Mobileye Global Inc (NASDAQ: MBLY) Is Getting Increasingly Hard To Ignore

Currently, there are 94.65M common shares owned by the public and among those 87.96M shares have been available to trade.

The company’s stock has a 5-day price change of -13.63% and -22.61% over the past three months. MBLY shares are trading -46.19% year to date (YTD), with the 12-month market performance down to -42.64% lower. It has a 12-month low price of $23.49 and touched a high of $44.48 over the same period. MBLY has an average intraday trading volume of 3.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.32%, -14.85%, and -26.65% respectively.

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Institutional ownership of Mobileye Global Inc (NASDAQ: MBLY) shares accounts for 14.49% of the company’s 94.65M shares outstanding.

It has a market capitalization of $18.80B and a beta (3y monthly) value of 0.06. The earnings-per-share (ttm) stands at -$0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.03% over the week and 4.58% over the month.

Earnings per share for the fiscal year are expected to decrease by -53.25%, and 97.42% over the next financial year. EPS should shrink at an annualized rate of 17.73% over the next five years, compared to 46.60% over the past 5-year period.

Looking at the support for the MBLY, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on April 26, 2024, with the firm’s price target at $35-$37. Morgan Stanley coverage for the Mobileye Global Inc (MBLY) stock in a research note released on April 26, 2024 offered a Underweight rating with a price target of $25. Wolfe Research was of a view on April 12, 2024 that the stock is Outperform, while Piper Sandler gave the stock Neutral rating on March 15, 2024, issuing a price target of $31. TD Cowen on their part issued Outperform rating on January 26, 2024.

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