What’s MobileIron, Inc. (MOBL) Upside After Forming Multiple Top?

August 10, 2018 - By Victoria Pittman

MobileIron, Inc. (NASDAQ:MOBL) Logo

Investors sentiment increased to 1.75 in Q1 2018. Its up 0.92, from 0.83 in 2017Q4. It improved, as 9 investors sold MobileIron, Inc. shares while 23 reduced holdings. 23 funds opened positions while 33 raised stakes. 44.46 million shares or 10.08% more from 40.39 million shares in 2017Q4 were reported.
Metropolitan Life Ins Ny holds 0% or 16,772 shares. Amer Century Inc reported 69,988 shares or 0% of all its holdings. Great West Life Assurance Can owns 0% invested in MobileIron, Inc. (NASDAQ:MOBL) for 5,766 shares. North Amer Mngmt reported 0.02% stake. Renaissance Tech Ltd Limited Liability Company has invested 0.01% in MobileIron, Inc. (NASDAQ:MOBL). Panagora Asset Mgmt owns 336,725 shares for 0.01% of their portfolio. Blackrock Incorporated owns 3.75M shares for 0% of their portfolio. Prudential Fincl Inc holds 21,540 shares or 0% of its portfolio. Indexiq Advsrs Ltd Liability Co invested 0.07% of its portfolio in MobileIron, Inc. (NASDAQ:MOBL). Jpmorgan Chase Company invested in 0% or 678,378 shares. Chicago Equity Prtn Ltd holds 0.01% or 34,655 shares in its portfolio. Point72 Asia (Hong Kong) Ltd holds 265 shares or 0% of its portfolio. Alliancebernstein Ltd Partnership holds 53,130 shares or 0% of its portfolio. Geode Capital Lc has 0% invested in MobileIron, Inc. (NASDAQ:MOBL). Royal Savings Bank Of Canada holds 0% or 2,259 shares in its portfolio.

The stock of MobileIron, Inc. (MOBL) shows a multiple tops pattern with $5.35 target or 8.00 % above today’s $4.95 share price. The 8 months chart pattern indicates low risk for the $508.54M company. It was reported on Aug, 10 by Finviz.com. If the $5.35 price target is reached, the company will be worth $40.68 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 1.00% or $0.05 during the last trading session, reaching $4.95. About 428,729 shares traded. MobileIron, Inc. (NASDAQ:MOBL) has declined 17.31% since August 10, 2017 and is downtrending. It has underperformed by 29.88% the S&P500.

Analysts await MobileIron, Inc. (NASDAQ:MOBL) to report earnings on October, 30. They expect $-0.12 EPS, up 29.41 % or $0.05 from last year’s $-0.17 per share. After $-0.12 actual EPS reported by MobileIron, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent MobileIron, Inc. (NASDAQ:MOBL) news were published by: Businesswire.com which released: “MobileIron Delivers First UEM Integration With McAfee ePolicy Orchestrator” on July 25, 2018, also Businesswire.com with their article: “MobileIron Recognized as a Leader in the Inaugural Gartner Magic Quadrant for Unified Endpoint Management Tools” published on August 09, 2018, Seekingalpha.com published: “MobileIron, Inc. (MOBL) CEO Simon Biddiscombe on Q2 2018 Results – Earnings Call Transcript” on August 01, 2018. More interesting news about MobileIron, Inc. (NASDAQ:MOBL) were released by: Businesswire.com and their article: “MobileIron Named Top Enterprise Mobility Management Solution” published on July 19, 2018 as well as Fool.com‘s news article titled: “Why MobileIron, Inc. Stock Has Gained 14.1% in the First Half of 2018” with publication date: July 16, 2018.

MobileIron, Inc. provides a purpose-built mobile IT platform that enables enterprises to secure and manage mobile applications, content, and devices while providing their employees with device choice, privacy, and a native user experience. The company has market cap of $508.54 million. The Company’s MobileIron platform offers enterprise mobility management solution that configures and delivers applications to smartphones, tablets, laptops, and desktops running operating systems, such as Android, iOS, macOS, and Windows 10; and secures data-at-rest and data-in-motion on modern endpoints and across the corporate network, as well as secures access to back-end corporate networks and cloud services. It currently has negative earnings. The firm serves financial service, government, healthcare, legal, manufacturing, professional service, retail, technology, and telecommunication industries in the United States and internationally.

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