Arbe Robotics Ltd [NASDAQ: ARBE] plunged by -$0.02 during the normal trading session on while it closed the day at $2.48.
Arbe Robotics Ltd stock has also loss -0.80% of its value over the past 7 days. However, ARBE stock has inclined by 38.55% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.35% and gained 33.33% year-on date.
The market cap for ARBE stock reached $236.59 million, with 78.22 million shares outstanding and 62.58 million shares in the current float. Compared to the average trading volume of 7.65M shares, ARBE reached a trading volume of 3517168 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 0.39, with the Price to Sales ratio for ARBE stock in the period of the last 12 months amounting to 231.95. The Price to Book ratio for the last quarter was 11.27, 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 -0.80. With this latest performance, ARBE shares dropped by -5.70% in over the last four-week period, additionally plugging by 15.35% over the last 6 months – not to mention a rise of 34.89% 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 47.82, with the RSI for the last a single of trading hit 44.19, and the three-weeks RSI is set at 49.84 for Arbe Robotics Ltd [ARBE]. The present Moving Average for the last 50 days of trading for this stock 2.28, while it was recorded at 2.49 for the last single week of trading, and 2.01 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%.
