In the last trading session, 3.06 million Arbe Robotics Ltd (NASDAQ:ARBE) shares changed hands as the company’s beta touched 0.30. With the company’s per share price at $1.27 changed hands at $0.05 or 4.10% during last session, the market valuation stood at $121.16M. ARBE’s last price was a discount, traded about -300.79% off its 52-week high of $5.09. The share price had its 52-week low at $1.12, which suggests the last value was 11.81% up since then. When we look at Arbe Robotics Ltd’s average trading volume, we note the 10-day average is 3.85 million shares, with the 3-month average coming to 10.28 million.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Instantly ARBE was in green as seen at the end of in last trading. With action 6.72%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -31.72%, with the 5-day performance at 6.72% in the green. However, in the 30-day time frame, Arbe Robotics Ltd (NASDAQ:ARBE) is -55.90% down. Looking at the short shares, we see there were 5.88 million shares sold at short interest cover period of 0.92 days.
Arbe Robotics Ltd (ARBE) estimates and forecasts
Year-over-year growth is forecast to reach 388.28% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 100k. 2 analysts are of the opinion that Arbe Robotics Ltd’s revenue for the current quarter will be 200k. The company’s revenue for the corresponding quarters a year ago was 137k and 409k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -27.01%. The estimates for the next quarter sales put growth at -51.10%.
The 2025 estimates are for Arbe Robotics Ltd earnings to increase by 44.26%.
ARBE Dividends
Arbe Robotics Ltd is expected to release its next quarterly earnings report on 2025-Mar-04.
Arbe Robotics Ltd (NASDAQ:ARBE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.05% of Arbe Robotics Ltd shares while 44.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.04%. There are 44.00% institutions holding the Arbe Robotics Ltd stock share, with AWM INVESTMENT COMPANY, INC. the top institutional holder. As of 2024-06-30, the company held 9.8664% of the shares, roughly 7.71 million ARBE shares worth $14.73 million.
M&G PLC holds the second largest percentage of outstanding shares, with 4.7577% or 3.72 million shares worth $7.44 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Saba Capital Income & Opportunities Fd and Saba Capital Income & Opportunities Fund II . With 391.77 shares estimated at $0.5 million under it, the former controlled 0.44% of total outstanding shares. On the other hand, Saba Capital Income & Opportunities Fund II held about 0.22% of the shares, roughly 200.08 shares worth around $0.25 million.
