Mobileye Global Inc (MBLY): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Mobileye Releases Fourth-Quarter and Full-Year 2023 Results and Provides Business Overview.

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Stocks Info

This NASDAQ-listed company operates within the Auto Parts industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Mobileye Global Inc is $21.47B. A total of 2.09 million shares were traded on the day, compared to an average of 4.05M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MBLY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 1 SELLs from insiders. Insiders purchased 39,243,361 shares during that period but sold 38,500,000.

In the most recent transaction, Yeboah-Amankwah Safroadu bought 940 shares of MBLY for 25.68 per share on Feb 01. After the transaction, the Director now owns 48,459 company shares. In a previous transaction on Jan 29, GELSINGER PATRICK P bought 3,600 shares at 27.75 per share. MBLY shares that Director owns now total 129,095.

Among the insiders who bought shares, McCaskill Claire C. acquired of 27,819 shares on Oct 31 at a per-share price of $35.95. This resulted in the Director holding 27,819 shares of MBLY after the transaction. In another insider transaction, GELSINGER PATRICK P bought 2,845 shares at $35.18 per share on Oct 27. Company shares held by the Director now total 125,495.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MBLY in the last 3 months, the mean price target is $37.88 with high estimates of $58.00 and low estimates of $22.00. In terms of 52-week highs and lows, MBLY has a high of $48.11 and a low of $25.32.

As of this writing, MBLY has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.09. The company reported an EPS of $0.22 in the last quarter, which was 29.40% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MBLY’s latest balance sheet shows that the firm has $616.00M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $18.46, while its Total Shareholder’s Equity was $15.89B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MBLY is Buy with a score of 4.50.

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