Stocks of Mobileye Global Inc (NASDAQ:MBLY) traded higher last session on Wall Street, up 5.63% to $27.40.
MBLY stock price is now -6.70% away from the 50-day moving average and -17.75% away from the 200-day moving average. The market capitalization of the company currently stands at $22.10B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $35 to $37, TD Cowen maintained Buy rating for Mobileye Global Inc (NASDAQ: MBLY). On April 26, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $26 to quote $25, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, GELSINGER PATRICK P, Director bought 1,611 shares of the company’s stock on May 01 ’24. The stock was bought for $45,378 at an average price of $28.17. Upon completion of the transaction, the Director now directly owns 132,706 shares in the company, valued at $3.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’24, Director GELSINGER PATRICK P bought 2,000 shares of the business’s stock. A total of $55,060 was incurred on buying the stock at an average price of $27.53. This leaves the insider owning 131,095 shares of the company worth $3.59 million. A total of 88.63% of the company’s stock is owned by insiders.
During the past 12 months, Mobileye Global Inc has had a low of $23.49 and a high of $46.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.87, and a quick ratio of 4.48. The fifty day moving average price for MBLY is $29.2884 and a two-hundred day moving average price translates $33.2762 for the stock.
The latest earnings results from Mobileye Global Inc (NASDAQ: MBLY) was released for 2024-03-30. The net profit margin was -8.92% and return on equity was -1.12% for MBLY. The company reported revenue of $239.0 million for the quarter, compared to $458.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -47.82 percent.
