Arbe Robotics (NASDAQ:ARBE) Issues Earnings Results

Arbe Robotics (NASDAQ:ARBE) posted its quarterly earnings data on Monday. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03), Zacks reports. Arbe Robotics had a negative net margin of 9,094.40% and a negative return on equity of 96.24%. Arbe Robotics updated its FY 2025 guidance to EPS.

Arbe Robotics Price Performance

Shares of NASDAQ ARBE opened at $1.45 on Monday. The stock has a fifty day moving average price of $1.84 and a 200 day moving average price of $1.62. Arbe Robotics has a 1-year low of $0.85 and a 1-year high of $5.09. The company has a market cap of $152.65 million, a PE ratio of -2.59 and a beta of 0.49.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. 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. Weiss Ratings restated a “sell (e+)” rating on shares of Arbe Robotics in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.25.

Institutional Trading of Arbe Robotics

Several hedge funds have recently made changes to their positions in the company. Resurgent Financial Advisors LLC purchased a new stake in shares of Arbe Robotics in the third quarter valued at about $30,000. Two Sigma Investments LP lifted its position in Arbe Robotics by 25.2% in the third quarter. Two Sigma Investments LP now owns 109,283 shares of the company’s stock valued at $180,000 after purchasing an additional 21,990 shares during the period. Invesco Ltd. acquired a new stake in Arbe Robotics in the second quarter valued at about $41,000. Geode Capital Management LLC boosted its holdings in Arbe Robotics by 77.7% in the 2nd quarter. Geode Capital Management LLC now owns 94,209 shares of the company’s stock valued at $168,000 after purchasing an additional 41,184 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Arbe Robotics during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 33.42% of the company’s stock.

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.