Mobileye Global Inc. Class A Common Stock (MBLY) Shares: Cheap or Risky?

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Mobileye Global Inc. Class A Common Stock (NASDAQ:MBLY) saw a downside of -2.12% to $34.48 after subtracting -$0.75 on Tuesday. The 5-day average trading volume is 1,911,374 shares of the company’s common stock. It has gained $36.62 in the past week and touched a new high 3 times within the past 5 days. An average of 2,202,903 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,973,505.

MBLY’s 1-month performance is 4.48% or $0.56 on its low of $28.73 reached on 01/06/23. The company’s shares have touched a 52-week low of $24.85 and high of $37.31. However, the current price is down -7.58% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.19 while the price-to-book (PB) in the most recent quarter is 2.51.

Mobileye Global Inc. Class A Common Stock’s quick ratio for the period ended September 29 was 0.40, with the current ratio over the same period at 0.50. In terms of profitability, the gross margin trailing 12 months is 46.70%.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income grew 100.0% to -$45.0 million, while revenue of $68.45 million was 252.11% off the previous quarter. Analysts expected MBLY to announce $0.12 per share in earnings in its latest quarter, but it posted $0.15, representing a 25.00% surprise. EBITDA for the quarter stood at more than -$25.0 million. Shareholders hold equity totaling $51.91 million.

Let’s look briefly at Mobileye Global Inc. Class A Common Stock (MBLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 56.00% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.23%.

The stock’s 5-day moving average is $34.06, reflecting a +9.49% or $2.99 change from its current price. MBLY is currently trading +1.96% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by +33.43%.

Stochastic %K and %D was 76.68% and 69.11% and the average true range (ATR) pointed at 2.36. The RSI (14) points at 54.94%, while the 14-day stochastic is at 73.71% with the period’s ATR at 2.39. The stock’s 9-day MACD Oscillator is pointing at 1.12 and 1.71 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Mobileye Global Inc. Class A Common Stock (NASDAQ: MBLY), Deutsche Bank launched coverage with a Buy rating.

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