Mobileye N.V. (MBLY) has risen sharply, recording gains of 1.7% in the past 4 weeks. However, the stock has corrected -3.41% 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 -1.61% 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 -3.34% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 14.29%. Mobileye N.V. is up 25.58% in the last 3-month period. Year-to-Date the stock performance stands at 13.32%.
Mobileye N.V. (NYSE:MBLY): On Fridays trading session , Opening price of the stock was $48 with an intraday high of $48.33. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.84. However, the stock managed to close at $47.91, a loss of 0.62% for the day. On the previous day, the stock had closed at $48.21. The total traded volume of the day was 2,860,927 shares.
Also, In a research note released to the investors, Dougherty & Company upgrades its rating on Mobileye N.V. (NYSE:MBLY).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 27, 2016.
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.