Arbe Robotics Ltd [NASDAQ: ARBE] loss -5.84% on the last trading session, reaching $2.42 price per share at the time.
If compared to the average trading volume of 9.17M shares, ARBE reached a trading volume of 4919455 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $4.00 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 0.33, with the Price to Sales ratio for ARBE stock in the period of the last 12 months amounting to 226.34. The Price to Book ratio for the last quarter was 11.00, with the Price to Cash per share for the same quarter was set at 0.20.
Trading performance analysis for ARBE stock
Arbe Robotics Ltd [ARBE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.70. With this latest performance, ARBE shares dropped by -16.26% in over the last four-week period, additionally plugging by 19.80% over the last 6 months – not to mention a rise of 28.72% 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 45.09, with the RSI for the last a single of trading hit 40.42, and the three-weeks RSI is set at 47.68 for Arbe Robotics Ltd [ARBE]. The present Moving Average for the last 50 days of trading for this stock 2.47, while it was recorded at 2.63 for the last single week of trading, and 2.06 for the last 200 days.
Arbe Robotics Ltd [ARBE]: A deeper dive into fundamental analysis
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]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARBE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Arbe Robotics Ltd go to 51.70%.
An analysis of Institutional ownership at Arbe Robotics Ltd [ARBE]
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%.
