Reviewing The Case For Mobileye Global Inc (MBLY) Going Higher

Currently, there are 94.65M common shares owned by the public and among those 92.77M shares have been available to trade.

The company’s stock has a 5-day price change of 6.92% and 32.64% over the past three months. MBLY shares are trading -58.63% year to date (YTD), with the 12-month market performance down to -57.99% 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 6.78 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 10.84%, 26.65%, and -18.93% respectively.

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Institutional ownership of Mobileye Global Inc (NASDAQ: MBLY) shares accounts for 11.39% of the company’s 94.65M shares outstanding.

It has a market capitalization of $14.53B and a beta (3y monthly) value of 0.39. The earnings-per-share (ttm) stands at -$3.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.42% over the week and 7.00% over the month.

Earnings per share for the fiscal year are expected to decrease by -72.20%, and 82.70% over the next financial year. EPS should shrink at an annualized rate of -8.70% 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. Loop Capital stated their Buy rating for the stock in a research note on November 12, 2024, with the firm’s price target at $20. TD Cowen coverage for the Mobileye Global Inc (MBLY) stock in a research note released on November 01, 2024 offered a Buy rating with a price target of $19. RBC Capital Mkts was of a view on October 15, 2024 that the stock is Sector Perform, while Mizuho gave the stock Neutral rating on October 11, 2024, issuing a price target of $30- $13. JP Morgan on their part issued Underweight rating on October 07, 2024.

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