Arbe Robotics (NASDAQ:ARBE) Trading Up 2.3%

Arbe Robotics Ltd. (NASDAQ:ARBEGet Rating)’s stock price was up 2.3% on Thursday . The stock traded as high as $5.94 and last traded at $5.87. Approximately 10,066 shares changed hands during trading, a decline of 73% from the average daily volume of 37,211 shares. The stock had previously closed at $5.74.

Arbe Robotics Stock Performance

The company has a fifty day moving average price of $5.69 and a two-hundred day moving average price of $6.67.

Arbe Robotics (NASDAQ:ARBEGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.04. The company had revenue of $0.88 million during the quarter, compared to analyst estimates of $0.70 million. On average, research analysts anticipate that Arbe Robotics Ltd. will post -0.66 EPS for the current year.

Hedge Funds Weigh In On Arbe Robotics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Credit Suisse AG acquired a new position in shares of Arbe Robotics in the fourth quarter worth approximately $13,384,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Arbe Robotics in the fourth quarter valued at approximately $13,020,000. ARK Investment Management LLC acquired a new position in Arbe Robotics in the first quarter valued at approximately $1,875,000. ETF Managers Group LLC acquired a new position in Arbe Robotics in the fourth quarter valued at approximately $537,000. Finally, Saba Capital Management L.P. acquired a new position in Arbe Robotics in the first quarter valued at approximately $322,000. 17.09% of the stock is owned by institutional investors and hedge funds.

Arbe Robotics Company Profile

(Get Rating)

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in Israel and the United States. 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, and eliminating false alarms without radar ambiguities.

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