During the last session, Arbe Robotics Ltd (NASDAQ:ARBE)’s traded shares were 12.08 million, with the beta value of the company hitting 0.15. At the end of the trading day, the stock’s price was $1.35, reflecting an intraday loss of -18.67% or -$0.31. The 52-week high for the ARBE share is $5.09, that puts it down -277.04 from that peak though still a striking -2.96% loss since the share price plummeted to a 52-week low of $1.39. The company’s market capitalization is $128.79M, and the average trade volume was 9.94 million shares over the past three months.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Arbe Robotics Ltd (ARBE) registered a -18.67% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -18.67% in intraday trading to $1.35, hitting a weekly high. The stock’s 5-day price performance is -32.16%, and it has moved by -45.78% in 30 days. Based on these gigs, the overall price performance for the year is -29.32%.
Arbe Robotics Ltd (ARBE) estimates and forecasts
In the rating firms’ projections, revenue will increase 876.56% 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 500k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 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 137k and 409k respectively. In this case, analysts expect current quarter sales to grow by 264.96% and then jump by 22.25% in the coming quarter.
While earnings are projected to return 27.05% in 2025.
ARBE Dividends
Arbe Robotics Ltd is due to release its next quarterly earnings in April. 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.
Also, the Mutual Funds coming in first place with the largest holdings of Arbe Robotics Ltd (ARBE) shares are Saba Capital Income & Opportunities Fd and Saba Capital Income & Opportunities Fund II . Data provided on Oct 31, 2024 indicates that Saba Capital Income & Opportunities Fd owns about 391.77 shares. This amounts to just over 0.44 percent of the company’s overall shares, with a $0.53 million market value. The same data shows that the other fund manager holds slightly less at 200.08, or about 0.22% of the stock, which is worth about $0.27 million.
