Arbe Robotics Ltd (NASDAQ:ARBE) price on Wednesday, June 11, rose 1.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.70.
A look at the stock’s price movement, the close in the last trading session was $1.67. Turning to its 52-week performance, $5.09 and $0.85 were the 52-week high and 52-week low respectively. Overall, ARBE moved 13.33% over the past month.
Arbe Robotics Ltd’s market cap currently stands at around $178.77 million, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARBE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
ARBE’s current price about 3.41% and 22.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.30, while 7-day volatility ratio is 5.01% and 6.20% in the 30-day chart. Further, Arbe Robotics Ltd (ARBE) has a beta value of 0.42, and an average true range (ATR) of 0.12.
If we refocus on Arbe Robotics Ltd (NASDAQ:ARBE), historical trading data shows that trading volumes averaged 1.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 105.16 million shares.
The 28.36% of Arbe Robotics Ltd’s shares are in the hands of company insiders while institutional holders own 23.51% of the company’s shares. Current price change has pushed the stock -8.60% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARBE stock continues to rise going into the next quarter.
