Mobileye Global Inc. (NASDAQ:MBLY) saw an upside of 2.64% to close Monday at $38.81 after adding $1.0 on the day. The 5-day average trading volume is 2,458,800 shares of the company’s common stock. It has gained $38.83 in the past week and touched a new high 2 times within the past 5 days. An average of 2,890,735 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,606,982.
MBLY’s 1-month performance is -4.43% or -$1.80 on its low of $36.45 reached on 08/04/23. The company’s shares have touched a 52-week low of $24.85 and high of $48.11. YTD, MBLY has achieved 10.70% or $3.75 and has reached a new high 9 times. However, the current price is down -19.33% from the 52-week high price.
Insider Transactions
MBLY stock investors last saw insider trading activity on Jul 31.INTEL CORP (10% Owner) most recently sold 38,500,000 shares at $40.84 per share on Jun 12. This transaction cost the insider $1,572,532,500.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.12 while the price-to-book (PB) in the most recent quarter is 2.10.
Mobileye Global Inc.’s quick ratio for the period ended June 29 was 3.50, with the current ratio over the same period at 4.00. In terms of profitability, the gross margin trailing 12 months is 49.20%. The trailing 12-month EBITDA margin is 28.36% while for the period ending June 29, Mobileye Global Inc.’s operating margin was -1.90%. The firm’s gross profit as reported stood at $922.0 million against revenue of $1.87 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 100.0% to -$79.0 million, while revenue of -$37.0 million was 53.16% off the previous quarter. Analysts expected MBLY to announce $0.12 per share in earnings in its latest quarter, but it posted $0.17, representing a 41.70% surprise. EBITDA for the quarter stood at more than $59.0 million. Shareholders hold equity totaling $51.91 million.
Let’s look briefly at Mobileye Global Inc. (MBLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 46.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.22%.
The stock’s 5-day moving average is $37.93, reflecting a +1.65% or $0.63 change from its current price. MBLY is currently trading -4.03% above its 20-day SMA, -7.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.89%.
Stochastic %K and %D was 17.82% and 12.60% and the average true range (ATR) pointed at 1.62. The RSI (14) points at 46.22%, while the 14-day stochastic is at 27.28% with the period’s ATR at 1.67. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -1.25 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for MBLY stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MBLY as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 17 have offered a “buy” rating.
What is MBLY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $34.00 and a high of $72.00, with their median price target at $47.50. Looking at these predictions, the average price target given by analysts is for Mobileye Global Inc. (MBLY) stock is $47.68.
