Arbe Robotics (NASDAQ:ARBE) Trading Down 1.8% - What's Next?

Key Points

• Arbe Robotics' shares fell 1.8% to $1.68, with trading volume down 48% compared to the average session.
• Roth Capital set a $2.00 target price for Arbe Robotics, offering a "buy" rating and indicating potential for growth.
• Institutional investors currently hold 33.42% of Arbe Robotics' stock, with notable increases in stakes from several firms in the second quarter.

Shares of Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) fell 1.8% on Monday . The stock traded as low as $1.68 and last traded at $1.68. 2,250,114 shares were traded during mid-day trading, a decline of 48% from the average session volume of 4,359,170 shares. The stock had previously closed at $1.71.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $2.00 target price on Arbe Robotics and gave the company a "buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $2.25.

Arbe Robotics Stock Down 1.8%

The firm has a fifty day moving average of $1.41 and a 200-day moving average of $1.42. The stock has a market capitalization of $176.87 million, a price-to-earnings ratio of -3.00 and a beta of 0.42.

Hedge Funds Weigh In On Arbe Robotics

Several institutional investors have recently added to or reduced their stakes in the business. Sender Co & Partners Inc. acquired a new position in Arbe Robotics in the second quarter valued at $154,000. Invesco Ltd. acquired a new position in Arbe Robotics in the second quarter valued at $41,000. Quadrature Capital Ltd acquired a new stake in Arbe Robotics during the second quarter worth about $29,000. Geode Capital Management LLC increased its stake in Arbe Robotics by 77.7% during the second quarter. Geode Capital Management LLC now owns 94,209 shares of the company's stock worth $168,000 after acquiring an additional 41,184 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in Arbe Robotics by 30.9% during the second quarter. SBI Securities Co. Ltd. now owns 66,240 shares of the company's stock worth $118,000 after acquiring an additional 15,629 shares during the last quarter. 33.42% of the stock is currently owned by institutional investors and hedge funds.

About Arbe Robotics

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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