In the latest trading session,, 0.85 million Mobileye Global Inc (NASDAQ:MBLY) shares changed hands as the company’s beta touched 0.47. With the company’s most recent per share price at $13.48 changing hands around $0.53 or 4.06% at last look, the market valuation stands at $10.94B. MBLY’s current price is a discount, trading about -146.74% off its 52-week high of $33.26. The share price had its 52-week low at $10.48, which suggests the last value was 22.26% up since then. When we look at Mobileye Global Inc’s average trading volume, we note the 10-day average is 4.49 million shares, with the 3-month average coming to 4.95 million.
Analysts gave the Mobileye Global Inc (MBLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.29. 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 0.07.
Mobileye Global Inc (NASDAQ:MBLY) trade information
Instantly MBLY is in green as seen in intraday trades today. With action -9.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.35%, with the 5-day performance at -9.98% in the red. However, in the 30-day time frame, Mobileye Global Inc (NASDAQ:MBLY) is -9.13% down. Looking at the short shares, we see there were 25.79 million shares sold at short interest cover period of 7.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18.5, meaning bulls need an upside of 27.14% from its recent market value. According to analyst projections, MBLY’s forecast low is 11 with 30 as the target high. To hit the forecast high, the stock’s price needs a -122.55% plunge from its current level, while the stock would need to tank 18.4% for it to hit the projected low.
Mobileye Global Inc (MBLY) estimates and forecasts
Year-over-year growth is forecast to reach 5.87% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 434.69M. 15 analysts are of the opinion that Mobileye Global Inc’s revenue for the current quarter will be 432.49M. The company’s revenue for the corresponding quarters a year ago was 239M and 439M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 81.88%. The estimates for the next quarter sales put growth at -1.48%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -56.11%. The 2025 estimates are for Mobileye Global Inc earnings to increase by 19.51%, but the outlook for the next 5-year period is at 39.62% per year.
Mobileye Global Inc (NASDAQ:MBLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.65% of Mobileye Global Inc shares while 112.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 117.21%. There are 112.93% institutions holding the Mobileye Global Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-06-30, the company held 1.9602% of the shares, roughly 15.8 million MBLY shares worth $443.71 million.
NORGES BANK holds the second largest percentage of outstanding shares, with 1.1485% or 9.26 million shares worth $259.99 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were VANGUARD WORLD FUND-Vanguard International Growth Fund and John Hancock Variable Insurance Trust-Fundamental All Cap Core Trust . With 5.23 shares estimated at $68.82 million under it, the former controlled 5.22% of total outstanding shares. On the other hand, John Hancock Variable Insurance Trust-Fundamental All Cap Core Trust held about 2.19% of the shares, roughly 2.2 shares worth around $28.93 million.
