Mobileye NV (NYSE:MBLY) currently trades at $42.95 which is about -0.02% lower than the 52-week high of $51.15. The trading volume at ready counter moved to 3.42M shares as compared to 3.72M shares average traded volume. The stock failed to get pushed above the $42.95 barrier, the intraday high, after opening at $41.88. Analysts have a consensus target price of $55.70 in the 12-month period. Its market capitalization has now reached to $9.30B.

Mobileye NV (NYSE:MBLY) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 4 have assigned a hold rating, 5 says it’s a buy and 10 have assigned a strong buy rating to the company.

Mobileye NV (MBLY) on December 30, 2016 announced a collaboration to enable autonomous driving capability on Lucid vehicles.

Lucid will launch its first car, the Lucid Air, with a complete sensor set for autonomous driving from day one, including camera, radar and lidar sensors.  Mobileye was chosen to provide the primary compute platform, full 8-camera surround view processing, sensor fusion software, Road Experience Management (REM) crowd-based localization capability, and reinforcement learning algorithms for Driving Policy.  These technologies will enable a full Advanced Driver Assistance System (ADAS) suite at launch, and then enable a logical and safe transition to autonomous driving functionality through over-the-air software updates.

Mobileye is expected to provide a dual set of EyeQ®4 system-on-chips.  The chipset will process a full 8-camera surround view system, providing full 360-degree visual perception.  Consistent with other Mobileye programs, the camera set includes a forward-facing trifocal-lensed camera and an additional five cameras surrounding the vehicle.

In addition, Mobileye will offer sensor fusion software that incorporates data from radar and lidar sensors, along with the camera set, in order to build the critical environmental model necessary to facilitate autonomous driving.

To complete and strengthen the environmental model, Mobileye’s REM™ system is intended to provide the vehicle with highly accurate localization capability.  Lucid vehicles will benefit from the near real-time updating of the collaborative, dynamic global Roadbook™ high-definition mapping system.  Data generated from Lucid vehicles can be used to enhance the autonomous driving software and will also contribute to the aggregation of Mobileye’s Global Roadbook.