Is Buying Stock Like Mobileye NV Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Mobileye NV Good Idea After Today's Bullish Options Activity?

In today’s session Mobileye NV (MBLY) registered an unusually high (522) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MBLY increase. With 522 contracts traded and 1244 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MBLY161118C00040000 closed last at: $1.35 or 20.6% down. About 1.47 million shares traded hands. Mobileye NV (NYSE:MBLY) has risen 7.69% since March 14, 2016 and is uptrending. It has outperformed by 2.07% 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 $26.02M for 77.17 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. Mobileye has been the topic of 20 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Overweight” on Monday, January 25. Suntrust Robinson initiated the shares of MBLY in a report on Tuesday, September 20 with “Buy” rating. JP Morgan initiated the shares of MBLY in a report on Tuesday, July 19 with “Neutral” rating. Evercore initiated the shares of MBLY in a report on Wednesday, December 2 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Friday, August 7. The stock of Mobileye NV (NYSE:MBLY) has “Buy” rating given on Friday, June 17 by Berenberg. FBR Capital initiated Mobileye NV (NYSE:MBLY) on Thursday, December 10 with “Mkt Perform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. Goldman Sachs downgraded Mobileye NV (NYSE:MBLY) rating on Tuesday, June 28. Goldman Sachs has “Neutral” rating and $40 price target. The firm has “Buy” rating given on Wednesday, July 27 by Dougherty & Company.

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 $8.03 billion. The Firm operates through two divisions: Original Equipment Manufacturing (OEM) and aftermarket (AM). It has a 95.93 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: Fool.com which released: “Why Mobileye NV Fell 13% in September” on October 12, 2016. Also Nasdaq.com published the news titled: “Mobileye NV Amsterdam (MBLY) Shares Cross Below 200 DMA” on October 11, 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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