Market Insight: Mobileye Global Inc (MBLY)’s Notable Drop, Closing at 28.67

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In the latest session, Mobileye Global Inc (NASDAQ: MBLY) closed at $28.67 down -1.48% from its previous closing price of $29.10. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 1.37 million shares were traded. MBLY stock price reached its highest trading level at $29.25 during the session, while it also had its lowest trading level at $28.27.

Ratios:

For a deeper understanding of Mobileye Global Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 145.73. For the most recent quarter (mrq), Quick Ratio is recorded 4.48 and its Current Ratio is at 5.87. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on April 26, 2024, Reiterated its Buy rating but revised its target price to $37 from $35 previously.

On April 26, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $26 to $25.

Wolfe Research Upgraded its Peer Perform to Outperform on April 12, 2024, while the target price for the stock was maintained at $41.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 01 ’24 when GELSINGER PATRICK P bought 1,611 shares for $28.17 per share. The transaction valued at 45,378 led to the insider holds 132,706 shares of the business.

GELSINGER PATRICK P bought 2,000 shares of MBLY for $55,060 on Apr 29 ’24. The Director now owns 131,095 shares after completing the transaction at $27.53 per share. On Feb 01 ’24, another insider, Yeboah-Amankwah Safroadu, who serves as the Director of the company, bought 940 shares for $25.68 each. As a result, the insider paid 24,138 and bolstered with 48,459 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MBLY now has a Market Capitalization of 23114641408 and an Enterprise Value of 22231599104. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.43 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 11.952 whereas that against EBITDA is -226.853.

Stock Price History:

Over the past 52 weeks, MBLY has reached a high of $47.41, while it has fallen to a 52-week low of $23.49. The 50-Day Moving Average of the stock is -3.49%, while the 200-Day Moving Average is calculated to be -16.67%.

Shares Statistics:

For the past three months, MBLY has traded an average of 3.36M shares per day and 3497120 over the past ten days. A total of 94.65M shares are outstanding, with a floating share count of 92.48M. Insiders hold about 88.53% of the company’s shares, while institutions hold 14.75% stake in the company. Shares short for MBLY as of 1713139200 were 21825961 with a Short Ratio of 6.49, compared to 1710460800 on 18544695. Therefore, it implies a Short% of Shares Outstanding of 21825961 and a Short% of Float of 32.599998.

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