Mobileye Global Inc (NASDAQ:MBLY) has a beta value of 0.26 and has seen 6.06 million shares traded in the last trading session. The company, currently valued at $15.15B, closed the last trade at $17.97 per share which meant it gained $0.68 on the day or 3.93% during that session. The MBLY stock price is -147.52% off its 52-week high price of $44.48 and 41.68% above the 52-week low of $10.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.73 million shares traded. The 3-month trading volume is 6.68 million shares.
The consensus among analysts is that Mobileye Global Inc (MBLY) is Buy stock at the moment, with a recommendation rating of 2.37. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 12 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.11.
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Mobileye Global Inc (NASDAQ:MBLY) trade information
Sporting 3.93% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MBLY stock price touched $17.97 or saw a rise of 0.94%. Year-to-date, Mobileye Global Inc shares have moved -58.52%, while the 5-day performance has seen it change 19.88%. Over the past 30 days, the shares of Mobileye Global Inc (NASDAQ:MBLY) have changed 43.65%. Short interest in the company has seen 20.48 million shares shorted with days to cover at 3.57.
Wall Street analysts have a consensus price target for the stock at $31.5, which means that the shares’ value could jump 42.95% from current levels. The projected low price target is $11.0 while the price target rests at a high of $52.0. In that case, then, we find that the current price level is -189.37% off the targeted high while a plunge would see the stock lose 38.79% from current levels.
Mobileye Global Inc (MBLY) estimates and forecasts
Figures show that Mobileye Global Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -29.97% over the past 6 months, with this year growth rate of -73.17%, compared to 9.00% for the industry. Revenue growth from the last financial year stood is estimated to be -21.12%.
19 analysts offering their estimates for the company have set an average revenue estimate of 485.17M for the current quarter. 10 have an estimated revenue figure of 455.63M for the next ending quarter. Year-ago sales stood 637M and 239M respectively for this quarter and the next, and analysts expect sales will shrink by -23.84% for the current quarter and -21.12% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 46.60% over the past 5 years. Earnings growth for 2024 is a modest -72.20% while over the next 5 years, the company’s earnings are expected to decrease by -8.70%.
MBLY Dividends
Mobileye Global Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
Insiders own 3.61% of the company shares, while shares held by institutions stand at 102.91% with a share float percentage of 106.76%. Investors are also buoyed by the number of investors in a company, with Mobileye Global Inc having a total of 340.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Growth Fund and John Hancock Fds II-Fundamental Large Cap Core Fund . As of Aug 31, 2024 , the former fund manager holds about 5.25% shares in the company for having 5.23 shares of worth $93.94 million while later fund manager owns 2.16 shares of worth $38.85 million as of Sep 30, 2024 , which makes it owner of about 2.17% of company’s outstanding stock.
