Mobileye Global (NASDAQ:MBLY) Sets New 52-Week Low Following Analyst Downgrade

Shares of Mobileye Global Inc. (NASDAQ:MBLYGet Free Report) hit a new 52-week low on Tuesday after Barclays lowered their price target on the stock from $16.00 to $14.00. Barclays currently has an overweight rating on the stock. Mobileye Global traded as low as $6.47 and last traded at $6.56, with a volume of 5964766 shares. The stock had previously closed at $6.73.

MBLY has been the subject of a number of other research reports. Piper Sandler dropped their target price on shares of Mobileye Global from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. 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 report on Tuesday, January 27th. Canaccord Genuity Group decreased their price objective on shares of Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. HSBC raised shares of Mobileye Global to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Morgan Stanley cut their target price on shares of Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.48.

View Our Latest Stock Analysis on MBLY

Key Headlines Impacting Mobileye Global

Here are the key news stories impacting Mobileye Global this week:

Institutional Trading of Mobileye Global

Large investors have recently bought and sold shares of the company. Intel Corp acquired a new stake in Mobileye Global during the 3rd quarter valued at $706,000,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mobileye Global in the 3rd quarter worth $40,670,000. Ion Asset Management Ltd. acquired a new position in Mobileye Global in the 3rd quarter worth $3,389,000. JPMorgan Chase & Co. boosted its position in Mobileye Global by 57.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 686,976 shares of the company’s stock valued at $9,700,000 after buying an additional 251,072 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Mobileye Global in the 3rd quarter valued at about $2,470,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Up 7.6%

The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of -15.08 and a beta of 0.75. The firm has a 50 day moving average price of $8.46 and a two-hundred day moving average price of $11.06.

Mobileye Global (NASDAQ:MBLYGet Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The firm had revenue of $446.00 million during the quarter, compared to the consensus estimate of $430.69 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. Mobileye Global’s revenue for the quarter was down 9.0% on a year-over-year basis. Analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Mobileye Global Company Profile

(Get Free Report)

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.

Further Reading

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