During the last session, Arbe Robotics Ltd (NASDAQ:ARBE)’s traded shares were 6.38 million, with the beta value of the company hitting 0.05. At the end of the trading day, the stock’s price was $2.88, reflecting an intraday gain of 7.46% or $0.2. The 52-week high for the ARBE share is $5.09, that puts it down -76.74 from that peak though still a striking 51.74% gain since the share price plummeted to a 52-week low of $1.39. The company’s market capitalization is $274.75M, and the average trade volume was 8.66 million shares over the past three months.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Arbe Robotics Ltd (ARBE) registered a 7.46% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.46% in intraday trading to $2.88, hitting a weekly high. The stock’s 5-day price performance is 5.49%, and it has moved by -4.00% in 30 days. Based on these gigs, the overall price performance for the year is 57.38%.
Arbe Robotics Ltd (ARBE) estimates and forecasts
In the rating firms’ projections, revenue will decrease -25.17% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 400k as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 500k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 347k and 137k respectively. In this case, analysts expect current quarter sales to grow by 15.27% and then jump by 264.96% in the coming quarter.
While earnings are projected to return 26.06% in 2025, the next five years will return 51.70% per annum.
ARBE Dividends
Arbe Robotics Ltd is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
