Investors Purchase High Volume of Arbe Robotics Call Options (NASDAQ:ARBE)

Arbe Robotics Ltd. (NASDAQ:ARBE) saw some unusual options trading activity on Monday. Traders purchased 15,754 call options on the company. This represents an increase of approximately 4,823% compared to the typical daily volume of 320 call options.

Arbe Robotics Stock Performance

Shares of ARBE opened at $3.76 on Wednesday. Arbe Robotics has a one year low of $1.39 and a one year high of $5.09. The stock has a 50-day moving average price of $1.87 and a 200 day moving average price of $1.97. The company has a market capitalization of $303.53 million, a P/E ratio of -5.08 and a beta of -0.04.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, Maxim Group dropped their price target on shares of Arbe Robotics from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, November 29th.

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.