In the last trading session, 6.83 million shares of the Arbe Robotics Ltd (NASDAQ:ARBE) were traded, and its beta was 0.04. Most recently the company’s share price was $2.89, and it changed around $0.13 or 4.71% from the last close, which brings the market valuation of the company to $275.70M. ARBE currently trades at a discount to its 52-week high of $5.09, offering almost -76.12% off that amount. The share price’s 52-week low was $1.39, which indicates that the current value has risen by an impressive 51.9% 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 6.19 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 (NASDAQ:ARBE) trade information
Instantly ARBE has showed a green trend with a performance of 4.71% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.34 on recent trading dayincreased the stock’s daily price by 13.47%. The company’s shares are currently up 55.38% year-to-date, but still up 3.21% over the last five days. On the other hand, Arbe Robotics Ltd (NASDAQ:ARBE) is 72.02% 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 36.97 percent over the past six months and at a 20.00% annual growth rate that is well above the industry average of 16.00%.
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.
