Mobileye Global Inc. (NASDAQ:MBLY – Get Rating) reached a new 52-week high during trading on Wednesday . The company traded as high as $39.50 and last traded at $39.05, with a volume of 324580 shares. The stock had previously closed at $38.60.
Analysts Set New Price Targets
MBLY has been the topic of a number of research analyst reports. Bank of America initiated coverage on Mobileye Global in a report on Monday, November 21st. They issued a "neutral" rating and a $34.00 price target on the stock. Tigress Financial upped their price objective on Mobileye Global from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday. Robert W. Baird upped their price objective on Mobileye Global from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, December 8th. Wolfe Research started coverage on Mobileye Global in a report on Monday, November 21st. They set a "peer perform" rating on the stock. Finally, Raymond James started coverage on Mobileye Global in a report on Monday, November 21st. They set a "strong-buy" rating and a $50.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global presently has an average rating of "Moderate Buy" and an average target price of $41.94.
Get Mobileye Global alerts:Mobileye Global Stock Up 2.8 %
The stock's 50-day simple moving average is $33.51.
Mobileye Global (NASDAQ:MBLY – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $565.00 million during the quarter, compared to the consensus estimate of $535.30 million. The firm's revenue was up 58.7% on a year-over-year basis. On average, equities analysts predict that Mobileye Global Inc. will post 0.67 earnings per share for the current year.Hedge Funds Weigh In On Mobileye Global
Several hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mobileye Global in the 4th quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Mobileye Global during the 4th quarter worth $79,000. Private Trust Co. NA bought a new position in shares of Mobileye Global during the 4th quarter worth $140,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mobileye Global during the 4th quarter worth $146,000. Finally, SG Americas Securities LLC bought a new position in shares of Mobileye Global during the 4th quarter worth $290,000. Institutional investors own 1.38% of the company's stock.
About Mobileye Global
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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.
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