Mobileye Global Inc (NASDAQ:MBLY) price on Thursday, August 01, fall -20.15% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.77.
A look at the stock’s price movement, the level at last check in today’s session was $21.00. Turning to its 52-week performance, $44.48 and $19.65 were the 52-week high and 52-week low respectively. Overall, MBLY moved -39.88% over the past month.
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Mobileye Global Inc’s market cap currently stands at around $13.52 billion.
Analysts have a consensus estimate of 424.8M for the company’s revenue for the quarter, with a low and high estimate of 412.54M and 443.9M respectively. The average forecast suggests down to a -6.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.87B, representing a -10.00% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MBLY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
MBLY’s current price about -32.25% and -36.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 20.17, while 7-day volatility ratio is 4.44% and 4.46% in the 30-day chart. Further, Mobileye Global Inc (MBLY) has a beta value of 0.11, and an average true range (ATR) of 1.50.
If we refocus on Mobileye Global Inc (NASDAQ:MBLY), historical trading data shows that trading volumes averaged 3.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 94.65 million shares.
The 89.09% of Mobileye Global Inc’s shares are in the hands of company insiders while institutional holders own 14.59% of the company’s shares. Current price change has pushed the stock -61.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MBLY stock continues to rise going into the next quarter.
