Mobileye Global Inc (NASDAQ:MBLY) price on Thursday, February 27, fall -1.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.15.
A look at the stock’s price movement, the close in the last trading session was $16.42. Turning to its 52-week performance, $34.00 and $10.48 were the 52-week high and 52-week low respectively. Overall, MBLY moved -3.35% over the past month.
Mobileye Global Inc’s market cap currently stands at around $13.11 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 434.63M for the company’s revenue for the quarter, with a low and high estimate of 425M and 441M respectively. The average forecast suggests up to a 81.85% 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 1.76B, representing a 6.27% jump 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% Sell. On the other hand, the stock is on average a Hold 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 -4.22% and -7.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.31, while 7-day volatility ratio is 7.23% and 6.49% in the 30-day chart. Further, Mobileye Global Inc (MBLY) has a beta value of 0.24, and an average true range (ATR) of 1.19. Analysts have given the company’s stock an average 52-week price target of $19.5, forecast between a low of $11 and high of $30. Looking at the price targets, the low is 31.89% off current price level while to achieve the yearly target high, price needs to move -85.76%. Nonetheless, investors will most likely welcome a -20.74% jump to $19.5 which is the analysts’ median price.
If we refocus on Mobileye Global Inc (NASDAQ:MBLY), historical trading data shows that trading volumes averaged 6.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 100.23 million shares.
The 88.59% of Mobileye Global Inc’s shares are in the hands of company insiders while institutional holders own 12.32% of the company’s shares. Current price change has pushed the stock -18.93% 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.
