Mobileye Global Inc. (NASDAQ:MBLY) Sees Significant Decline in Short Interest

Mobileye Global Inc. (NASDAQ:MBLY) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 22,260,000 shares, a decline of 16.5% from the March 31st total of 26,660,000 shares. Currently, 23.9% of the company’s shares are short sold. Based on an average trading volume of 4,620,000 shares, the short-interest ratio is presently 4.8 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MBLY. StockNews.com raised shares of Mobileye Global to a “sell” rating in a research note on Tuesday, April 29th. UBS Group cut their target price on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Oppenheimer began coverage on Mobileye Global in a report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective for the company. Barclays reiterated an “equal weight” rating and issued a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. Finally, Robert W. Baird boosted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and an average target price of $18.63.

Mobileye Global Price Performance

Shares of MBLY stock opened at $14.61 on Friday. The company has a market cap of $11.86 billion, a P/E ratio of -3.82, a PEG ratio of 69.54 and a beta of 0.39. The stock’s 50-day moving average is $14.35 and its 200 day moving average is $15.96. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Mobileye Global’s revenue was up 83.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. On average, analysts anticipate that Mobileye Global will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

A number of institutional investors have recently made changes to their positions in MBLY. Parkside Financial Bank & Trust boosted its holdings in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Mobileye Global by 4.6% in the 1st quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company’s stock valued at $301,000 after purchasing an additional 914 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares in the last quarter. Versant Capital Management Inc grew its position in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after purchasing an additional 1,147 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

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.