In today’s recent session, 0.85 million shares of the Mobileye Global Inc (NASDAQ:MBLY) have been traded, and its beta is 0.07. Most recently the company’s share price was $13.15, and it changed around $0.13 or 1.00% from the last close, which brings the market valuation of the company to $10.67B. MBLY at last check was trading at a discount to its 52-week high of $44.48, offering almost -238.25% off that amount. The share price’s 52-week low was $10.48, which indicates that the recent value has risen by an impressive 20.3% since then. We note from Mobileye Global Inc’s average daily trading volume that its 10-day average is 4.64 million shares, with the 3-month average coming to 6.30 million.
Mobileye Global Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.39. If we narrow it down even further, the data shows that 2 out of 31 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 10 recommended MBLY as a Hold, whereas 16 deemed it a Buy, and 0 rated it as Underweight. Mobileye Global Inc is expected to report earnings per share of 0.09 for the current quarter.
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Mobileye Global Inc (NASDAQ:MBLY) trade information
Instantly MBLY has been showing a green trend so far today with a performance of 1.00% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.17 on recent trading dayincreased the stock’s daily price by 0.15%. The company’s shares are currently down -69.64% year-to-date, but still up 1.15% over the last five days. On the other hand, Mobileye Global Inc (NASDAQ:MBLY) is -4.01% down in the 30-day period. We can see from the shorts that 20.62 million shares have been sold at a short interest cover period of 2.72 day(s).
The consensus price target as assigned by Wall Street analysts is $33.5, which translates to bulls needing to increase their stock price by 60.75% from its current value. Analyst projections state that MBLY is forecast to be at a low of $11 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 -52.27 percent over the past six months and at a -73.17% annual growth rate that is well below the industry average of 6.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -59.10% in revenue this quarter, and will report a decrease of -60.70% in the next quarter. The year-over-year growth rate is expected to be -20.50%, down from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 472.14M in revenue for the current quarter. 19 analysts expect Mobileye Global Inc to make 503.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 530M and 637M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.90%. Forecasts for the next quarter put sales growth at -20.90%.
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 -72.11% in 2024, but the outlook is positive 8.00% per year for the next five years.
MBLY Dividends
Mobileye Global Inc’s next quarterly earnings report is expected to be released on 2024-Oct-31.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.43% of Mobileye Global Inc shares, and 120.73% of them are in the hands of institutional investors. The stock currently has a share float of 125.02%.
Vanguard International Growth Fund and John Hancock Fds II-Fundamental Large Cap Core Fund were the top two Mutual Funds as of May 31, 2024. The former held 5.23 shares worth $68.43 million, making up 5.25% of all outstanding shares. On the other hand, John Hancock Fds II-Fundamental Large Cap Core Fund held roughly 2.16 shares worth around $28.3 million, which represents about 2.17% of the total shares outstanding.
