In today’s recent session, 1.16 million shares of the Mobileye Global Inc (NASDAQ:MBLY) have been traded, and its beta is -0.08. Most recently the company’s share price was $31.04, and it changed around $0.61 or 2.00% from the last close, which brings the market valuation of the company to $25.03B. MBLY at last check was trading at a discount to its 52-week high of $47.41, offering almost -52.74% off that amount. The share price’s 52-week low was $23.49, which indicates that the recent value has risen by an impressive 24.32% since then. We note from Mobileye Global Inc’s average daily trading volume that its 3-month average coming to 3.62 million.
Mobileye Global Inc (NASDAQ:MBLY) trade information
Instantly MBLY has been showing a green trend so far today with a performance of 2.00% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -28.35% year-to-date, but still up 0.26% over the last five days. On the other hand, Mobileye Global Inc (NASDAQ:MBLY) is -0.48% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $41.64, which translates to bulls needing to increase their stock price by 25.46% from its current value. Analyst projections state that MBLY is forecast to be at a low of $31 and a high of $52.
Mobileye Global Inc (MBLY) estimates and forecasts
Mobileye Global Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.11 percent over the past six months and at a -53.66% annual growth rate that is well below the industry average of 12.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -142.90% in revenue this quarter, and will report a decrease of -52.90% in the next quarter. The year-over-year growth rate is expected to be -8.60%, down from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of $231.56 million in revenue for the current quarter. 20 analysts expect Mobileye Global Inc to make $433.16 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $454.74 million and $454 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -49.10%. Forecasts for the next quarter put sales growth at -4.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.60%. Mobileye Global Inc earnings are expected to increase by -53.01% in 2024, but the outlook is positive 17.41% per year for the next five years.
