The stock market remained relatively stable in the last two trading days of the week, with only minor changes in the leading indices on Wall Street. The S&P 500 index ended down 0.1%, while the Nasdaq index lost 0.3%, and the Dow Jones index remained unchanged. Several Israeli stocks stood out during trading, with Auditi Tech experiencing a significant gain of 20.5% on Friday in high trading volume on Nasdaq, closing at about $44.3, reflecting the company’s value of $2.5 billion.
In terms of revenue, Auditity expects to achieve $189 million in the second quarter, which is at the upper limit of their previous forecasts, with a gross profitability of 71%, similar to their original expectations. The EBITDA will be $60 million this quarter, compared to their previous forecasts of $53-$56 million. In addition to this, Auditity has $250 million in cash and investments and $100 million available on an undrawn line of credit, with no debt to speak of.
On the other hand, Gauzy smart glass manufacturer began trading on Nasdaq under the symbol GAUZ but its stock weakened during its first two trading days after its offering price was set at $17, valuing it at $319 million as a whole company. Mobileye stock soared on Friday by 15.6% in high trading volume without any reports from them reaching about $31.7 per share respectively . Mobileye is led by co-founder Prof Amnon Shashua and analysts expect it to generate revenue of approximately $1.89 billion this year .
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