As of Friday close, Mobileye Global Inc.’s (NASDAQ:MBLY) stock was down -$0.89, moving down -2.17 percent to $40.03. The average number of shares traded per day over the past five days has been 3,648,840 shares. 3 times new highs have been achieved over the past 5 days, with a $2.34 gain in that time frame. In the last twenty days, the average volume was 2,320,855, while in the previous 50 days, it was 2,461,466.
Since last month, MBLY stock rose 14.96%. Shares of the company fell to $33.93 on 08/28/23, the lowest level in the past month. Since the beginning of this year, MBLY’s stock price has risen by 14.18% or $4.97, and marked a new high 9 times. However, the stock has declined by -16.79% since its 52-week high.
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MBLY stock investors should be aware that Mobileye Global Inc. (MBLY) stock had its last reported insider trading activity 54 days ago on Jul 31. GELSINGER PATRICK P, the Director of the company, purchased of 2,650 shares for $37.88 on Jul 31. It resulted in a $100,391 investment by the insider. INTEL CORP sold 38,500,000 shares at an average price of $40.84 on Jun 12. The insider now owns 0 shares following the transaction. On Oct 28, CEO and President Shashua Amnon bought 476,191 shares at $21.00 apiece. The transaction was valued at $10,000,011.
Financial Health
In the three months ended June 30, Mobileye Global Inc.’s quick ratio stood at 3.80, while its current ratio was 4.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 49.20% percent. In the year ended June 30, EBITDA margin amounted to 28.36%, whereas operating margins totaled -6.00%. Based on annual data, MBLY earned $922.0 million in gross profit and brought in $1.87 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.60%. Return on equity (ROE) for the past 12 months was -0.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MBLY’s revenue rose 46.94% to $458.0 million during the quarter, while net income inched up to $454.0 million. While analysts expected Mobileye Global Inc. to report $0.12 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by 41.70%. During the quarter, the company generated $93.0 million in EBITDA. The liabilities of Mobileye Global Inc. were 630.0 million at the end of its most recent quarter ended June 30, and its total debt was $42.0 million. The value of shareholders’ equity is $94.16 million.
Technical Picture
This quick technical analysis looks at Mobileye Global Inc.’s (MBLY) price momentum. With a historical volatility rate of 34.39%, the RSI 9-day stood at 69.67% on 22 September.
With respect to its five-day moving average, the current Mobileye Global Inc. price is up by +6.21% percent or $2.34. At present, MBLY shares trade +17.29% above its 20-day simple moving average and +6.86% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.30% below its SMA50 and +27.08% above its SMA200.
Stochastic coefficient K was 80.85% and Stochastic coefficient D was 81.59%, while ATR was 1.68. Given the Stochastic reading of 72.31% for the 14-day period, the RSI (14) reading has been calculated as 64.57%. As of today, the MACD Oscillator reading stands at 2.36, while the 14-day reading stands at 2.99.
Analyst Ratings
UBS launched its rating on Mobileye Global Inc. (NASDAQ: MBLY) to a Buy in a note to investors on September 13, 2023. Mobileye Global Inc. (MBLY) has been rated Buy by analysts. According to 0 brokerage firms, MBLY is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Mobileye Global Inc. stock as buy, with 20 recommending it as overweight.
With a median target price of $48.00, the current consensus forecast for the stock is $34.00 – $72.00. Based on these forecasts, analysts predict Mobileye Global Inc. (MBLY) will achieve an average price target of $47.91.
