Mobily shares saw strong trading during Sunday’s session,
ranking second in the Saudi market in terms of trading value.
The stock hit an intraday high of 65.20 riyals before closing at 64.30 riyals, up 0.55%.
Trading value for Etihad Etisalat Company (Mobily) shares reached about 107.5 million riyals, equivalent to $28.7 million, amid notable activity compared to usual trading levels.
In terms of performance, Mobily shares rose about 0.1% over the last five sessions.
In contrast, the stock fell 2.3% over the month, with year-to-date losses reaching 2.7%.
The stock also dropped 8.2% over the past fifty-two weeks, compared to a decline of 8.5% in the Saudi market index (TASI) over the same period.
As for valuation metrics, the price-to-book ratio stands at 2.4 times, while the trailing twelve-month price-to-earnings ratio is at 13.6 times.
The forward price-to-earnings ratio stands at 13.2 times, while the cash dividend yield reaches about 4.65%.
Seventeen research institutions cover the company, with fifteen of them issuing a “buy” recommendation, against two “hold” recommendations. The average target price is 76.95 riyals, representing an increase of nearly 20% over the last closing price.
In terms of ownership structure, Emirates Telecommunications Group (Etisalat) holds a stake of approximately 28%, while the remaining shareholders, including free-float shares, hold about 72%.
Overall, the stock’s performance reflects a combination of recent trading activity and the decline recorded over longer periods.
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