Mobileye Global (NASDAQ:MBLY) Trading Down 4.7% – Should You Sell?

Mobileye Global Inc. (NASDAQ:MBLY) traded down 4.7% on Thursday . The company traded as low as $16.15 and last traded at $16.49. 985,826 shares were traded during trading, a decline of 80% from the average session volume of 5,027,595 shares. The stock had previously closed at $17.31.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Robert W. Baird increased their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Loop Capital began coverage on Mobileye Global in a report on Tuesday. They set a “buy” rating and a $20.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average price target of $23.05.

Mobileye Global Stock Down 3.2 %

The company has a market cap of $12.16 billion, a price-to-earnings ratio of -4.11 and a beta of 0.07. The firm has a 50-day simple moving average of $13.26 and a 200 day simple moving average of $19.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Mobileye Global by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after buying an additional 774 shares during the period. Rakuten Securities Inc. grew its stake in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after purchasing an additional 1,248 shares during the last quarter. Guinness Atkinson Asset Management Inc grew its stake in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Levin Capital Strategies L.P. grew its stake in shares of Mobileye Global by 11.1% in the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after purchasing an additional 1,441 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.