Arbe Robotics Ltd (NASDAQ:ARBE) price closed higher on Tuesday, February 04, and jumping 0.40% above its previous close.
A look at the daily price movement shows that the last close reads $2.49, with intraday deals fluctuated between $2.44 and $2.61. The company’s 5Y monthly beta was ticking 0.026. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.09 and 52-week low of $1.39. The stock added 22.55% on its value in the past month.
Arbe Robotics Ltd, which has a market valuation of $238.49 million, is expected to release its quarterly earnings report in March.
On average, analysts have forecast the company’s revenue for the quarter will hit 400k, with the likely lows of 300k and highs of 500k. The average estimate suggests sales growth for the quarter will likely rise by 15.27% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 1.1M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -25.17% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ARBE a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that ARBE’s price is at present -15.68% off the SMA20 and 10.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.19, with weekly volatility standing at 9.20%. The indicator jumps to 19.39% when calculated based on the past 30 days. Arbe Robotics Ltd (NASDAQ:ARBE)’s beta value is holding at 0.06, while the average true range (ATR) indicator is currently reading 0.41.
An analysis of the Arbe Robotics Ltd (NASDAQ:ARBE) stock in terms of its daily trading volume indicates that the 3-month average is 7.57 million. However, this figure increases on the past 10-day timeline to an average of 7.87 million.
Current records show that the company has 78.22M in outstanding shares. The insiders’ percentage holdings are 34.41% of outstanding shares while the percentage share held by institutions stands at 19.90%. The stats also highlight that short interest as of 2024-11-15, stood at 0.53 million shares, which puts the short ratio at the time at 6.42. From this we can glean that short interest is 90.00 of company’s current outstanding shares. Notably, we see that shares short in November fall slightly given the previous month’s figure stood at 0.57 million. But the 34.41% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
