MobileIron Inc. [NASDAQ: MOBL] traded at a low on 11/24/20, posting a -0.14 loss after which it closed the day’ session at $7.01. The company report on November 14, 2020 that ALERT: Halper Sadeh LLP Investigates the Following Mergers; Shareholders are Encouraged to Contact the Firm – MOBL, BSTC, PRCP, WPX.
Halper Sadeh LLP, a global investor rights law firm, announces it is investigating:
MobileIron, Inc. (NASDAQ:MOBL) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Ivanti, Inc. for $7.05 in cash per share. If you are a MobileIron shareholder, click on this link to learn more about your legal rights and options: https://halpersadeh.com/actions/mobileiron-inc-mobl-stock-merger-ivanti/.
The results of the trading session contributed to over 3674899 shares changing hands. Over the past one week, the price volatility of MobileIron Inc. stands at 0.20% while the volatility over the past one month is 0.40%.
The market cap for MOBL stock reached $830.12 million, with 117.70 million shares outstanding and 116.68 million shares in the current float. Compared to the average trading volume of 2.40M shares, MOBL reached a trading volume of 3674899 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MobileIron Inc. [MOBL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOBL shares is $8.37 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MOBL stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for MobileIron Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 16, 2020. The new note on the price target was released on May 06, 2020, representing the official price target for MobileIron Inc. stock. Previously, the target price had yet another raise to $11, while Craig Hallum analysts kept a Buy rating on MOBL stock. On February 12, 2018, analysts increased their price target for MOBL shares from 4 to 5.75.
The Average True Range (ATR) for MobileIron Inc. is set at 0.04, with the Price to Sales ratio for MOBL stock in the period of the last 12 months amounting to 3.90. The Price to Book ratio for the last quarter was 29.21. Price to Free Cash Flow for MOBL in the course of the last twelve months was 237.18 with Quick ratio for the last quarter at 1.20.
How has MOBL stock performed recently?
MobileIron Inc. [MOBL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.14. With this latest performance, MOBL shares dropped by -0.28% in over the last four-week period, additionally plugging by 65.72% over the last 6 months – not to mention a rise of 47.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MOBL stock in for the last two-week period is set at 43.70, with the RSI for the last a single of trading hit 47.18, and the three-weeks RSI is set at 58.74 for MobileIron Inc. [MOBL]. The present Moving Average for the last 50 days of trading for this stock 6.83, while it was recorded at 7.02 for the last single week of trading, and 5.33 for the last 200 days.
MobileIron Inc. [MOBL]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and MobileIron Inc. [MOBL] shares currently have an operating margin of -20.66 and a Gross Margin at +79.49. MobileIron Inc.’s Net Margin is presently recorded at -23.80.
Return on Total Capital for MOBL is now -80.12, given the latest momentum, and Return on Invested Capital for the company is -97.49. Return on Equity for this stock declined to -108.41, with Return on Assets sitting at -23.11. When it comes to the capital structure of this company, MobileIron Inc. [MOBL] has a Total Debt to Total Equity ratio set at 43.76. Additionally, MOBL Total Debt to Total Capital is recorded at 30.44, with Total Debt to Total Assets ending up at 7.42. Long-Term Debt to Equity for the company is recorded at 28.02, with the Long-Term Debt to Total Capital now at 19.49.
Reflecting on the efficiency of the workforce at the company, MobileIron Inc. [MOBL] managed to generate an average of -$56,145 per employee. Receivables Turnover for the company is 3.43 with a Total Asset Turnover recorded at a value of 0.97.MobileIron Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Earnings analysis for MobileIron Inc. [MOBL]
With the latest financial reports released by the company, MobileIron Inc. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -75.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MOBL.
Insider trade positions for MobileIron Inc. [MOBL]
There are presently around $596 million, or 72.90% of MOBL stock, in the hands of institutional investors. The top three institutional holders of MOBL stocks are: LYNROCK LAKE LP with ownership of 13,108,514, which is approximately 1.212% of the company’s market cap and around 3.20% of the total institutional ownership; ALTAI CAPITAL MANAGEMENT, L.P., holding 7,950,075 shares of the stock with an approximate value of $55.73 million in MOBL stocks shares; and VANGUARD GROUP INC, currently with $49.33 million in MOBL stock with ownership of nearly -11.041% of the company’s market capitalization.
Positions in MobileIron Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 85 institutional holders increased their position in MobileIron Inc. [NASDAQ:MOBL] by around 15,586,897 shares. Additionally, 72 investors decreased positions by around 10,549,785 shares, while 16 investors held positions by with 58,864,707 shares. The mentioned changes placed institutional holdings at 85,001,389 shares, according to the latest SEC report filing. MOBL stock had 49 new institutional investments in for a total of 9,830,974 shares, while 22 institutional investors sold positions of 3,766,022 shares during the same period.