Arbe Robotics Ltd (NASDAQ:ARBE)’s traded shares stood at 4.99 million during the latest session, with the company’s beta value hitting -0.00. At the last check today, the stock’s price was $3.08, to imply a decrease of -5.94% or -$0.19 in intraday trading. The ARBE share’s 52-week high remains $5.09, putting it -65.26% down since that peak but still an impressive 54.87% since price per share fell to its 52-week low of $1.39. The company has a valuation of $293.42M, with an average of 34.88 million shares in intraday trading volume over the past 10 days and average of 5.85 million shares over the past 3 months.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
After registering a -5.94% downside in the latest session, Arbe Robotics Ltd (ARBE) has traded red over the past five days. The 5-day price performance for the stock is -10.07%, and 81.99% over 30 days. With these gigs, the year-to-date price performance is 65.36%. 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 33.73% up over the last 6 months, with its year-to-date growth rate higher than industry average at 20.00% against 15.70%. 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 February. 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.
Arbe Robotics Ltd (NASDAQ:ARBE)’s Major holders
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.
We also have Saba Capital Income & Opportunities Fd and Saba Capital Income & Opportunities Fund II as the top two Mutual Funds with the largest holdings of the Arbe Robotics Ltd (ARBE) shares. Going by data provided on Oct 31, 2024, Saba Capital Income & Opportunities Fd holds roughly 391.77 shares. This is just over 0.44% of the total shares, with a market valuation of $1.2 million. Data from the same date shows that the other fund manager holds a little less at 200.08, or 0.22% of the shares, all valued at about 0.61 million.
