Bullish Options Activity on Mobileye NV Surges After Better Fundamentals

 Bullish Options Activity on Mobileye NV Surges After Better Fundamentals

In today’s session Mobileye NV (MBLY) registered an unusually high (497) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious MBLY increase. With 497 contracts traded and 42834 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: MBLY161021C00045000 closed last at: $0.2 or 20% down. About 1.74 million shares traded hands. Mobileye NV (NYSE:MBLY) has risen 20.21% since March 8, 2016 and is uptrending. It has outperformed by 10.89% the S&P500.

Analysts await Mobileye NV (NYSE:MBLY) to report earnings on November, 1. They expect $0.12 EPS, up 20.00% or $0.02 from last year’s $0.1 per share. MBLY’s profit will be $26.05 million for 81.27 P/E if the $0.12 EPS becomes a reality. After $0.11 actual EPS reported by Mobileye NV for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Mobileye NV (NYSE:MBLY) Ratings Coverage

Out of 14 analysts covering Mobileye (NYSE:MBLY), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. $80 is the highest target while $24 is the lowest. The $56.17 average target is 43.99% above today’s ($39.01) stock price. Mobileye has been the topic of 20 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Tuesday, July 19. The stock has “Neutral” rating given by Barclays Capital on Friday, October 9. The rating was upgraded by Dougherty & Company on Wednesday, July 27 to “Buy”. The stock of Mobileye NV (NYSE:MBLY) earned “Overweight” rating by Morgan Stanley on Monday, August 17. The stock has “Buy” rating given by Berenberg on Friday, June 17. The rating was downgraded by Goldman Sachs on Tuesday, June 28 to “Neutral”. Citigroup maintained Mobileye NV (NYSE:MBLY) rating on Friday, August 7. Citigroup has “Buy” rating and $77 price target. Barclays Capital maintained it with “Overweight” rating and $50 target price in Monday, January 25 report. The stock of Mobileye NV (NYSE:MBLY) earned “Mkt Perform” rating by FBR Capital on Thursday, December 10. Morgan Stanley maintained Mobileye NV (NYSE:MBLY) rating on Thursday, January 14. Morgan Stanley has “Overweight” rating and $57.0 price target.

According to Zacks Investment Research, “Mobileye N.V. engages in designing and developing software and related technologies for camera-based advanced driver assistance systems. The company offers software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, as well as identify and read traffic signs and traffic lights. Mobileye N.V. is headquartered in Jerusalem, Israel.”

Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving technologies. The company has a market cap of $8.47 billion. The Firm operates through two divisions: Original Equipment Manufacturing (OEM) and aftermarket (AM). It has a 101.03 P/E ratio. The Company’s OEM segment supplies the software algorithms and EyeQ chip that are the technology of the ADAS to the Tier 1 companies, which are the system integrators for the automotive industry.

MBLY Company Profile

Mobileye N.V., incorporated in 2001, is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Firm operates through two divisions: Original Equipment Manufacturing (OEM) and After Market (AM). The Company’s software algorithms and EyeQ chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. The Company’s products are able to detect roadway markings, such as lanes, road boundaries, barriers and similar items, identify and read traffic signs, and directional signs and traffic lights. The Company’s technology is available in over 220 car models from approximately 20 OEMs. The Company’s aftermarket clients include commercial and governmental fleets, vehicle importers and dealers, insurance companies and end users. The Firm offers camera ADAS technology that covers all major safety and convenience-related functions.

More recent Mobileye NV (NYSE:MBLY) news were published by: Reuters.com which released: “Mobileye says Tesla was ‘pushing the envelope in terms of safety'” on September 14, 2016. Also Investorplace.com published the news titled: “Trade of the Day: Mobileye NV (NYSE:MBLY)” on September 14, 2016. Valuewalk.com‘s news article titled: “Mobileye NV Rises After Announcing WABCO Partnership” with publication date: September 21, 2016 was also an interesting one.

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