Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) has received a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.7727.
A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Arete Research cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price target on the stock. in a research note on Tuesday, January 27th. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Barclays dropped their price target on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Finally, Mizuho upped their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th.
Check Out Our Latest Stock Analysis on Mobileye Global
Hedge Funds Weigh In On Mobileye Global
Mobileye Global Price Performance
Shares of Mobileye Global stock opened at $10.18 on Tuesday. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of -2.02 and a beta of 1.06. The firm’s 50-day moving average is $8.28 and its 200 day moving average is $9.62. Mobileye Global has a 1 year low of $6.47 and a 1 year high of $20.18.
Mobileye Global (NASDAQ:MBLY – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. Mobileye Global’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts expect that Mobileye Global will post -0.07 EPS for the current fiscal year.
Mobileye Global declared that its Board of Directors has authorized a share buyback program on Thursday, April 23rd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Mobileye Global Company Profile
Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.
Founded in 1999 by Prof.
Featured Stories
- Five stocks we like better than Mobileye Global
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.
