Arbe Robotics Ltd’s filing revealed that its 10% Owner Canaan Partners Israel (CPI) C acquired Company’s shares for reported $0.18 million on Jan 07 ’25. In the deal valued at $5.00 per share,36,186 shares were bought.
Then, Machness Ram bought 79,209 shares, generating $208,320 in total proceeds.
Before that, Naeh Shay bought 63,649 shares. Arbe Robotics Ltd shares valued at $167,397 were divested by the Officer at a price of $2.63 per share.
Maxim Group reiterated its Arbe Robotics Ltd [ARBE] rating to a Buy in a research note published on November 29, 2024; the price target was $3. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Cowen also remained covering ARBE and reiterated its “an Outperform” recommendation on December 08, 2021. Wells Fargo started covering the stock on November 02, 2021. It rated ARBE as “an Overweight”.
Price Performance Review of ARBE
On Tuesday, Arbe Robotics Ltd [NASDAQ:ARBE] saw its stock jump 7.14% to $3.00. Over the last five days, the stock has lost -25.00%. Arbe Robotics Ltd shares have risen nearly 61.29% since the year began. Nevertheless, the stocks have risen 55.44% over the past one year. While a 52-week high of $5.09 was reached on 01/07/25, a 52-week low of $1.39 was recorded on 01/02/25. SMA at 50 days reached $1.99, while 200 days put it at $1.96.
Levels Of Support And Resistance For ARBE Stock
The 24-hour chart illustrates a support level at 2.76, which if violated will result in even more drops to 2.52. On the upside, there is a resistance level at 3.26. A further resistance level may holdings at 3.52. The Relative Strength Index (RSI) on the 14-day chart is 58.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.22%. Stochastics %K at 46.80% indicates the stock is a holding.
How much short interest is there in Arbe Robotics Ltd?
A steep rise in short interest was recorded in Arbe Robotics Ltd stocks on 2024-11-15, dropping by 33333.0 shares to a total of 0.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.57 million shares. There was a decline of -6.25%, which implies that there is a negative sentiment for the stock.
