A Bull Market Continues To Unfold On Arbe Robotics Ltd (NASDAQ: ARBE), As It Continued To Rise 41.10% In Year-To-Date

During the recent session, Arbe Robotics Ltd (NASDAQ:ARBE)’s traded shares were 1.76 million, with the beta value of the company hitting -0.01. At the last check today, the stock’s price was $2.62, reflecting an intraday gain of 28.65% or $0.58. The 52-week high for the ARBE share is $2.57, that puts it up 1.91 from that peak though still a striking 46.95% gain since the share price plummeted to a 52-week low of $1.39. The company’s market capitalization is $223.26M, and the average intraday trading volume over the past 10 days was 0.99 million shares, and the average trade volume was 264.20K shares over the past three months.

Arbe Robotics Ltd (NASDAQ:ARBE) trade information

Arbe Robotics Ltd (ARBE) registered a 28.65% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 28.65% in intraday trading to $2.62, hitting a weekly high. The stock’s 5-day price performance is 45.81%, and it has moved by 56.22% in 30 days. Based on these gigs, the overall price performance for the year is 23.22%. The short interest in Arbe Robotics Ltd (NASDAQ:ARBE) is 0.53 million shares and it means that shorts have 6.42 day(s) to cover.

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Arbe Robotics Ltd (ARBE) estimates and forecasts

Statistics show that Arbe Robotics Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Arbe Robotics Ltd (ARBE) shares have gone up 22.64% during the last six months, with a year-to-date growth rate more than the industry average at 20.00% against 16.60. While earnings are projected to return 14.55% in 2025.

ARBE Dividends

Arbe Robotics Ltd is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Arbe Robotics Ltd (NASDAQ:ARBE)’s Major holders

The next largest institutional holding, with 3.72 million shares, is of M&G PLC’s that is approximately 4.7577% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.44 million.