Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) saw unusually large options trading activity on Monday. Traders bought 15,754 call options on the stock. This is an increase of 4,823% compared to the average daily volume of 320 call options.
Wall Street Analysts Forecast Growth
Separately, Maxim Group reduced their target price on shares of Arbe Robotics from $4.00 to $3.00 and set a "buy" rating on the stock in a research note on Friday, November 29th.
Read Our Latest Research Report on Arbe Robotics
Institutional Investors Weigh In On Arbe Robotics
A hedge fund recently bought a new stake in Arbe Robotics stock. Ground Swell Capital LLC bought a new position in Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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.
Arbe Robotics Stock Up 52.1 %
Arbe Robotics stock traded up $1.37 during midday trading on Monday, reaching $4.00. The stock had a trading volume of 128,699,599 shares, compared to its average volume of 45,842,480. The firm has a market cap of $322.90 million, a price-to-earnings ratio of -5.41 and a beta of -0.04. Arbe Robotics has a 52-week low of $1.39 and a 52-week high of $4.90. The company has a fifty day moving average of $1.79 and a 200 day moving average of $1.94.
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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