Arbe Robotics Ltd (NASDAQ: ARBE) Loss Of -6.74 Percent Over The Past 30 Days: Any Trouble To Come?

Arbe Robotics Ltd (NASDAQ:ARBE)’s traded shares stood at 1.27 million during the last session, with the company’s beta value hitting 0.03. At the close of trading, the stock’s price was $1.80, to imply an increase of 9.09% or $0.15 in intraday trading. The ARBE share’s 52-week high remains $2.57, putting it -42.78% down since that peak but still an impressive 22.78% since price per share fell to its 52-week low of $1.39. The company has a valuation of $153.12M, with an average of 0.18 million shares in intraday trading volume over the past 10 days and average of 120.37K shares over the past 3 months.

Arbe Robotics Ltd (NASDAQ:ARBE) trade information

After registering a 9.09% upside in the last session, Arbe Robotics Ltd (ARBE) has traded red over the past five days. The 5-day price performance for the stock is 10.43%, and -6.74% over 30 days. With these gigs, the year-to-date price performance is -17.43%. Short interest in Arbe Robotics Ltd (NASDAQ:ARBE) saw shorts transact 0.53 million shares and set a 6.42 days time to cover.

Arbe Robotics Ltd (ARBE) estimates and forecasts

Looking at statistics comparing Arbe Robotics Ltd share performance against respective industry, we note that the company has outperformed competitors. Arbe Robotics Ltd (ARBE) shares are -4.76% down over the last 6 months, with its year-to-date growth rate higher than industry average at 20.00% against 15.60%. The rating firms project that company’s revenue will shrink -25.17% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 400k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 500k.Earnings reports from the last fiscal year show that sales brought in 347k and 137k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.27% before jumping 264.96% in the following quarter.

ARBE Dividends

Arbe Robotics Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is M&G PLC with 3.72 million shares, or about 4.7577% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.44 million.