Mobileye Global Inc. (NASDAQ:MBLY) Short Interest Down 16.5% in April

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 22,260,000 shares, a drop of 16.5% from the March 31st total of 26,660,000 shares. Approximately 23.9% of the shares of the stock are short sold. Based on an average daily volume of 4,620,000 shares, the short-interest ratio is presently 4.8 days.

Mobileye Global Stock Up 0.1 %

Mobileye Global stock traded up $0.02 during midday trading on Tuesday, hitting $14.57. 1,875,004 shares of the stock were exchanged, compared to its average volume of 5,416,534. The stock has a market capitalization of $11.83 billion, a PE ratio of -3.81, a P/E/G ratio of 69.54 and a beta of 0.38. The company has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $16.00. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The company had revenue of $438.00 million for the quarter, compared to analysts' expectations of $434.87 million. During the same period last year, the firm posted ($0.07) earnings per share. The business's quarterly revenue was up 83.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MBLY shares. StockNews.com raised Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. Piper Sandler increased their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Finally, Needham & Company LLC cut their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus price target of $18.63.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its holdings in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares during the last quarter. Versant Capital Management Inc grew its holdings in Mobileye Global by 580.0% during the fourth 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 period. Rhumbline Advisers acquired a new position in Mobileye Global during the first quarter worth approximately $27,000. FNY Investment Advisers LLC bought a new stake in Mobileye Global in the fourth quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC lifted its position in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

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.