Could Mobileye NV Change Direction After Today’s Bullish Options Activity?

 Could Mobileye NV Change Direction After Today's Bullish Options Activity?

In today’s session Mobileye NV (MBLY) registered an unusually high (2,016) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MBLY increase. With 2,016 contracts traded and 45584 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MBLY161216C00040000 closed last at: $1.55 or 8.8% down. About 485,487 shares traded hands. Mobileye NV (NYSE:MBLY) has risen 2.78% since March 29, 2016 and is uptrending. It has underperformed by 0.69% 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 $26.10M for 77.50 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 50.99% above today’s ($37.2) stock price. Mobileye has been the topic of 20 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, October 9, the company rating was upgraded by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Monday, January 25. The company was upgraded on Wednesday, July 27 by Dougherty & Company. The stock of Mobileye NV (NYSE:MBLY) has “Neutral” rating given on Tuesday, June 28 by Goldman Sachs. The stock of Mobileye NV (NYSE:MBLY) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30. The stock of Mobileye NV (NYSE:MBLY) has “Overweight” rating given on Monday, August 17 by Morgan Stanley. The stock of Mobileye NV (NYSE:MBLY) has “Neutral” rating given on Tuesday, July 19 by JP Morgan. Morgan Stanley maintained Mobileye NV (NYSE:MBLY) on Thursday, March 10 with “Overweight” rating. The company was initiated on Thursday, December 10 by FBR Capital. The firm has “Buy” rating given on Friday, August 7 by Citigroup.

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 $8.09 billion. The Firm operates through two divisions: Original Equipment Manufacturing (OEM) and aftermarket (AM). It has a 96.34 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 important 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 Reuters.com published article titled: “Mobileye says Tesla was ‘pushing the envelope in terms of safety'”, Nasdaq.com published: “Mobileye NV Amsterdam (MBLY) Shares Cross Below 200 DMA” on October 11, 2016. More interesting news about Mobileye NV (NYSE:MBLY) was released by: Schaeffersresearch.com and their article: “Analyst Update: NVIDIA Corporation, Mobileye NV, and SCYNEXIS Inc” with publication date: October 20, 2016.

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