In the latest trading session, 0.98 million Mobileye Global Inc (NASDAQ:MBLY) shares changed hands as the company’s beta touched 0.40. With the company’s most recent per share price at $18.80 changing hands around $0.29 or 1.54% at last look, the market valuation stands at $15.24B. MBLY’s current price is a discount, trading about -136.6% off its 52-week high of $44.48. The share price had its 52-week low at $10.48, which suggests the last value was 44.26% up since then. When we look at Mobileye Global Inc’s average trading volume, we note the 10-day average is 7.35 million shares, with the 3-month average coming to 6.73 million.
Analysts gave the Mobileye Global Inc (MBLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.32. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MBLY as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Mobileye Global Inc’s EPS for the current quarter is expected to be 0.11.
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Mobileye Global Inc (NASDAQ:MBLY) trade information
Instantly MBLY is in green as seen in intraday trades today. With action -4.30%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -56.61%, with the 5-day performance at -4.30% in the red. However, in the 30-day time frame, Mobileye Global Inc (NASDAQ:MBLY) is 4.59% up. Looking at the short shares, we see there were 20.87 million shares sold at short interest cover period of 2.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 6.0% from its recent market value. According to analyst projections, MBLY’s forecast low is 11 with 32 as the target high. To hit the forecast high, the stock’s price needs a -70.21% plunge from its current level, while the stock would need to tank 41.49% for it to hit the projected low.
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 -33.23% over the past 6 months, a -73.17% in annual growth rate that is considerably lower than the industry average of 9.30%. Year-over-year growth is forecast to reach -21.11% 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 485.17M. 11 analysts are of the opinion that Mobileye Global Inc’s revenue for the current quarter will be 456.68M. The company’s revenue for the corresponding quarters a year ago was 637M and 239M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -23.84%. The estimates for the next quarter sales put growth at 91.08%.
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 -72.24%, but the outlook for the next 5-year period is at -10.29% per year.
MBLY Dividends
Mobileye Global Inc is expected to release its next quarterly earnings report in January.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.66% of Mobileye Global Inc shares while 102.76% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.66%.
Among Mutual Funds, the top two as of Aug 31, 2024 were Vanguard International Growth Fund and John Hancock Var Ins Tr-Fundamental All Cap Core Tr. With 5.23 shares estimated at $98.85 million under it, the former controlled 5.25% of total outstanding shares. On the other hand, John Hancock Var Ins Tr-Fundamental All Cap Core Tr held about 2.21% of the shares, roughly 2.2 shares worth around $41.56 million.
