Mobileye Global Inc (MBLY): Why Is The Stock Strong?

Mobileye Global Inc (NASDAQ:MBLY) has a beta value of 0.23 and has seen 0.72 million shares traded in the recent trading session. The company, currently valued at $14.95B, closed the recent trade at $18.42 per share which meant it lost -$0.47 on the day or -2.49% during that session. The MBLY stock price is -84.58% off its 52-week high price of $34.00 and 43.11% above the 52-week low of $10.48.

The consensus among analysts is that Mobileye Global Inc (MBLY) is Buy stock at the moment, with a recommendation rating of 2.26. 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 0.07.

Mobileye Global Inc (NASDAQ:MBLY) trade information

Sporting -2.49% in the red today, 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 $18.42 or saw a rise of 4.16%. Year-to-date, Mobileye Global Inc shares have moved -7.53%, while the 5-day performance has seen it change 7.16%. Over the past 30 days, the shares of Mobileye Global Inc (NASDAQ:MBLY) have changed 14.98%.

Wall Street analysts have a consensus price target for the stock at $19.5, which means that the shares’ value could jump 5.54% from the levels at last check today. The projected low price target is $11.0 while the price target rests at a high of $30.0. In that case, then, we find that the latest price level in today’s session is -62.87% off the targeted high while a plunge would see the stock lose 40.28% from the levels at last check today.

Mobileye Global Inc (MBLY) estimates and forecasts

The company’s shares have gained 28.81% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 6.27%.

15 analysts offering their estimates for the company have set an average revenue estimate of 434.63M for the current quarter. 15 have an estimated revenue figure of 432.31M for the next ending quarter. Year-ago sales stood 239M and 439M respectively for this quarter and the next, and analysts expect sales will grow by 81.85% for the current quarter and 6.27% 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 -56.11% over the past 5 years. Earnings growth for 2025 is a modest 18.50% while over the next 5 years, the company’s earnings are expected to increase by 44.52%.

MBLY Dividends

Mobileye Global Inc is expected to release its next earnings report in March 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

Also the top two Mutual Funds that are holding company’s shares are Vanguard International Growth Fund and John Hancock Var Ins Tr-Fundamental All Cap Core Tr. As of Nov 30, 2024, the former fund manager holds about 5.22% shares in the company for having 5.23 shares of worth $96.6 million while later fund manager owns 2.2 shares of worth $40.61 million as of Sep 30, 2024, which makes it owner of about 2.19% of company’s outstanding stock.