Previous close | 30.90 |
Open | 29.85 |
Bid | 29.21 x 200 |
Ask | 29.27 x 200 |
Day's range | 28.24 - 30.43 |
52-week range | 23.49 - 47.41 |
Volume | |
Avg. volume | 3,494,326 |
Market cap | 23.542B |
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 | 37.11 |
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.
Mobileye Global stock is sagging after the provider of autonomous driving systems posted a sharp drop in revenue. The company continues to work through excessive customer inventory. Mobileye warned in January that its March quarter results would be down about 50% due to higher-than-normal inventories of the company’s EyeQ chips held by automakers.