Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report)'s share price dropped 6.2% during trading on Tuesday . The stock traded as low as $1.65 and last traded at $1.67. Approximately 1,878,617 shares changed hands during trading, a decline of 38% from the average daily volume of 3,042,476 shares. The stock had previously closed at $1.78.
Analysts Set New Price Targets
ARBE has been the topic of a number of research analyst reports. Canaccord Genuity Group began coverage on Arbe Robotics in a research report on Tuesday, April 1st. They set a "buy" rating and a $1.75 price target on the stock. Maxim Group lowered shares of Arbe Robotics from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th.
Check Out Our Latest Report on Arbe Robotics
Arbe Robotics Trading Up 6.0%
The stock's 50 day moving average is $1.55 and its two-hundred day moving average is $1.81. The stock has a market capitalization of $186.35 million, a price-to-earnings ratio of -2.68 and a beta of 0.44.
Institutional Investors Weigh In On Arbe Robotics
Several institutional investors have recently bought and sold shares of ARBE. Walleye Capital LLC bought a new position in shares of Arbe Robotics during the 4th quarter worth approximately $25,000. Thoroughbred Financial Services LLC acquired a new stake in Arbe Robotics in the 1st quarter valued at $36,000. Two Sigma Securities LLC bought a new stake in Arbe Robotics during the 4th quarter worth about $37,000. Wolverine Trading LLC acquired a new position in shares of Arbe Robotics during the 4th quarter worth about $38,000. Finally, Jane Street Group LLC bought a new position in shares of Arbe Robotics in the 4th quarter valued at about $48,000. Institutional investors own 33.42% of the company's stock.
Arbe Robotics Company Profile
(
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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