Mobileye Global (NASDAQ:MBLY) Reaches New 52-Week Low at $20.92

Shares of Mobileye Global Inc. (NASDAQ:MBLY) hit a new 52-week low on Monday . The company traded as low as $20.92 and last traded at $21.06, with a volume of 261670 shares trading hands. The stock had previously closed at $21.22.

Analysts Set New Price Targets

A number of research firms have issued reports on MBLY. TD Cowen increased their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. HSBC assumed coverage on Mobileye Global in a research note on Monday, July 15th. They issued a “buy” rating and a $33.00 price objective on the stock. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, April 12th. UBS Group decreased their price objective on Mobileye Global from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Hsbc Global Res upgraded shares of Mobileye Global to a “strong-buy” rating in a research note on Monday, July 15th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.44.

Mobileye Global Trading Down 1.2 %

The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of -101.04, a price-to-earnings-growth ratio of 33.00 and a beta of 0.07. The company’s 50 day moving average is $26.76 and its 200 day moving average is $28.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. The firm had revenue of $239.00 million for the quarter, compared to analysts’ expectations of $226.60 million. Analysts anticipate that Mobileye Global Inc. will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Patrick P. Gelsinger acquired 1,611 shares of Mobileye Global stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the purchase, the director now owns 132,706 shares in the company, valued at $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in shares of Mobileye Global during the fourth quarter worth about $28,000. Register Financial Advisors LLC purchased a new position in shares of Mobileye Global in the 1st quarter valued at approximately $32,000. National Bank of Canada FI increased its holdings in shares of Mobileye Global by 90.0% in the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after purchasing an additional 675 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Mobileye Global by 33.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after purchasing an additional 400 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth $77,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.