Arbe Robotics Ltd. (NASDAQ:ARBE – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 661,200 shares, a decline of 6.2% from the March 31st total of 704,900 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is currently 4.7 days. Approximately 1.4% of the shares of the company are sold short.
Arbe Robotics Stock Performance
ARBE stock opened at $1.79 on Thursday. The stock’s fifty day simple moving average is $1.91 and its two-hundred day simple moving average is $1.94. Arbe Robotics has a 1-year low of $1.40 and a 1-year high of $3.31. The stock has a market cap of $140.02 million, a P/E ratio of -2.45 and a beta of -0.15.
Arbe Robotics (NASDAQ:ARBE – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Arbe Robotics had a negative return on equity of 69.50% and a negative net margin of 2,959.18%. The business had revenue of $0.35 million for the quarter, compared to analysts’ expectations of $4.00 million. As a group, analysts forecast that Arbe Robotics will post -0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
Further Reading
- Five stocks we like better than Arbe Robotics
- 3 Healthcare Dividend Stocks to Buy
- AMD is Down 35%. Now is the Time to Buy the Dip
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Amazon Stands Tall: New Highs Are in Sight
- Health Care Stocks Explained: Why You Might Want to Invest
- Chesapeake Energy Stock is The Energy Play, Earnings Confirm
Receive News & Ratings for Arbe Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arbe Robotics and related companies with MarketBeat.com's FREE daily email newsletter.