Major Move Is Coming For Mobileye NV After Bearish Options Activity

 Major Move Is Coming For Mobileye NV After Bearish Options Activity

In today’s session Mobileye NV (MBLY) recorded an unusually high (271) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious MBLY decrease. With 271 contracts traded and 8674 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: MBLY170120P00037000 closed last at: $1.6 or 5.9% down. About 143,712 shares traded hands. Mobileye NV (NYSE:MBLY) has declined 0.95% since April 26, 2016 and is downtrending. It has underperformed by 6.21% the S&P500.

Analysts await Mobileye NV (NYSE:MBLY) to report earnings on February, 22. They expect $0.12 EPS, up 50.00% or $0.04 from last year’s $0.08 per share. MBLY’s profit will be $26.07 million for 80.08 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 46.12% above today’s ($38.44) stock price. Mobileye has been the topic of 20 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Monday, January 25 with “Overweight”. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, September 20 report. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, July 30. The firm earned “Neutral” rating on Tuesday, June 28 by Goldman Sachs. Morgan Stanley maintained Mobileye NV (NYSE:MBLY) on Thursday, March 10 with “Overweight” rating. Dougherty & Company upgraded Mobileye NV (NYSE:MBLY) on Wednesday, July 27 to “Buy” rating. On Thursday, January 14 the stock rating was maintained by Morgan Stanley with “Overweight”. The company was maintained on Monday, August 17 by Morgan Stanley. Piper Jaffray initiated the shares of MBLY in a report on Friday, June 10 with “Overweight” rating. The rating was initiated by Evercore with “Buy” on Wednesday, December 2.

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 $8.35 billion. The Firm operates through two divisions: Original Equipment Manufacturing (OEM) and aftermarket (AM). It has a 96.64 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: “Delphi, Mobileye to use Intel chip for self-driving car system” on November 29, 2016. Also Investorplace.com published the news titled: “Why Mobileye NV (MBLY) Stock Is a Buyout Lock” on November 15, 2016. Valuewalk.com‘s news article titled: “Mobileye NV (MBLY) Tumbles As Analysts Dive Into Its Earnings Report” with publication date: November 16, 2016 was also an interesting one.

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