Arbe Robotics Ltd (NASDAQ:ARBE) has a beta value of 0.14 and has seen 14.78 million shares traded in the last trading session. The company, currently valued at $285.24M, closed the last trade at $2.99 per share which meant it gained $0.13 on the day or 4.55% during that session. The ARBE stock price is -70.23% off its 52-week high price of $5.09 and 53.51% above the 52-week low of $1.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.07 million shares traded. The 3-month trading volume is 6.71 million shares.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Sporting 4.55% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARBE stock price touched $2.99 or saw a rise of 11.28%. Year-to-date, Arbe Robotics Ltd shares have moved 60.75%, while the 5-day performance has seen it change -4.78%. Over the past 30 days, the shares of Arbe Robotics Ltd (NASDAQ:ARBE) have changed 74.85%. Short interest in the company has seen 0.53 million shares shorted with days to cover at 6.42.
Arbe Robotics Ltd (ARBE) estimates and forecasts
Figures show that Arbe Robotics Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 41.04% over the past 6 months, with this year growth rate of 20.00%, compared to 15.10% for the industry. Revenue growth from the last financial year stood is estimated to be -25.17%.
2 analysts offering their estimates for the company have set an average revenue estimate of 400k for the current quarter. 2 have an estimated revenue figure of 500k for the next ending quarter. Year-ago sales stood 347k and 137k respectively for this quarter and the next, and analysts expect sales will grow by 15.27% for the current quarter and -25.17% for the next.
ARBE Dividends
Arbe Robotics Ltd is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Arbe Robotics Ltd (NASDAQ:ARBE)’s Major holders
The top two institutional holders are AWM INVESTMENT COMPANY, INC. with over 7.71 million shares worth more than $14.73 million. As of 2024-06-30, AWM INVESTMENT COMPANY, INC. held 9.8664% of shares outstanding.
The other major institutional holder is M&G PLC, with the holding of over 3.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.44 million and represent 4.7577% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Saba Capital Income & Opportunities Fd and Saba Capital Income & Opportunities Fund II . As of Oct 31, 2024 , the former fund manager holds about 0.44% shares in the company for having 391.77 shares of worth $1.17 million while later fund manager owns 200.08 shares of worth $0.6 million as of Oct 31, 2024 , which makes it owner of about 0.22% of company’s outstanding stock.
