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

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

Arbe Robotics Stock Up 0.6 %

ARBE opened at $1.79 on Friday. The firm has a market cap of $144.51 million, a PE ratio of -2.42 and a beta of -0.03. The business has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $1.94. Arbe Robotics has a fifty-two week low of $1.40 and a fifty-two week high of $2.57.

Hedge Funds Weigh In On Arbe Robotics

A hedge fund recently bought a new stake in Arbe Robotics stock. Ground Swell Capital LLC bought a new position in Arbe Robotics Ltd. (NASDAQ:ARBE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,700 shares of the company’s stock, valued at approximately $34,000. 33.42% of the stock is owned by institutional investors.

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.