The price of Arbe Robotics Ltd (NASDAQ: ARBE) closed at $2.09 in the last session, down -5.00% from day before closing price of $2.20. In other words, the price has decreased by -$0.1100 from its previous closing price. On the day, 140246 shares were traded.
Ratios:
We take a closer look at ARBE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 10.09 and its Current Ratio is at 7.64. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on February 04, 2022, initiated with a Buy rating and assigned the stock a target price of $14.
On December 08, 2021, Cowen reiterated its Outperform rating and also lowered its target price recommendation from $12 to $15.
On November 02, 2021, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $19.Wells Fargo initiated its Overweight rating on November 02, 2021, with a $19 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARBE now has a Market Capitalization of 171.67M and an Enterprise Value of 122.71M. For the stock, the TTM Price-to-Sale (P/S) ratio is 110.07 while its Price-to-Book (P/B) ratio in mrq is 3.40. Its current Enterprise Value per Revenue stands at 96.47 whereas that against EBITDA is -2.54.
Stock Price History:
Over the past 52 weeks, ARBE has reached a high of $3.38, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is 1.8890, while the 200-Day Moving Average is calculated to be 2.2534.
Shares Statistics:
According to the various share statistics, ARBE traded on average about 145.13K shares per day over the past 3-months and 566.4k shares per day over the past 10 days. A total of 64.16M shares are outstanding, with a floating share count of 50.72M. Insiders hold about 34.48% of the company’s shares, while institutions hold 17.88% stake in the company. Shares short for ARBE as of Mar 15, 2024 were 348.39k with a Short Ratio of 2.40, compared to 277.81k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.45% and a Short% of Float of 0.72%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.19, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.15 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$0.6 and -$0.78 for the fiscal current year, implying an average EPS of -$0.72. EPS for the following year is -$0.5, with 4 analysts recommending between -$0.1 and -$0.7.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $320k. It ranges from a high estimate of $380k to a low estimate of $300k. As of the current estimate, Arbe Robotics Ltd’s year-ago sales were $355k, an estimated decrease of -9.90% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $330k, a decrease of -28.30% less than the figure of -$9.90% in the same quarter last year. There is a high estimate of $390k for the next quarter, whereas the lowest estimate is $300k.
A total of 5 analysts have provided revenue estimates for ARBE’s current fiscal year. The highest revenue estimate was $2M, while the lowest revenue estimate was $1.52M, resulting in an average revenue estimate of $1.65M. In the same quarter a year ago, actual revenue was $1.47M, up 12.20% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $31.35M in the next fiscal year. The high estimate is $60M and the low estimate is $16.4M. The average revenue growth estimate for next year is up 1,800.00% from the average revenue estimate for this year.
