Mobileye's Share Price Hits New Low Amidst Weak Earnings Guidance

Mobileye's share price has hit a new all-time low, losing 5.5% last week to close at $7.57, giving a market cap of $6.369 billion. The Israeli auto-tech company, which develops advanced driver assistance systems and solutions for the autonomous vehicle sector, was acquired by Intel in 2017 for $15 billion and has since seen its stock weaken by 64%. Despite analysts' positive recommendations, the stock is considered overvalued compared to others in the industry.