Arbe Robotics Sees Unusually High Options Volume (NASDAQ:ARBE)

Arbe Robotics Ltd. (NASDAQ:ARBEGet Free Report) was the target of unusually large options trading activity on Monday. Stock traders bought 15,754 call options on the stock. This represents an increase of approximately 4,823% compared to the typical volume of 320 call options.

Analyst Upgrades and Downgrades

Separately, Maxim Group lowered their price target on Arbe Robotics from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 29th.

Check Out Our Latest Analysis on Arbe Robotics

Arbe Robotics Trading Down 6.0 %

Arbe Robotics stock opened at $3.76 on Wednesday. The company’s 50-day moving average price is $1.87 and its two-hundred day moving average price is $1.97. The stock has a market cap of $303.53 million, a price-to-earnings ratio of -5.08 and a beta of -0.04. Arbe Robotics has a 52 week low of $1.39 and a 52 week high of $5.09.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arbe Robotics stock. Ground Swell Capital LLC boosted its holdings in Arbe Robotics Ltd. (NASDAQ:ARBEFree Report) by 114.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,024 shares of the company’s stock after acquiring an additional 20,324 shares during the quarter. Ground Swell Capital LLC’s holdings in Arbe Robotics were worth $73,000 as of its most recent SEC filing. 33.42% of the stock is currently owned by institutional investors.

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.

Further Reading

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