Mobileye N.V. (NYSE:MBLY) has climbed 7.73% in the past week and advanced 6.32% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.02% and the outperformance has advanced to 5.35% for the last 4 weeks period.
Mobileye N.V. (NYSE:MBLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.02 and $37.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.17, notching a gain of 6.38% for the day. The total traded volume was 4,265,734 . The stock had closed at $36.82 on the previous day.
The company shares have dropped -26.89% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $64.48 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $37.12 and the 200 Day Moving Average price is recorded at $35.79.
Many analysts have stated their opinion on the company shares. Berenberg initiates coverage on Mobileye N.V. (NYSE:MBLY). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $24 per share. The rating by the firm was issued on June 17, 2016. Institutional Investors own 74.4% of Mobileye N.V. shares.
Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Companys software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment, it sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.