The stock of Mobileye Global Inc (MBLY) has gone down by -12.71% for the week, with a -25.27% drop in the past month and a -28.29% drop in the past quarter. The volatility ratio for the week is 4.30%, and the volatility levels for the past 30 days are 4.35% for MBLY. The simple moving average for the last 20 days is -18.96% for MBLY stock, with a simple moving average of -33.33% for the last 200 days.
Is It Worth Investing in Mobileye Global Inc (NASDAQ: MBLY) Right Now?
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.”
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The public float for MBLY is 87.96M, and at present, short sellers hold a 17.50% of that float. The average trading volume of MBLY on July 29, 2024 was 3.57M shares.
MBLY) stock’s latest price update
Mobileye Global Inc (NASDAQ: MBLY)’s stock price has decreased by -1.32 compared to its previous closing price of 21.22. However, the company has seen a -12.71% decrease in its stock price over the last five trading sessions. fool.com reported 2024-07-18 that One estimate calls for artificial intelligence (AI) to add more than $15 trillion to the global economy by 2030. Certain Wall Street analysts are forecasting 55% to 100% upside over the next 12 months for three top-tier AI stocks.
Analysts’ Opinion of MBLY
Many brokerage firms have already submitted their reports for MBLY stocks, with TD Cowen repeating the rating for MBLY by listing it as a “Buy.” The predicted price for MBLY in the upcoming period, according to TD Cowen is $37 based on the research report published on April 26, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MBLY reach a price target of $25, previously predicting the price at $26. The rating they have provided for MBLY stocks is “Underweight” according to the report published on April 26th, 2024.
Wolfe Research gave a rating of “Outperform” to MBLY, setting the target price at $41 in the report published on April 12th of the current year.
MBLY Trading at -22.14% 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 -52.92% of loss for the given period.
Volatility was left at 4.35%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares sank -24.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.81% lower at present.
During the last 5 trading sessions, MBLY fell by -11.80%, which changed the moving average for the period of 200-days by -46.82% in comparison to the 20-day moving average, which settled at $25.49. In addition, Mobileye Global Inc saw -51.66% 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 GELSINGER PATRICK P, who purchase 1,611 shares at the price of $28.17 back on May 01 ’24. After this action, GELSINGER PATRICK P now owns 132,706 shares of Mobileye Global Inc, valued at $45,378 using the latest closing price.
GELSINGER PATRICK P, the Director of Mobileye Global Inc, purchase 2,000 shares at $27.53 during a trade that took place back on Apr 29 ’24, which means that GELSINGER PATRICK P is holding 131,095 shares at $55,060 based on the most recent closing price.
Stock Fundamentals for MBLY
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.48 for the gross margin
The net margin for Mobileye Global Inc stands at -0.09. The total capital return value is set at -0.01. Equity return is now at value -1.12, with -1.08 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 5.06. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -23.75.
Currently, EBITDA for the company is 480.0 million with net debt to EBITDA at -3.53. When we switch over and look at the enterprise to sales, we see a ratio of 8.39. The receivables turnover for the company is 15.5for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.87.
Conclusion
In summary, Mobileye Global Inc (MBLY) has had a bad 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.
