In the latest trading session, 0.93 million Arbe Robotics Ltd (NASDAQ:ARBE) shares changed hands as the company’s beta touched 0.39. With the company’s most recent per share price at $0.97 changing hands around $0.03 or 2.76% at last look, the market valuation stands at $101.57M. ARBE’s current price is a discount, trading about -424.74% off its 52-week high of $5.09. The share price had its 52-week low at $0.90, which suggests the last value was 7.22% up since then. When we look at Arbe Robotics Ltd’s average trading volume, we note the 10-day average is 1.86 million shares, with the 3-month average coming to 10.23 million.
Arbe Robotics Ltd (NASDAQ:ARBE) trade information
Instantly ARBE is in green as seen in intraday trades today. With action -6.22%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -48.07%, with the 5-day performance at -6.22% in the red. However, in the 30-day time frame, Arbe Robotics Ltd (NASDAQ:ARBE) is -25.12% down. Looking at the short shares, we see there were 6.94 million shares sold at short interest cover period of 1.62 days.
Arbe Robotics Ltd (ARBE) estimates and forecasts
Year-over-year growth is forecast to reach 311.29% 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 39.34%, but the outlook for the next 5-year period is at 20.20% per year.
Arbe Robotics Ltd (NASDAQ:ARBE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.82% of Arbe Robotics Ltd shares while 38.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.92%. There are 38.26% 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 Fund and Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund. With 391.77 shares estimated at $0.36 million under it, the former controlled 0.44% of total outstanding shares. On the other hand, Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund held about 0.06% of the shares, roughly 53.02 shares worth around $48464.0.
