The trading price of Arbe Robotics Ltd (NASDAQ:ARBE) closed higher on Friday, December 27, and closing at $2.14, 18.89% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.92 and $2.24. In examining the 52-week price action we see that the stock hit a 52-week high of $2.57 and a 52-week low of $1.39. Over the past month, the stock has gained 12.04% in value.
Arbe Robotics Ltd, whose market valuation is $216.43 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.1 per share this quarter, however they have predicted annual earnings per share of -0.4 for current year and -0.39 for next year.
Analysts have forecast the company to bring in revenue of 400k for the current quarter, with the likely lows of 300k and highs of 500k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.1M.
On the technical side, indicators suggest ARBE has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that ARBE’s price is currently 24.09% off the SMA20 and 20.06% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.29, and weekly volatility stands at 12.22%. When measured over the past 30 days, the indicator reaches 6.86%. Arbe Robotics Ltd (NASDAQ:ARBE)’s beta value is currently sitting at 0.02, while the Average True Range indicator is currently displaying 0.14.
To see how Arbe Robotics Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: ARBE stock’s performance was 18.89% in the latest trading, and -3.60% in the past year.
An evaluation of the daily trading volume of Arbe Robotics Ltd (NASDAQ:ARBE) indicates that the 3-month average is 146.80K. However, this figure has increased over the past 10 days to an average of 0.64.
Currently, records show that 78.22 million of the company’s shares remain outstanding. The insiders hold 34.54% of outstanding shares, whereas institutions hold 22.32%. The stats also highlight that short interest as of 2024-11-15, stood at 0.53 million shares, resulting in a short ratio of 6.42 at that time. From this, we can conclude that short interest is 90.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 0.57 million. However, since the stock’s price has seen -1.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
