Mobileye Global (NASDAQ:MBLY) Sees Strong Trading Volume – Should You Buy?

Mobileye Global Inc. (NASDAQ:MBLY) shares saw unusually-high trading volume on Thursday . Approximately 5,575,253 shares were traded during 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Oppenheimer began coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Mizuho lifted their price objective on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a report on Wednesday, October 2nd. Finally, Evercore ISI cut their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Price Performance

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

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts predict that Mobileye Global Inc. will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Versant Capital Management Inc lifted its position in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its stake in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares in the last quarter. Quarry LP purchased a new position in shares of Mobileye Global during the third quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mobileye Global during the fourth quarter worth about $58,000. 13.25% of the stock is owned by institutional investors and hedge funds.

About Mobileye Global

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.