Mobileye Global Inc (NASDAQ: MBLY) Loses -72.28% From High. Why That Could Change?

Currently, there are 94.65M common shares owned by the public and among those 93.16M shares have been available to trade.

The company’s stock has a 5-day price change of -10.00% and -53.79% over the past three months. MBLY shares are trading -71.54% year to date (YTD), with the 12-month market performance down to -69.62% lower. It has a 12-month low price of $10.48 and touched a high of $44.48 over the same period. MBLY has an average intraday trading volume of 6.03 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 -0.04%, -12.74%, and -51.41% respectively.

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Institutional ownership of Mobileye Global Inc (NASDAQ: MBLY) shares accounts for 13.78% of the company’s 94.65M shares outstanding.

It has a market capitalization of $10.00B and a beta (3y monthly) value of 0.09. The earnings-per-share (ttm) stands at -$0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.75% over the week and 6.77% over the month.

Earnings per share for the fiscal year are expected to decrease by -71.49%, and 110.89% over the next financial year. EPS should shrink at an annualized rate of -3.60% 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. JP Morgan stated their Underweight rating for the stock in a research note on Oct-08-24, with the firm’s price target at $16-$10. UBS coverage for the Mobileye Global Inc (MBLY) stock in a research note released on October 04, 2024 offered a Neutral rating with a price target of $14. Exane BNP Paribas was of a view on October 02, 2024 that the stock is Underperform, while Deutsche Bank gave the stock Hold rating on September 10, 2024, issuing a price target of $15. Wolfe Research on their part issued Peer Perform rating on September 05, 2024.

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