Mobileye N.V. (MBLY): Price Target and June Short Interest Disclosure

Mobileye N.V. (MBLY) : Currently there are 8 street experts covering Mobileye N.V. (MBLY) stock. The most bullish and bearish price target for the stock is $72 and $30 respectively for the short term. The average price target of all the analysts comes to $53.25. The estimated standard deviation from the target is $11.72.

The short interest in Mobileye N.V. (MBLY) has declined from 42,474,293 on June 15,2016 to 40,167,836 on June 30,2016. The change was measured at 2,306,457 shares or 5.4%. The leftover shorts were 23.4% of the floated shares. The days to cover are 8, given the average daily volume of 4,797,153 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Goldman Sachs downgrades its rating on Mobileye N.V. (NYSE:MBLY).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Goldman Sachs lowers the new price target from $45 per share to $40 per share. The rating by the firm was issued on June 28, 2016.


Mobileye N.V. (NYSE:MBLY): stock turned positive on Thursday. Though the stock opened at $47.6, the bulls momentum made the stock top out at $48.1 level for the day. The stock recorded a low of $47.05 and closed the trading day at $47.58, in the green by 1.21%. The total traded volume for the day was 2,454,917. The stock had closed at $47.01 in the previous days trading.

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.

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