In the last trading session, 1.56 million Mobileye Global Inc (NASDAQ:MBLY) shares changed hands as the company’s beta touched -0.29. With the company’s per share price at $31.35 changed hands at $0.16 or 0.51% during last session, the market valuation stood at $25.27B. MBLY’s last price was a discount, traded about -51.23% off its 52-week high of $47.41. The share price had its 52-week low at $23.49, which suggests the last value was 25.07% up since then. When we look at Mobileye Global Inc’s average trading volume, we note the 10-day average is 3.75 million shares, with the 3-month average coming to 5.16 million.
Mobileye Global Inc (NASDAQ:MBLY) trade information
Instantly MBLY was in green as seen at the end of in last trading. With action 10.50%, the performance over the past five days has been green. The jump to weekly highs of 32.12 added 0.51% to the stock’s daily price. The company’s shares are showing year-to-date downside of -27.63%, with the 5-day performance at 10.50% in the green. However, in the 30-day time frame, Mobileye Global Inc (NASDAQ:MBLY) is 28.59% up. Looking at the short shares, we see there were 19.83 million shares sold at short interest cover period of 5.35 days.
Mobileye Global Inc (MBLY) estimates and forecasts
Data shows that the Mobileye Global Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.01% over the past 6 months, a -54.88% in annual growth rate that is considerably lower than the industry average of 14.20%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Mobileye Global Inc will fall -142.90%, while the growth in revenue is estimated to hit -52.90% for the next quarter. Year-over-year growth is forecast to reach -8.40% down from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of $230.95 million. 19 analysts are of the opinion that Mobileye Global Inc’s revenue for the quarter ending Jun 2024 will be $435.12 million. The company’s revenue for the corresponding quarters a year ago was $454.74 million and $454 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -49.20%. The estimates for the next quarter sales put growth at -4.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.60%. The 2024 estimates are for Mobileye Global Inc earnings to decrease by -52.59%, but the outlook for the next 5-year period is at 18.14% per year.
MBLY Dividends
Mobileye Global Inc is expected to release its next quarterly earnings report in April.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.00% of Mobileye Global Inc shares while 102.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.94%. There are 102.85% institutions holding the Mobileye Global Inc stock share, with Jennison Associates LLC the top institutional holder. As of Jun 29, 2023, the company held 17.13% of the shares, roughly 16.13 million MBLY shares worth $619.81 million.
Norges Bank Investment Management holds the second largest percentage of outstanding shares, with 12.84% or 12.09 million shares worth $423.73 million as of Dec 30, 2022.
Among Mutual Funds, the top two as of Jun 29, 2023 were Price (T.Rowe) Capital Appreciation Fund and Vanguard International Growth Fund. With 3.9 million shares estimated at $149.89 million under it, the former controlled 4.14% of total outstanding shares. On the other hand, Vanguard International Growth Fund held about 4.02% of the shares, roughly 3.78 million shares worth around $168.63 million.
