Arbe Robotics Ltd (NASDAQ: ARBE) is -28.25% lower on its value in year-to-date trading and has touched a low of $0.85 and a high of $5.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARBE stock was last observed hovering at around $1.55 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.6, the stock is -2.02% and -1.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing 3.23% at the moment leaves the stock -10.89% off its SMA200. ARBE registered -13.98% loss for a year compared to 6-month loss of -46.84%. The firm has a 50-day simple moving average (SMA 50) of $1.6184 and a 200-day simple moving average (SMA200) of $1.795435.
The stock witnessed a 1.91% gain in the last 1 month and extending the period to 3 months gives it a 34.45%, and is 0.63% 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 7.31% over the week and 7.33% over the month.
Arbe Robotics Ltd (ARBE) has around 144 employees, a market worth around $168.26M and $0.67M in sales. Profit margin for the company is -7501.34%. Distance from 52-week low is 88.24% and -68.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-75.02%).
The EPS is expected to grow by 38.80% this year
63.0 institutions hold shares in Arbe Robotics Ltd (ARBE), with institutional investors hold 44.00% of the company’s shares. The shares outstanding are 105.16M, and float is at 75.34M with Short Float at 9.08%. Institutions hold 38.34% of the Float.
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.
