Arbe Robotics Ltd (NASDAQ:ARBE) shares traded -12.10% lower at $2.76 on Wall Street last session.
ARBE stock price is now 33.79% away from the 50-day moving average and 39.95% away from the 200-day moving average. The market capitalization of the company currently stands at $263.30M.
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With the price target reduced from $4 to $3, Maxim Group maintained Buy rating for Arbe Robotics Ltd (NASDAQ: ARBE). On February 04, 2022, Maxim Group recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘Cowen’ rates the stock as ‘Outperform’
In other news, Canaan Partners Israel (CPI) C, 10% Owner bought 36,186 shares of the company’s stock on Jan 07 ’25. The stock was bought for $180,930 at an average price of $5.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer Machness Ram bought 79,209 shares of the business’s stock. A total of $208,320 was incurred on buying the stock at an average price of $2.63. A total of 34.41% of the company’s stock is owned by insiders.
During the past 12 months, Arbe Robotics Ltd has had a low of $1.39 and a high of $5.09. As of last week, the company has a debt-to-equity ratio of 1.91, a current ratio of 1.44, and a quick ratio of 1.44. The fifty day moving average price for ARBE is $2.0629 and a two-hundred day moving average price translates $1.97208 for the stock.
The latest earnings results from Arbe Robotics Ltd (NASDAQ: ARBE) was released for 2024-06-30. The net profit margin was -4567.91% and return on equity was -143.22% for ARBE. The company reported revenue of $0.41 million for the quarter, compared to $0.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.52 percent. For the current quarter, analysts expect ARBE to generate $400k in revenue.
