Maxim Group Cuts Arbe Robotics (NASDAQ:ARBE) Price Target to $3.00

Arbe Robotics (NASDAQ:ARBE) had its price objective reduced by Maxim Group from $4.00 to $3.00 in a research report released on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Arbe Robotics Trading Up 0.6 %

Arbe Robotics stock opened at $1.79 on Friday. Arbe Robotics has a 52 week low of $1.40 and a 52 week high of $2.57. The stock has a market cap of $144.51 million, a price-to-earnings ratio of -2.42 and a beta of -0.03. The company’s 50-day moving average price is $1.87 and its two-hundred day moving average price is $1.94.

Institutional Investors Weigh In On Arbe Robotics

A hedge fund recently raised its stake in Arbe Robotics stock. Ground Swell Capital LLC grew its position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) by 114.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 38,024 shares of the company’s stock after purchasing 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 filing with the SEC. 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.