Arbe Robotics (NASDAQ:ARBE) Trading Down 0.8% - Should You Sell?

Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) was down 0.8% on Wednesday . The stock traded as low as $2.37 and last traded at $2.48. Approximately 3,567,867 shares traded hands during trading, a decline of 82% from the average daily volume of 19,843,059 shares. The stock had previously closed at $2.50.

Analyst Ratings Changes

Separately, Maxim Group cut their price target on Arbe Robotics from $4.00 to $3.00 and set a "buy" rating for the company in a report on Friday, November 29th.

Arbe Robotics Price Performance

The stock has a fifty day moving average price of $2.39 and a 200 day moving average price of $2.09. The stock has a market capitalization of $249.10 million, a P/E ratio of -3.74 and a beta of 0.02.

Arbe Robotics (NASDAQ:ARBE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 27th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). Arbe Robotics had a negative return on equity of 102.87% and a negative net margin of 4,567.91%. During the same period in the prior year, the business earned ($0.12) earnings per share. Research analysts anticipate that Arbe Robotics Ltd. will post -0.58 earnings per share for the current year.

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Institutional Investors Weigh In On Arbe Robotics

An institutional investor recently raised its position in Arbe Robotics stock. Ground Swell Capital LLC raised its position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) by 114.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,024 shares of the company's stock after purchasing an additional 20,324 shares during the period. Ground Swell Capital LLC's holdings in Arbe Robotics were worth $73,000 at the end of the most recent reporting period. 33.42% of the stock is currently owned by hedge funds and other institutional investors.

Arbe Robotics Company Profile

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.