Arbe Robotics Target of Unusually High Options Trading (NASDAQ:ARBE)

Key Points

• Arbe Robotics Ltd. experienced a significant increase in options trading, with 2,319 put options acquired, marking a 99% rise from the typical trading volume.
• Analysts from Roth Capital have assigned a price target of $2.00 for Arbe Robotics, which currently holds a consensus rating of "Moderate Buy" and an average price target of $2.25.
• As of the latest trading session, Arbe's stock was down 1.3% at $1.92, with substantial trading volume, indicating ongoing investor interest despite recent declines.

Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) was the target of some unusual options trading on Friday. Stock investors acquired 2,319 put options on the company. This is an increase of 99% compared to the typical volume of 1,168 put options.

Wall Street Analyst Weigh In

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

Arbe Robotics Stock Down 1.3%

Shares of NASDAQ ARBE traded down $0.03 during midday trading on Friday, reaching $1.92. 1,131,320 shares of the stock were exchanged, compared to its average volume of 4,706,312. The firm has a 50-day simple moving average of $1.42 and a two-hundred day simple moving average of $1.43. Arbe Robotics has a twelve month low of $0.85 and a twelve month high of $5.09. The firm has a market cap of $201.61 million, a price-to-earnings ratio of -3.42 and a beta of 0.47.

Institutional Investors Weigh In On Arbe Robotics

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Arbe Robotics during the 2nd quarter worth $27,000. Quadrature Capital Ltd acquired a new stake in Arbe Robotics in the 2nd quarter valued at about $29,000. Invesco Ltd. purchased a new position in Arbe Robotics in the 2nd quarter worth approximately $41,000. Jane Street Group LLC acquired a new position in shares of Arbe Robotics during the 4th quarter worth approximately $48,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in shares of Arbe Robotics in the first quarter valued at approximately $36,000. 33.42% of the stock is currently owned by institutional investors and hedge funds.

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.

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