Mobileye to Use Innoviz LiDARs for its Mobileye Drive AV Platform
| SMTOY Stock | USD 18.74 0.16 0.85% |
Slightly above 61% of Sumitomo Electric's investor base is looking to short. The analysis of overall sentiment of trading Sumitomo Electric Industries pink sheet suggests that many investors are alarmed at this time. Sumitomo Electric's investing sentiment can be driven by a variety of factors including economic data, Sumitomo Electric's earnings reports, geopolitical events, and overall market trends.
Sumitomo |
Mobileye , a global leader in autonomous and driver-assistance technologies, and Innoviz Technologies Ltd. , a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, announced today that Mobileye will use Innovizs LiDARs for the Mobileye Drive platform. This showcases the flexibility of Innovizs LiDARs to work across a variety of vehicle platforms to further testing and deployment of
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Sumitomo Electric Fundamental Analysis
We analyze Sumitomo Electric's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sumitomo Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sumitomo Electric based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Sumitomo Electric is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Sumitomo Electric Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sumitomo Electric pink sheet to make a market-neutral strategy. Peer analysis of Sumitomo Electric could also be used in its relative valuation, which is a method of valuing Sumitomo Electric by comparing valuation metrics with similar companies.
Peers
Sumitomo Electric Related Equities
| INVZ | Innoviz Technologies | 25.81 | ||||
| LIDR | Aeye | 12.50 | ||||
| MBLY | Mobileye Global | 7.37 | ||||
| QS | Quantumscape Corp | 1.64 | ||||
| MLR | Miller Industries | 0.42 | ||||
| MNRO | Monro Muffler | 0.23 | ||||
| APTV | Aptiv PLC | 0.05 | ||||
| LAZR | Luminar Technologies | 0.00 | ||||
| DORM | Dorman Products | 0.23 | ||||
| GNTX | Gentex | 0.85 | ||||
| MGA | Magna International | 1.24 | ||||
| ALSN | Allison Transmission | 1.73 | ||||
| LKQ | LKQ | 2.26 | ||||
| AEVA | Aeva Technologies | 2.30 | ||||
| LEA | Lear | 2.86 | ||||
| CVGI | Commercial Vehicle | 3.56 | ||||
| AXL | American Axle | 3.63 | ||||
| ADNT | Adient PLC | 7.12 | ||||
| HSAI | Hesai Group | 9.35 |
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