Mobileye Global Inc. (MBLY)
Pre-market:
| Previous close | 29.20 |
| Open | 29.20 |
| Bid | 27.97 x 400 |
| Ask | 28.01 x 400 |
| Day's range | 27.36 - 29.32 |
| 52-week range | 23.49 - 47.41 |
| Volume | |
| Avg. volume | 3,428,990 |
| Market cap | 22.574B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.20 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 37.44 |
Barrons.comMobileye Stock Slumps on Analyst’s Downgrade. The EV Sales Slump Could Hurt.
Mobileye Global shares are selling off Friday after a Morgan Stanley analyst turned bearish on the provider of software and components for autonomous and assisted driving. Adam Jonas cut his rating on the stock to Underweight from Equal Weight, with a new target of $25, down from $26. Mobileye shares were down 6.8%, to $28.80.
BenzingaIntel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery
Mobileye Global Inc (NASDAQ:MBLY) reported a fiscal first-quarter 2024 revenue decline of 48% year-on-year to $239.00 million, beating the consensus of $231.56 million. Adjusted EPS of $(0.07) missed the consensus loss of $(0.06). “The financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. We are encouraged that the inventory drawdown and associated recovery in revenue appears to be on-track to what we laid out in January,”
