing an annual growth rate of -54.88% while that of industry is 10.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -142.90% in the current quarter and calculating -52.90% decrease in the next quarter. This year revenue growth is estimated to fall -8.40% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $230.95 million for the same. And 19 analysts are in estimates of company making revenue of $435.12 million in the next quarter that will end on Jun 2024. Company posted $454.74 million and $454 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -49.20% while estimating it to be -4.20% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 46.60% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -52.59% while estimates for its earnings growth in next 5 years are of 18.14%.
MBLY Dividends
Mobileye Global Inc is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
Insiders are in possession of 2.00% of company’s total shares while institution are holding 102.85 percent of that, with stock having share float percentage of 104.95%. Investors also watch the number of corporate investors in a company very closely, which is 102.85% institutions for Mobileye Global Inc that are currently holding shares of the company. Jennison Associates LLC is the top institutional holder at MBLY for having 16.13 million shares of worth $619.81 million. And as of Jun 29, 2023, it was holding 17.13% of the company’s outstanding shares.
The second largest institutional holder is Norges Bank Investment Management, which was holding about 12.09 million shares on Dec 30, 2022. The number of shares represents firm’s hold over 12.84% of outstanding shares, having a total worth of $423.73 million.
On the other hand, Price (T.Rowe) Capital Appreciation Fund and Vanguard International Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 3.9 million shares of worth $149.89 million or 4.14% of the total outstanding shares. The later fund manager was in possession of 3.78 million shares on May 30, 2023, making its stake of worth around $168.63 million in the company or a holder of 4.02% of company’s stock.
