Arbe Robotics (NASDAQ:ARBE – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, March 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Arbe Robotics Stock Performance
Shares of ARBE opened at $1.87 on Tuesday. Arbe Robotics has a 52-week low of $1.70 and a 52-week high of $4.39. The firm has a market cap of $144.78 million, a price-to-earnings ratio of -2.25 and a beta of -0.17. The business’s fifty day moving average is $1.95 and its 200-day moving average is $2.09.
Institutional Investors Weigh In On Arbe Robotics
Several hedge funds have recently modified their holdings of ARBE. Credit Suisse AG lifted its holdings in Arbe Robotics by 11.0% during the 2nd quarter. Credit Suisse AG now owns 1,729,089 shares of the company’s stock worth $4,997,000 after buying an additional 171,425 shares during the period. Saba Capital Management L.P. acquired a new position in Arbe Robotics during the 1st quarter worth about $322,000. Northern Trust Corp acquired a new position in Arbe Robotics during the 4th quarter worth about $96,000. Sphera Funds Management LTD. acquired a new position in Arbe Robotics during the 4th quarter worth about $94,000. Finally, NewEdge Advisors LLC acquired a new position in Arbe Robotics during the 2nd quarter worth about $226,000. Institutional investors and hedge funds own 15.67% of the company’s stock.
About Arbe Robotics
Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Sweden, Germany, Switzerland, the United States, Italy, and Israel. 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.
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