The price of Mobileye Global Inc (NASDAQ:MBLY) shares last traded on Wall Street fell -0.48% to $12.51.
MBLY stock price is now -3.31% away from the 50-day moving average and -46.78% away from the 200-day moving average. The market capitalization of the company currently stands at $10.15B.
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With the price target reduced from $24 to $11, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Mobileye Global Inc (NASDAQ: MBLY). On October 11, 2024, Mizuho Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $30 to quote $13, while ‘JP Morgan’ rates the stock as ‘Underweight’
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 $1.74 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 $51.04 million. A total of 88.51% of the company’s stock is owned by insiders.
During the past 12 months, Mobileye Global Inc has had a low of $10.48 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 $12.9378 and a two-hundred day moving average price translates $23.50465 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.
