Mobileye Global (NASDAQ:MBLY) Sets New 1-Year Low – Should You Sell?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.56 and last traded at $11.6560, with a volume of 323165 shares. The stock had previously closed at $11.83.

Analysts Set New Price Targets

MBLY has been the subject of a number of research analyst reports. Robert W. Baird dropped their target price on shares of Mobileye Global from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. Canaccord Genuity Group increased their price objective on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. The Goldman Sachs Group cut their target price on shares of Mobileye Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Royal Bank Of Canada upped their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.94.

Mobileye Global Price Performance

The stock has a 50-day moving average price of $13.91 and a 200-day moving average price of $15.02. The firm has a market capitalization of $9.44 billion, a PE ratio of -27.54, a price-to-earnings-growth ratio of 7.68 and a beta of 0.51.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The firm had revenue of $504.00 million during the quarter, compared to analyst estimates of $479.93 million. During the same quarter last year, the firm earned $0.10 EPS. Mobileye Global’s quarterly revenue was up 3.7% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MBLY. Rhumbline Advisers bought a new stake in shares of Mobileye Global in the 1st quarter worth about $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Mobileye Global in the second quarter worth about $31,000. Brown Brothers Harriman & Co. grew its stake in Mobileye Global by 8,500.0% in the third quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after purchasing an additional 3,145 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Mobileye Global by 464.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after buying an additional 2,705 shares during the last quarter. Finally, Quarry LP acquired a new stake in Mobileye Global during the third quarter valued at approximately $60,000. 13.25% of the stock is currently owned by institutional investors.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising 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 navigation and assisted driving 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.