Mobileye Global (NASDAQ:MBLY) Sees Strong Trading Volume – Still a Buy?

Mobileye Global Inc. (NASDAQ:MBLY) saw an uptick in trading volume on Thursday . 5,575,253 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 7,527,674 shares.The stock last traded at $15.90 and had previously closed at $16.01.

Analyst Ratings Changes

MBLY has been the topic of a number of research reports. TD Cowen raised their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital boosted their target price on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Mizuho increased their price target on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.20.

Mobileye Global Trading Up 2.0 %

The firm’s 50-day simple moving average is $17.82 and its two-hundred day simple moving average is $16.09. The stock has a market capitalization of $13.24 billion, a PE ratio of -4.47, a PEG ratio of 11.65 and a beta of 0.30.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. As a group, research analysts expect that Mobileye Global Inc. will post -0.05 earnings per share for the current year.

Institutional Trading of Mobileye Global

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in Mobileye Global by 35.7% in the 4th quarter. Van ECK Associates Corp now owns 21,274 shares of the company’s stock worth $424,000 after buying an additional 5,597 shares in the last quarter. Robocap Asset Management Ltd raised its holdings in shares of Mobileye Global by 28.2% during the fourth quarter. Robocap Asset Management Ltd now owns 124,467 shares of the company’s stock worth $2,479,000 after acquiring an additional 27,416 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Mobileye Global by 2,124.2% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 167,084 shares of the company’s stock valued at $3,328,000 after purchasing an additional 159,572 shares during the last quarter. Financial Advocates Investment Management purchased a new position in Mobileye Global in the fourth quarter valued at about $428,000. Finally, Y.D. More Investments Ltd raised its stake in shares of Mobileye Global by 117.3% during the 4th quarter. Y.D. More Investments Ltd now owns 77,150 shares of the company’s stock worth $1,537,000 after purchasing an additional 41,650 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.