Stocks of Mobileye Global Inc (NASDAQ:MBLY) traded higher last session on Wall Street, down -0.36% to $16.76.
MBLY stock price is now 24.25% away from the 50-day moving average and -24.98% away from the 200-day moving average. The market capitalization of the company currently stands at $13.59B.
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On November 01, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $15 to quote $19, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, GELSINGER PATRICK P, Director bought 6,750 shares of the company’s stock on Nov 04 ’24. The stock was bought for $100,848 at an average price of $14.94. Upon completion of the transaction, the Director now directly owns 139,456 shares in the company, valued at $2.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, Director GELSINGER PATRICK P bought 6,400 shares of the business’s stock. A total of $99,045 was incurred on buying the stock at an average price of $15.48. This leaves the insider owning 139,106 shares of the company worth $2.33 million. A total of 88.56% 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 4.54. The fifty day moving average price for MBLY is $13.37 and a two-hundred day moving average price translates $22.39035 for the stock.
The latest earnings results from Mobileye Global Inc (NASDAQ: MBLY) was released for 2024-09-28. The net profit margin was -164.13% and return on equity was -21.94% for MBLY. The company reported revenue of $486.0 million for the quarter, compared to $530.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.3 percent.
