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Mobileye Global inc (NASDAQ: MBLY) |
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Price: $16.1300
$0.46 
2.936%
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| Day's High:
| $17.25
| Week Perf:
| -17.49 %
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| Day's Low: |
$ 16.01 |
30 Day Perf: |
-5.01 % |
| Volume (M): |
7,187 |
52 Wk High: |
$ 34.00 |
| Volume (M$): |
$ 115,933 |
52 Wk Avg: |
$22.05 |
| Open: |
$16.48 |
52 Wk Low: |
$10.48 |
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| Market Capitalization (Millions $) |
13,081 |
| Shares
Outstanding (Millions) |
811 |
| Employees |
3,576 |
| Revenues (TTM) (Millions $) |
1,801 |
| Net Income (TTM) (Millions $) |
-2,956 |
| Cash Flow (TTM) (Millions $) |
99 |
| Capital Exp. (TTM) (Millions $) |
91 |
Mobileye Global Inc
Mobileye Global Inc. is an Israel-based technology company that develops advanced driver assistance systems and autonomous driving technologies. The company specializes in computer vision and machine learning algorithms to enhance the safety and efficiency of vehicles. Mobileye's products include collision avoidance systems, lane departure warning systems, and pedestrian and cyclist detection systems. The company has partnerships with several automakers and is considered a leading player in the development of autonomous driving technologies.
Company Address: Har Hotzvim, 1 Shlomo Momo HaLevi Street Jerusalem 9777015
Company Phone Number: 2-541-7333 Stock Exchange / Ticker: NASDAQ MBLY
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| Business Update
Published Mon, Sep 9 2024 1:47 PM UTC
Mobileye s Strategic Pivot: Rethinking Autonomous Driving Technologies In a significant shift for the autonomous driving landscape, Mobileye (Nasdaq: MBLY), a leader in advanced driver-assistance systems and autonomous vehicle technology, has announced that it will cease its internal development of next-generation frequency modulated continuous wave (FMCW) lidars. This decis...
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| Mobileye Global Inc
As a financial journalist covering the latest developments on Wall Street, I am closely examining the recent financial results released by Mobileye Global Inc. (Nasdaq: MBLY). The company reported a significant increase in deficit per share, falling revenue, and a bleak outlook for the upcoming quarter.
One of the key factors impacting Mobileye?s financial performance is the excess inventory held by some of its customers, which has resulted in a supply chain reset and a decrease in revenue. The company?s net deficit of $-218.000 million for the financial interval ending March 30, 2024, is significantly higher than the previous year.
It is concerning to see Mobileye?s shares dropping by -26.45% from a year ago, with a further decline of -14.17% during the second quarter of 2024. The share price is currently trading only 17.3% above its 52-week low, indicating a lack of investor confidence in the company?s future prospects.
The revelation of excess inventories held by Mobileye?s customers has sparked a securities class action, with the law firm Hagens Berman urging affected investors to submit their claims before the upcoming deadline. This development has added further pressure on Mobileye?s stock market performance and raised questions about the company?s ability to recover from these challenges.
In contrast to Mobileye?s struggles, the Software & Programming industry as a whole has posted a top-line gain of 13.88% from the first quarter of 2023 to the first quarter of 2024. This further highlights the difficulties faced by Mobileye in a competitive industry landscapeAs an investor or stakeholder in Mobileye Global Inc., it is important to closely monitor the company?s actions and financial performance in the coming months. The excess inventory issue and the resulting securities class action are significant challenges that Mobileye must address to regain investor trust and stabilize its share price.
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| Announcement
Published Fri, Mar 15 2024 4:49 PM UTC
Mobileye Global Inc. (NASDAQ: MBLY), a leading provider of advanced driver-assistance systems (ADAS), is currently facing a securities class action after disclosing that some of its customers hold excess inventories. The law firm Hagens Berman is urging investors who have experienced substantial losses to submit their claims before the upcoming deadline of March 18, 2024. Th...
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| Mobileye Global Inc
Mobileye Global Inc is a leading software and programming company that specializes in developing advanced driver-assistance systems (ADAS) and autonomous driving technology. The company has recently reported positive financial results for the financial interval ending December 30, 2023, indicating strong growth and improving profit margins.
One of the key highlights from the financial report is the company's positive income of $0.07 per share, compared to a loss of $0.02 per share in the previous year. This represents a significant improvement in earnings and demonstrates the company's ability to generate profits. Additionally, the income per share has more than doubled by 265.01% from $0.02 per share in the preceding quarter.
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| Per Share |
Current |
| Earnings (TTM) |
-3.66 $ |
| Revenues (TTM) |
2.22 $
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| Cash Flow (TTM) |
0.12 $ |
| Cash |
1.59 $
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| Book Value |
14.89 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-3.66 $
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| Revenues (TTM) |
2.22 $ |
| Cash Flow (TTM) |
0.12 $ |
| Cash |
1.59 $
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| Book Value |
14.89 $ |
| Dividend (TTM) |
0 $ |
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| Mobileye |
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 97.74 % |
of total Revenue |
| Other |
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2.26 % |
of total Revenue |
| Amounts not allocated to segments |
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19.34 % |
of total Revenue |
| China |
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22.22 % |
of total Revenue |
| USA |
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23.46 % |
of total Revenue |
| Germany |
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18.11 % |
of total Revenue |
| South Korea |
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11.93 % |
of total Revenue |
| United Kingdom |
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6.58 % |
of total Revenue |
| Poland |
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4.32 % |
of total Revenue |
| Hungary |
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5.14 % |
of total Revenue |
| Czech Republic |
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2.26 % |
of total Revenue |
| Portugal |
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2.06 % |
of total Revenue |
| Rest of World |
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3.91 % |
of total Revenue |
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On August 1 2024 the Mobileye Global Inc provided following guidance
Mobileye Global Inc. has shared its financial results for the second quarter of 2024, along with an updated outlook for the remainder of the year. According to the company?s report, the issues stemming from excess inventory at Tier 1 customers, which had a notable impact on performance in the first half of 2024, are nearing resolution. However, Mobileye cautions that the second half of the year may bring its own set of obstacles, primarily due to a more pronounced decline in business conditions in China than previously anticipated. This situation is impacting the entire industry, creating potential difficulties for the company as it navigates the market landscape.
The report was issued from Jerusalem,...
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