Currently, there are 78.22M common shares owned by the public and among those 62.58M shares have been available to trade.
The company’s stock has a 5-day price change of 24.10% and 78.61% over the past three months. ARBE shares are trading 66.13% year to date (YTD), with the 12-month market performance up to 69.78% higher. It has a 12-month low price of $1.39 and touched a high of $5.09 over the same period. ARBE has an average intraday trading volume of 8.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.49%, 31.87%, and 52.22% respectively.
Institutional ownership of Arbe Robotics Ltd (NASDAQ: ARBE) shares accounts for 19.91% of the company’s 78.22M shares outstanding.
It has a market capitalization of $294.79M and a beta (3y monthly) value of 0.04. The earnings-per-share (ttm) stands at -$0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.33% over the week and 15.23% over the month.
Earnings per share for the fiscal year are expected to increase by 26.06%, and 14.29% over the next financial year.
Looking at the support for the ARBE, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on November 29, 2024, with the firm’s price target at $4-$3. Maxim Group coverage for the Arbe Robotics Ltd (ARBE) stock in a research note released on February 04, 2022 offered a Buy rating with a price target of $14. Cowen was of a view on December 08, 2021 that the stock is Outperform, while Wells Fargo gave the stock Overweight rating on November 02, 2021, issuing a price target of $19.
