Mobileye Global Inc. (NASDAQ:MBLY) finished Friday with an addition of $0.45 to close at $34.58, an upside of 1.32 percent. An average of 2,800,900 shares of common stock have been traded in the last five days. There was a fall of -$0.46 in the past week. The last 20 days have seen an average of 2,430,895 shares traded, while the 50-day average volume stands at 2,794,144.
MBLY stock has decreased by -9.02% in the last month. The company shares reached their 1-month lowest point of $34.01 on 08/22/23. Shares of the company touched a low of $24.85 and a high of $48.11 in 52 weeks. It has reached a new high 9 times so far this year and lost -1.37% or -$0.48 in price. In spite of this, the price is down -28.12% from the 52-week high.
Insider Transactions
MBLY stock investors should be aware that Mobileye Global Inc. (MBLY) stock had its last reported insider trading activity 75 days ago on Jul 31.
Valuation Metrics
Mobileye Global Inc. (MBLY) has a trailing price-to-sales (P/S) ratio at 14.76, the price-to-book (PB) ratio at 1.88, and the price-to-cash flow ratio at 72.18.
Financial Health
The quick ratio of Mobileye Global Inc. for the three months ended June 29 was 3.80, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Mobileye Global Inc.’s EBITDA margin for the year ending June 29 is 28.36%, while its operating margin for the same period stands at -6.00%. Its gross profit as reported stood at $922.0 million compared to revenue of $1.87 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mobileye Global Inc.’s return on assets was -0.80%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$28.0 million in the quarter, while revenues were grew 344.46%. The analyst consensus anticipated Mobileye Global Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.17, a 41.70% surprise. For the quarter, EBITDA amounted to $93.0 million. Shareholders own equity worth $94.16 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mobileye Global Inc. (MBLY) price momentum. RSI 9-day as of the close on 25 August was 27.39%, suggesting the stock is oversold, with historical volatility in this time frame at 21.63%.
As of today, MBLY’s price is $34.58 -1.31% or -$0.46 from its 5-day moving average. MBLY is currently trading -8.19% lower than its 20-day SMA and -20.30% lower than its 100-day SMA. However, the stock’s current price level is -15.16% below the SMA50 and +33.57% above the SMA200.
The stochastic %K and %D were 9.54% and 11.09%, respectively, and the average true range (ATR) was 1.42. With the 14-day stochastic at 10.88% and the average true range at 1.46, the RSI (14) stands at 31.59%. The stock has reached -0.88 on the 9-day MACD Oscillator while the 14-day reading was at -1.98.
Analyst Ratings
The consensus rating for Mobileye Global Inc. (MBLY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MBLY, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 17 others rate it as a “buy”.
What is MBLY’s price target for the next 12 months?
Analysts predict a range of price targets between $34.00 and $72.00, with a median target of $48.00. Taking a look at these predictions, the average price target given by analysts for Mobileye Global Inc. (MBLY) stock is $47.90.
