Arbe Robotics Ltd (NASDAQ:ARBE) has a beta value of 0.37 and has seen 1.15 million shares traded in the recent trading session. The company, currently valued at $95.88M, closed the recent trade at $1.00 per share which meant it lost -$0.08 on the day or -6.94% during that session. The ARBE stock price is -409.0% off its 52-week high price of $5.09 and -8.0% below the 52-week low of $1.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.79 million shares traded. The 3-month trading volume is 10.46 million shares.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Sporting -6.94% in the red today, 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 $1.00 or saw a rise of 24.81%. Year-to-date, Arbe Robotics Ltd shares have moved -45.97%, while the 5-day performance has seen it change -22.69%. Over the past 30 days, the shares of Arbe Robotics Ltd (NASDAQ:ARBE) have changed -45.68%. Short interest in the company has seen 6.94 million shares shorted with days to cover at 1.62.
Arbe Robotics Ltd (ARBE) estimates and forecasts
The company’s shares have lost -48.98% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 388.28%.
2 analysts offering their estimates for the company have set an average revenue estimate of 100k for the current quarter. 2 have an estimated revenue figure of 200k for the next ending quarter. Year-ago sales stood 137k and 409k respectively for this quarter and the next, and analysts expect sales will shrink by -27.01% for the current quarter and 388.28% for the next.
ARBE Dividends
Arbe Robotics Ltd is expected to release its next earnings report on 2025-Mar-04 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
Insiders own 17.05% of the company shares, while shares held by institutions stand at 44.00% with a share float percentage of 53.04%. Investors are also buoyed by the number of investors in a company, with Arbe Robotics Ltd having a total of 41.0 institutions that hold shares in the company. 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 Fund 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 $0.39 million while later fund manager owns 200.08 shares of worth $0.2 million as of Oct 31, 2024 , which makes it owner of about 0.22% of company’s outstanding stock.
