Mobileye Global Inc (MBLY) stock expected to rise by 160.08%: What’s driving the optimism?

Mobileye Global Inc [MBLY] stock prices are down -1.44% to $13.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MBLY shares have gain 6.82% over the last week, with a monthly amount glided 5.35%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Mobileye Global Inc [NASDAQ: MBLY] stock has seen the most recent analyst activity on October 15, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $11 from $24. Previously, Mizuho downgraded its rating to Neutral on October 11, 2024, and dropped its price target to $13. On October 07, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $10 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $14 on October 04, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $12 remained the price target by the analyst firm on October 02, 2024. In a note dated September 05, 2024, Wolfe Research downgraded an Peer Perform rating on this stock.

The stock price of Mobileye Global Inc [MBLY] has been fluctuating between $10.48 and $44.48 over the past year. Currently, Wall Street analysts expect the stock to reach $33.81 within the next 12 months. Mobileye Global Inc [NASDAQ: MBLY] shares were valued at $13.00 at the most recent close of the market. An investor can expect a potential return of 160.08% based on the average MBLY price forecast.

Analyzing the MBLY fundamentals

The Mobileye Global Inc [NASDAQ:MBLY] reported sales of 1.84B for trailing twelve months, representing a drop of -3.30%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.02.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.79 points at the first support level, and at 12.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.26, and for the 2nd resistance point, it is at 13.52.

Ratios To Look Out For

It’s worth pointing out that Mobileye Global Inc [NASDAQ:MBLY]’s Current Ratio is 5.80. On the other hand, the Quick Ratio is 4.40, and the Cash Ratio is 3.48. Considering the valuation of this stock, the price to sales ratio is 5.71, the price to book ratio is 0.71.

Transactions by insiders

Recent insider trading involved GELSINGER PATRICK P, Director, that happened on Aug 05 ’24 when 6400.0 shares were purchased. CEO and President, Shashua Amnon completed a deal on Aug 02 ’24 to buy 0.63 million shares. Meanwhile, Director GELSINGER PATRICK P bought 2000.0 shares on Apr 29 ’24.

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