Arbe Robotics (NASDAQ:ARBE - Get Free Report) had its target price cut by investment analysts at Maxim Group from $4.00 to $3.00 in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Maxim Group's price objective indicates a potential upside of 67.60% from the company's previous close.
Arbe Robotics Stock Up 0.6 %
Shares of ARBE traded up $0.01 during trading on Friday, reaching $1.79. The company's stock had a trading volume of 90,448 shares, compared to its average volume of 107,221. The company has a market cap of $144.51 million, a price-to-earnings ratio of -2.42 and a beta of -0.03. The company has a fifty day moving average of $1.87 and a two-hundred day moving average of $1.94. Arbe Robotics has a twelve month low of $1.40 and a twelve month high of $2.57.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Arbe Robotics stock. Ground Swell Capital LLC purchased a new stake in Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 17,700 shares of the company's stock, valued at approximately $34,000. Institutional investors and hedge funds own 33.42% of the company's stock.
About Arbe Robotics
(
Get Free Report)
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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