During the recent session, Mobileye Global Inc (NASDAQ:MBLY)’s traded shares were 0.76 million, with the beta value of the company hitting 0.46. At the last check today, the stock’s price was $15.40, reflecting an intraday loss of -3.08% or -$0.49. The 52-week high for the MBLY share is $44.48, that puts it down -188.83 from that peak though still a striking 6.95% gain since the share price plummeted to a 52-week low of $14.33. The company’s market capitalization is $12.42B, and the average intraday trading volume over the past 10 days was 8.51 million shares, and the average trade volume was 4.47 million shares over the past three months.
Mobileye Global Inc (MBLY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.89. MBLY has a Sell rating from 1 analyst(s) out of 12 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
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Mobileye Global Inc (NASDAQ:MBLY) trade information
Mobileye Global Inc (MBLY) registered a -3.08% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.08% in intraday trading to $15.40, hitting a weekly high. The stock’s 5-day price performance is -3.51%, and it has moved by -43.03% in 30 days. Based on these gigs, the overall price performance for the year is -59.90%. The short interest in Mobileye Global Inc (NASDAQ:MBLY) is 15.39 million shares and it means that shorts have 4.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $41.5, which implies an increase of 62.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $52 respectively. As a result, MBLY is trading at a discount of -237.66% off the target high and -16.88% off the low.
Mobileye Global Inc (MBLY) estimates and forecasts
Statistics show that Mobileye Global Inc has underperformed its competitors in share price, compared to the industry in which it operates. Mobileye Global Inc (MBLY) shares have gone down -41.75% during the last six months, with a year-to-date growth rate less than the industry average at -69.51% against 6.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -54.50% this quarter and then drop -57.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -18.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 490.99M as predicted by 16 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 527.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 530M and 637M respectively. In this case, analysts expect current quarter sales to shrink by -7.40% and then drop by -17.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.60%. While earnings are projected to return -69.11% in 2024, the next five years will return 17.73% per annum.
MBLY Dividends
Mobileye Global Inc is due to release its next quarterly earnings 2024-Oct-25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
Mobileye Global Inc insiders own 1.79% of total outstanding shares while institutional holders control 123.47%, with the float percentage being 125.72%.
Also, the Mutual Funds coming in first place with the largest holdings of Mobileye Global Inc (MBLY) shares are Vanguard International Growth Fund and Thrivent Mid Cap Stock Fund. Data provided on May 31, 2024 indicates that Vanguard International Growth Fund owns about 5.23 shares. This amounts to just over 5.51 percent of the company’s overall shares, with a $80.27 million market value. The same data shows that the other fund manager holds slightly less at 2.71, or about 2.85% of the stock, which is worth about $41.56 million.
