Arbe Robotics Ltd (NASDAQ: ARBE) is 115.05% higher on its value in year-to-date trading and has touched a low of $1.39 and a high of $2.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARBE stock was last observed hovering at around $2.63 in the last trading session, with the day’s gains setting it 1.37%.
Currently trading at $4.00, the stock is 107.15% and 117.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 128.08 million and changing 52.09% at the moment leaves the stock 107.39% off its SMA200. ARBE registered 86.92% gain for a year compared to 6-month loss of 64.61%. The firm has a 50-day simple moving average (SMA 50) of $1.79512 and a 200-day simple moving average (SMA200) of $1.918355.
The stock witnessed a 138.10% gain in the last 1 month and extending the period to 3 months gives it a 108.88%, and is 86.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.33% over the week and 11.08% over the month.
Arbe Robotics Ltd (ARBE) has around 137 employees, a market worth around $438.69M and $1.02M in sales. Profit margin for the company is -4567.91%. Distance from 52-week low is 186.74% and 44.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-248.75%).
The EPS is expected to grow by 14.55% this year.
Arbe Robotics Ltd (ARBE) Top Institutional Holders
The shares outstanding are 78.22M, and float is at 55.68M with Short Float at 1.22%.
The top institutional shareholder in the company is AWM INVESTMENT COMPANY, INC. with over 7.71 million shares valued at $14.73 million. The investor’s holdings represent 9.8664% of the ARBE Shares outstanding. As of 2024-06-30, the second largest holder is M&G PLC with 3.72 million shares valued at $$7.44 million to account for 4.7577 of the shares outstanding. The other top investors are Y.D. MORE INVESTMENTS LTD which holds 2.84 million shares representing 3.6385% and valued at over $5.43 million, while UBS ASSET MANAGEMENT AMERICAS INC holds 2.1578 of the shares totaling 1.69 million with a market value of $3.22 million.
Arbe Robotics Ltd (ARBE) Insider Activity
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Still, SEC filings show that on Dec 23 ’24, Machness Ram (Officer) Proposed Sale 48,000 shares at an average price of $1.71 for $82080.0. The insider now directly holds shares of Arbe Robotics Ltd (ARBE).
