Arbe Robotics Ltd (NASDAQ:ARBE) has a beta value of 0.05 and has seen 5.39 million shares traded in the last trading session. The company, currently valued at $246.13M, closed the last trade at $2.58 per share which meant it lost -$0.12 on the day or -4.44% during that session. The ARBE stock price is -97.29% off its 52-week high price of $5.09 and 46.12% above the 52-week low of $1.39.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Sporting -4.44% in the red 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 $2.58 or saw a rise of 16.23%. Year-to-date, Arbe Robotics Ltd shares have moved 38.71%, while the 5-day performance has seen it change -16.50%. Over the past 30 days, the shares of Arbe Robotics Ltd (NASDAQ:ARBE) have changed -17.83%.
Arbe Robotics Ltd (ARBE) estimates and forecasts
The company’s shares have gained 26.47% over the past 6 months. 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.
Earnings growth for 2025 is a modest 26.06% while over the next 5 years, the company’s earnings are expected to increase by 51.70%.
ARBE Dividends
Arbe Robotics Ltd is expected to release its next earnings report in March 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 $1.01 million while later fund manager owns 200.08 shares of worth $0.52 million as of Oct 31, 2024 , which makes it owner of about 0.22% of company’s outstanding stock.
