Arbe Robotics (NASDAQ:ARBE – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Zacks reports. Arbe Robotics had a negative return on equity of 102.87% and a negative net margin of 4,567.91%. Arbe Robotics updated its FY 2025 guidance to EPS.
Arbe Robotics Trading Down 13.6 %
Arbe Robotics stock opened at $1.44 on Wednesday. The stock has a 50-day moving average price of $2.58 and a 200 day moving average price of $2.12. Arbe Robotics has a 52 week low of $1.29 and a 52 week high of $5.09. The stock has a market cap of $129.28 million, a PE ratio of -1.92 and a beta of 0.02.
Analyst Ratings Changes
Separately, Maxim Group decreased their price objective on shares of Arbe Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, November 29th.
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.
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