Mobileye Global Inc (NASDAQ:MBLY) price on current trading day, rose 6.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.11.
A look at the stock’s price movement, the level at last check in today’s session was $17.08, moving within a range at $17.84 and $18.79. The beta value (5-Year monthly) was 0.059. Turning to its 52-week performance, $44.48 and $10.48 were the 52-week high and 52-week low respectively. Overall, MBLY moved 18.91% over the past month.
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Mobileye Global Inc’s market cap currently stands at around $14.69 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 485.17M for the company’s revenue for the quarter, with a low and high estimate of 454M and 620.19M respectively. The average forecast suggests down to a -23.84% 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 1.64B, representing a -21.11% 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 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 11 recommend MBLY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MBLY’s current price about 5.69% and 22.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.66, while 7-day volatility ratio is 6.29% and 6.07% in the 30-day chart. Further, Mobileye Global Inc (MBLY) has a beta value of 0.44, and an average true range (ATR) of 1.11. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $11 and high of $32. Looking at the price targets, the low is 39.26% off recent price level in today’s trading while to achieve the yearly target high, it has to move -76.7%. Nonetheless, investors will most likely welcome a -10.44% jump to $20 which is the analysts’ median price.
If we refocus on Mobileye Global Inc (NASDAQ:MBLY), historical trading data shows that trading volumes averaged 4.93 over the past 10 days and 6.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 99.55 million shares.
The 88.56% of Mobileye Global Inc’s shares are in the hands of company insiders while institutional holders own 11.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 21.69 million on 2024-11-15, giving us a short ratio of 3.11. The data shows that as of 2024-11-15 short interest in Mobileye Global Inc (MBLY) stood at 3023.0 of shares outstanding, with shares short rising to 20.62 million registered in 2024-10-15. Current price change has pushed the stock -58.19% 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.
