In the last trading session, 12.62 million shares of the Arbe Robotics Ltd (NASDAQ:ARBE) were traded, and its beta was -0.02. Most recently the company’s share price was $2.76, and it changed around -$0.38 or -12.10% from the last close, which brings the market valuation of the company to $263.30M. ARBE currently trades at a discount to its 52-week high of $5.09, offering almost -84.42% off that amount. The share price’s 52-week low was $1.39, which indicates that the current value has risen by an impressive 49.64% since then. We note from Arbe Robotics Ltd’s average daily trading volume that its 10-day average is 36.84 million shares, with the 3-month average coming to 5.99 million.
Arbe Robotics Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended ARBE as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Arbe Robotics Ltd is expected to report earnings per share of -0.1 for the current quarter.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Instantly ARBE has showed a red trend with a performance of -12.10% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.77 on recent trading dayincreased the stock’s daily price by 26.79%. The company’s shares are currently up 48.39% year-to-date, but still down -26.20% over the last five days. On the other hand, Arbe Robotics Ltd (NASDAQ:ARBE) is 63.31% up in the 30-day period. We can see from the shorts that 0.53 million shares have been sold at a short interest cover period of 6.42 day(s).
Arbe Robotics Ltd (ARBE) estimates and forecasts
Arbe Robotics Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.77 percent over the past six months and at a 20.00% annual growth rate that is well above the industry average of 15.40%. The year-over-year growth rate is expected to be -25.17%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 400k in revenue for the current quarter. 2 analysts expect Arbe Robotics Ltd to make 500k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 347k and 137k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.27%. Forecasts for the next quarter put sales growth at 264.96%.
ARBE Dividends
Arbe Robotics Ltd’s next quarterly earnings report is expected to be released in February.
M&G PLC, with 4.7577% or 3.72 million shares worth $7.44 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Saba Capital Income & Opportunities Fd and Saba Capital Income & Opportunities Fund II were the top two Mutual Funds as of Oct 31, 2024 . The former held 391.77 shares worth $1.08 million, making up 0.44% of all outstanding shares. On the other hand, Saba Capital Income & Opportunities Fund II held roughly 200.08 shares worth around $0.55 million, which represents about 0.22% of the total shares outstanding.
