Mobileye Global Inc (MBLY) Beta Value: Understanding the Market Risk

The 36-month beta value for MBLY is also noteworthy at -0.20. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for MBLY is 92.49M, and at present, short sellers hold a 20.05% of that float. The average trading volume of MBLY on April 03, 2024 was 5.22M shares.

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MBLY) stock’s latest price update

The stock price of Mobileye Global Inc (NASDAQ: MBLY) has surged by 1.90 when compared to previous closing price of 32.10, but the company has seen a 4.87% gain in its stock price over the last five trading sessions. MarketBeat reported 2024-03-26 that Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week highs.

MBLY’s Market Performance

Mobileye Global Inc (MBLY) has seen a 4.87% rise in stock performance for the week, with a 20.92% gain in the past month and a -24.49% plunge in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 4.78% for MBLY. The simple moving average for the past 20 days is 11.66% for MBLY’s stock, with a -8.17% simple moving average for the past 200 days.

Analysts’ Opinion of MBLY

Many brokerage firms have already submitted their reports for MBLY stocks, with Piper Sandler repeating the rating for MBLY by listing it as a “Neutral.” The predicted price for MBLY in the upcoming period, according to Piper Sandler is $31 based on the research report published on March 15, 2024 of the current year 2024.

TD Cowen, on the other hand, stated in their research note that they expect to see MBLY reach a price target of $35, previously predicting the price at $38. The rating they have provided for MBLY stocks is “Outperform” according to the report published on January 26th, 2024.

MBLY Trading at 18.44% from the 50-Day Moving Average

After a stumble in the market that brought MBLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.01% of loss for the given period.

Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares surge +26.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.42% upper at present.

During the last 5 trading sessions, MBLY rose by +4.87%, which changed the moving average for the period of 200-days by -19.75% in comparison to the 20-day moving average, which settled at $29.64. In addition, Mobileye Global Inc saw -24.49% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MBLY starting from Yeboah-Amankwah Safroadu, who purchase 940 shares at the price of $25.68 back on Feb 01 ’24. After this action, Yeboah-Amankwah Safroadu now owns 48,459 shares of Mobileye Global Inc, valued at $24,138 using the latest closing price.

GELSINGER PATRICK P, the Director of Mobileye Global Inc, purchase 3,600 shares at $27.75 during a trade that took place back on Jan 29 ’24, which means that GELSINGER PATRICK P is holding 129,095 shares at $99,915 based on the most recent closing price.

Stock Fundamentals for MBLY

Current profitability levels for the company are sitting at:

  • -0.02 for the present operating margin
  • 0.5 for the gross margin

The net margin for Mobileye Global Inc stands at -0.01. The total capital return value is set at -0.0. Equity return is now at value -0.18, with -0.17 for asset returns.

Based on Mobileye Global Inc (MBLY), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 32.43.

Currently, EBITDA for the company is 480.0 million with net debt to EBITDA at -2.3. When we switch over and look at the enterprise to sales, we see a ratio of 12.13. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.13.

Conclusion

In summary, Mobileye Global Inc (MBLY) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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