Arbe Robotics Ltd (NASDAQ:ARBE) does about 4.92M shares in volume on a normal day but saw 20938301 shares change hands in the recent trading day. The company now has a market cap of 267.12M USD. Its current market price is $2.80, marking a decrease of -25.13% compared to the previous close of $3.74. The 52 week high reached by this stock is $5.09 whilst the lowest price level in 52 weeks is $1.39.
Arbe Robotics Ltd (ARBE) has a 20-day trading average at $2.27 and the current price is -44.99% off the 52-week high compared with 100.72% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.96 and its 200-day simple moving average is $1.95. If we look at the stock’s price movements over the week, volatility stands at 34.20%, which decreases to 16.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.85 to suggest the stock is neutral.
The consensus objective for the share price is $3.33, suggesting that the stock has a potential upside of 15.92% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 29, 2024 when Maxim Group reiterated the stock to “Buy” and issued a price target of between $4 and $3. Cowen reiterated its price target at $12-$15.
The current price level is 23.51%, 42.60%, and 43.37% away from its SMA20, SMA50, and SMA200 respectively, with the ARBE price moving below the 50-day SMA on current market day. Arbe Robotics Ltd (ARBE) stock is up 6.46% over the week and 62.79% over the past month. Its price is 50.54% year-to-date and 42.86% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.1 and -0.4 for whole year. Expected sales for next quarter are $500k, which analysts say will come at $1.1M for the current fiscal year and next year at $7.25M. In addition, estimates put the company’s current quarterly revenue at an average of $400k.
To reach the target analysts have set, the stock logically needs to grow 15.92 percent from here.
Outstanding shares total 78.22M with insiders holding 18.33% of the shares and institutional holders owning 38.69% of the company’s common stock. The company has a return on investment of -248.75% and return on equity of -143.22%. The beta has a value of -0.19. Price to book ratio is 12.72 and price to sales ratio is 261.88.
