Could Mobileye NV Gain Strenght? Option Traders Don’t Think So

 Could Mobileye NV Gain Strenght? Option Traders Don't Think So

In today’s session Mobileye NV (MBLY) recorded an unusually high (300) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious MBLY decrease. With 300 contracts traded and 7904 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: MBLY161216P00040000 closed last at: $3.3 or 15.4% down. About 3.81M shares traded hands or 43.77% up from the average. Mobileye NV (NYSE:MBLY) has declined 0.18% since April 13, 2016 and is downtrending. It has underperformed by 4.10% the S&P500.

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. Evercore initiated the stock with “Buy” rating in Wednesday, December 2 report. The rating was upgraded by Dougherty & Company on Wednesday, July 27 to “Buy”. Piper Jaffray initiated Mobileye NV (NYSE:MBLY) rating on Friday, June 10. Piper Jaffray has “Overweight” rating and $50 price target. Suntrust Robinson initiated the shares of MBLY in a report on Tuesday, September 20 with “Buy” rating. The company was maintained on Thursday, January 14 by Morgan Stanley. The rating was initiated by FBR Capital on Thursday, December 10 with “Mkt Perform”. As per Friday, October 9, the company rating was upgraded by Barclays Capital. Berenberg initiated Mobileye NV (NYSE:MBLY) on Friday, June 17 with “Buy” rating. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, July 30. Goldman Sachs downgraded it to “Neutral” rating and $40 target price in Tuesday, June 28 report.

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 $8.79 billion. The Firm operates through two divisions: Original Equipment Manufacturing (OEM) and aftermarket (AM). It has a 101.68 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 news for Mobileye NV (NYSE:MBLY) were recently published by: Investorplace.com, which released: “Why Mobileye NV (MBLY) Stock Is a Buyout Lock” on November 15, 2016. Prnewswire.com‘s article titled: “Mobileye Schedules its Third Quarter 2016 Financial Results Release for …” and published on October 26, 2016 is yet another important article.

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