During the last session, Arbe Robotics Ltd (NASDAQ:ARBE)’s traded shares were 1.6 million, with the beta value of the company hitting 0.24. At the end of the trading day, the stock’s price was $1.21, reflecting an intraday loss of -0.82% or -$0.01. The 52-week high for the ARBE share is $5.09, that puts it down -320.66 from that peak though still a striking 7.44% gain since the share price plummeted to a 52-week low of $1.12. The company’s market capitalization is $115.44M, and the average intraday trading volume over the past 10 days was 3.03 million shares, and the average trade volume was 10.63 million shares over the past three months.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Arbe Robotics Ltd (ARBE) registered a -0.82% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.82% in intraday trading to $1.21, hitting a weekly high. The stock’s 5-day price performance is -11.03%, and it has moved by -36.65% in 30 days. Based on these gigs, the overall price performance for the year is -40.39%. The short interest in Arbe Robotics Ltd (NASDAQ:ARBE) is 6.94 million shares and it means that shorts have 1.62 day(s) to cover.
Arbe Robotics Ltd (ARBE) estimates and forecasts
In the rating firms’ projections, revenue will increase 388.28% 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 100k as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 200k 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 shrink by -27.01% and then drop by -51.10% in the coming quarter.
While earnings are projected to return 44.26% in 2025.
ARBE Dividends
Arbe Robotics Ltd is due to release its next quarterly earnings on 2025-Mar-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arbe Robotics Ltd (NASDAQ:ARBE)’s Major holders
Arbe Robotics Ltd insiders own 17.05% of total outstanding shares while institutional holders control 44.00%, with the float percentage being 53.04%. AWM INVESTMENT COMPANY, INC. is the largest shareholder of the company, while 41.0 institutions own stock in it. As of 2024-06-30, the company held over 7.71 million shares (or 9.8664% of all shares), a total value of $14.73 million in shares.
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 Fund and Saba Capital Income & Opportunities Fund II . Data provided on Oct 31, 2024 indicates that Saba Capital Income & Opportunities Fund owns about 391.77 shares. This amounts to just over 0.44 percent of the company’s overall shares, with a $0.47 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 $0.24 million.
