Traders Buy Mobileye NV (MBLY) on Weakness
Traders purchased shares of Mobileye NV (NASDAQ:MBLY) on weakness during trading on Tuesday. $271.68 million flowed into the stock on the tick-up and $253.16 million flowed out of the stock on the tick-down, for a money net flow of $18.52 million into the stock. Of all stocks tracked, Mobileye NV had the 23rd highest net in-flow for the day. Mobileye NV traded down ($3.97) for the day and closed at $45.33
MBLY has been the subject of a number of recent research reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $66.00 target price on shares of Mobileye NV in a research note on Friday, July 15th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mobileye NV in a research note on Thursday, June 16th. Berenberg Bank initiated coverage on Mobileye NV in a research note on Friday, June 17th. They issued a “buy” rating and a $51.00 target price for the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $72.00 target price on shares of Mobileye NV in a research note on Thursday, June 30th. Finally, Credit Agricole SA reaffirmed a “buy” rating and issued a $58.00 target price on shares of Mobileye NV in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $60.22.
The company’s 50-day moving average price is $43.14 and its 200 day moving average price is $36.51. The stock has a market capitalization of $9.93 billion and a P/E ratio of 133.32.
Mobileye NV (NASDAQ:MBLY) last posted its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $83.50 million for the quarter, compared to analysts’ expectations of $77.64 million. The firm’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts anticipate that Mobileye NV will post $0.68 earnings per share for the current fiscal year.
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