Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) - Stock analysts at Roth Capital increased their FY2024 earnings per share estimates for Arbe Robotics in a research report issued on Wednesday, November 6th. Roth Capital analyst S. Desilva now anticipates that the company will post earnings per share of ($0.52) for the year, up from their previous forecast of ($0.54). The consensus estimate for Arbe Robotics' current full-year earnings is ($0.52) per share. Roth Capital also issued estimates for Arbe Robotics' Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.35) EPS.
Arbe Robotics Stock Performance
NASDAQ:ARBE traded down $0.09 on Monday, reaching $1.79. The company's stock had a trading volume of 99,892 shares, compared to its average volume of 105,906. The business's 50-day moving average price is $1.92 and its two-hundred day moving average price is $1.94. Arbe Robotics has a 1-year low of $1.40 and a 1-year high of $2.57. The firm has a market cap of $144.50 million, a PE ratio of -2.53 and a beta of -0.03.
Hedge Funds Weigh In On Arbe Robotics
Institutional investors have recently modified their holdings of the company. Ground Swell Capital LLC bought a new stake in Arbe Robotics in the 2nd quarter worth approximately $34,000. PEAK6 Investments LLC bought a new stake in Arbe Robotics during the first quarter valued at about $319,000. Finally, M&G Plc bought a new position in Arbe Robotics during the first quarter valued at approximately $7,439,000. 33.42% of the stock is owned by institutional investors and hedge funds.
Arbe Robotics Company Profile
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Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.
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