Mobileye Global (NASDAQ:MBLY) Hits New 1-Year Low – Should You Sell?

Mobileye Global Inc. (NASDAQ:MBLY) shares hit a new 52-week low on Monday . The stock traded as low as $7.68 and last traded at $7.71, with a volume of 1270022 shares changing hands. The stock had previously closed at $8.01.

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Mobileye Global from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a report on Wednesday, January 28th. Arete Research downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price target for the company. in a report on Tuesday, January 27th. Wall Street Zen lowered shares of Mobileye Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, HSBC cut shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.89.

Mobileye Global Stock Down 1.6%

The stock has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $11.79. The firm has a market cap of $6.65 billion, a PE ratio of -16.12 and a beta of 0.59.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Intel Corp purchased a new position in shares of Mobileye Global during the third quarter worth approximately $706,000,000. Burkehill Global Management LP purchased a new stake in shares of Mobileye Global in the 3rd quarter valued at $42,360,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mobileye Global during the 3rd quarter valued at $40,670,000. DNB Asset Management AS bought a new position in shares of Mobileye Global during the 3rd quarter valued at $40,212,000. Finally, Two Sigma Investments LP raised its position in Mobileye Global by 131.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after purchasing an additional 2,493,181 shares during the period. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.