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

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of some unusual options trading on Friday. Traders purchased 2,319 put options on the company. This represents an increase of 99% compared to the average daily volume of 1,168 put options.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ARBE shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Arbe Robotics in a research note on Saturday, September 27th. Roth Capital set a $2.00 price target on Arbe Robotics and gave the stock a “buy” rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.25.

Institutional Investors Weigh In On Arbe Robotics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in Arbe Robotics in the 2nd quarter valued at approximately $27,000. Quadrature Capital Ltd acquired a new stake in shares of Arbe Robotics in the second quarter valued at $29,000. Thoroughbred Financial Services LLC purchased a new stake in shares of Arbe Robotics in the 1st quarter valued at $36,000. Invesco Ltd. acquired a new position in Arbe Robotics during the 2nd quarter worth about $41,000. Finally, Jane Street Group LLC purchased a new position in Arbe Robotics during the 4th quarter valued at about $48,000. 33.42% of the stock is owned by hedge funds and other institutional investors.

Arbe Robotics Stock Up 5.7%

Shares of Arbe Robotics stock opened at $2.05 on Friday. The firm has a market cap of $215.82 million, a PE ratio of -3.66 and a beta of 0.47. Arbe Robotics has a 52 week low of $0.85 and a 52 week high of $5.09. The business’s fifty day simple moving average is $1.43 and its 200-day simple moving average is $1.43.

About Arbe Robotics

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.