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

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of unusually large options trading on Monday. Stock traders acquired 15,754 call options on the stock. This represents an increase of 4,823% compared to the typical volume of 320 call options.

Analyst Ratings Changes

Separately, Maxim Group lowered their price target on Arbe Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, November 29th.

Arbe Robotics Stock Up 52.1 %

Shares of ARBE stock opened at $4.00 on Tuesday. The firm has a market capitalization of $322.90 million, a P/E ratio of -5.41 and a beta of -0.04. Arbe Robotics has a twelve month low of $1.39 and a twelve month high of $4.90. The stock’s fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.94.

Hedge Funds Weigh In On Arbe Robotics

An institutional investor recently bought a new position in Arbe Robotics stock. Ground Swell Capital LLC acquired a new position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,700 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 33.42% 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, 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.