Mobileye Global Inc (NASDAQ:MBLY) shares traded -6.20% lower at $13.92 on Wall Street last session.
MBLY stock price is now -42.90% away from the 50-day moving average and -53.99% away from the 200-day moving average. The market capitalization of the company currently stands at $11.29B.
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With the price target maintained at $17, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Mobileye Global Inc (NASDAQ: MBLY). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, GELSINGER PATRICK P, Director bought 6,400 shares of the company’s stock on Aug 05 ’24. The stock was bought for $99,045 at an average price of $15.48. Upon completion of the transaction, the Director now directly owns 139,106 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, CEO and President Shashua Amnon bought 631,963 shares of the business’s stock. A total of $10,434,093 was incurred on buying the stock at an average price of $16.51. This leaves the insider owning 4,080,097 shares of the company worth $56.79 million. A total of 88.71% of the company’s stock is owned by insiders.
During the past 12 months, Mobileye Global Inc has had a low of $14.32 and a high of $44.48. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.80, and a quick ratio of 4.40. The fifty day moving average price for MBLY is $24.1284 and a two-hundred day moving average price translates $30.14295 for the stock.
The latest earnings results from Mobileye Global Inc (NASDAQ: MBLY) was released for 2024-06-29. The net profit margin was -12.14% and return on equity was -1.52% for MBLY. The company reported revenue of $439.0 million for the quarter, compared to $454.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.3 percent.
