Mobileye N.V. (MBLY) : 13 analysts are covering Mobileye N.V. (MBLY) and their average rating on the stock is 1.69, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Mobileye N.V. (MBLY) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Mobileye N.V. (MBLY) stock is expected to deviate a maximum of $12.95 from the average target price of $54.5 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $72 and the most muted being $30.
Mobileye N.V. (NYSE:MBLY): The stock opened at $44.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $46.06 for the day. The stock traded down to $44.57 during the day, due to lack of any buying support eventually closed down at $45.00 with a loss of -0.07% for the day. The stock had closed at $45.03 on the previous day. The total traded volume was 2,830,384 shares.
Also, Goldman Sachs downgrades their rating on the shares of Mobileye N.V. (NYSE:MBLY). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $40 per share from $45 per share. The rating by the firm was issued on June 28, 2016. The company shares have dropped -16.80% 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 $39.01 and the 200 Day Moving Average price is recorded at $35.68.
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.