Arbe Robotics Ltd (NASDAQ:ARBE) traded at $2.63 at close of the session on Friday, January 03 and made an upward move of 28.92% on its previous day’s price.
Looking at the stock we see that its previous close was $2.04 and the beta (5Y monthly) reads 0.026 with the day’s price range being $2.1 – $2.77. In terms of its 52-week price range, ARBE has a high of $2.57 and a low of $1.39. The company’s stock has gained about 56.55% over that past 30 days.
Arbe Robotics Ltd has a market cap of $288.44 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the ARBE stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 44.78% off its SMA20 and 46.51% from its 50-day simple moving average. The RSI (14) is pointing at 74.03 while the volatility over the past week is 19.50% and jumps to 9.28% over the past one month. The beta value is -0.01, while the average true range (ATR) is currently pointing at 0.22.
Coming back to Arbe Robotics Ltd (NASDAQ:ARBE), we note that the average 3-month trading volume was 264.20K, while that of the preceding 10-day period stands at 1.78 million. Current shares outstanding are 78.22 million.
The insiders hold 34.54% of the company’s shares while institutions hold 22.32%. The data shows that short shares as of 2024-11-15, stood at 0.53 million at a short ratio of 6.42. This represents a 90.00 short interest in shares outstanding on 2024-11-15. Shares short fall in November from the previous month at 0.57 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 41.40% up in year-to-date price movement.
