Mobileye N.V. (MBLY) has risen sharply, recording gains of 1.68% in the past 4 weeks. However, the stock has corrected -2.73% in the past 1 week, providing a good buying opportunity on dips. Mobileye N.V. (MBLY) : During the past 4 weeks, traders have been relatively bearish on Mobileye N.V. (MBLY), hence the stock is down -0.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.15% relative to the S&P 500.
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 $46.39 and $45.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.60, notching a gain of 0.76% for the day. The total traded volume was 1,828,238 . The stock had closed at $46.25 on the previous day.
The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 8.68%. Mobileye N.V. is up 33.14% in the last 3-month period. Year-to-Date the stock performance stands at 10.22%.
Mobileye N.V. (MBLY) : Currently there are 10 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 $56.4. The estimated standard deviation from the target is $10.54.
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.