Arbe Robotics (NASDAQ:ARBE) Price Target Cut to $3.00 by Analysts at Maxim Group

Arbe Robotics (NASDAQ:ARBE) had its price objective reduced by Maxim Group from $4.00 to $3.00 in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Arbe Robotics Stock Performance

Arbe Robotics stock opened at $1.79 on Friday. Arbe Robotics has a fifty-two week low of $1.40 and a fifty-two week high of $2.57. The stock has a market cap of $144.51 million, a P/E ratio of -2.42 and a beta of -0.03. The firm’s fifty day moving average price is $1.87 and its 200-day moving average price is $1.94.

Institutional Investors Weigh In On Arbe Robotics

A hedge fund recently bought a new stake in Arbe Robotics stock. Ground Swell Capital LLC acquired a new stake in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,700 shares of the company’s stock, valued at approximately $34,000. 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.