Arbe Robotics Ltd [NASDAQ: ARBE] closed the trading session at $2.76.
The stocks have a year to date performance of 48.39 percent and weekly performance of -26.20 percent. The stock has been moved at 23.77 percent over the last six months. The stock has performed 63.31 percent around the most recent 30 days and changed 38.35 percent over the most recent 3-months.
If compared to the average trading volume of 5.99M shares, ARBE reached to a volume of 12615680 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Arbe Robotics Ltd [ARBE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARBE shares is $3.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARBE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for Arbe Robotics Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 29, 2024. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on February 04, 2022, representing the official price target for Arbe Robotics Ltd stock. Previously, the target price had yet another raise from $12 to $15, while Cowen kept a Outperform rating on ARBE stock.
The Average True Range (ATR) for Arbe Robotics Ltd is set at 0.52, with the Price to Sales ratio for ARBE stock in the period of the last 12 months amounting to 258.14. The Price to Book ratio for the last quarter was 12.54, with the Price to Cash per share for the same quarter was set at 0.20.
ARBE stock trade performance evaluation
Arbe Robotics Ltd [ARBE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.20. With this latest performance, ARBE shares gained by 63.31% in over the last four-week period, additionally plugging by 23.77% over the last 6 months – not to mention a rise of 47.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARBE stock in for the last two-week period is set at 53.07, with the RSI for the last a single of trading hit 49.78, and the three-weeks RSI is set at 54.47 for Arbe Robotics Ltd [ARBE]. The present Moving Average for the last 50 days of trading for this stock 2.06, while it was recorded at 2.99 for the last single week of trading, and 1.97 for the last 200 days.
Arbe Robotics Ltd [ARBE]: An insightful look at the core fundamentals
Arbe Robotics Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.44 and a Current Ratio set at 1.44.
Arbe Robotics Ltd [ARBE]: Institutional Ownership
The top three institutional holders of ARBE stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 7.71 million shares, which is approximately 9.8664%. M&G PLC, holding 3.72 million shares of the stock with an approximate value of $$7.44 million in ARBE stocks shares; and M&G PLC, currently with $$5.43 million in ARBE stock with ownership which is approximately 3.6385%.
