Stock Traders Buy Large Volume of Arbe Robotics Call Options (NASDAQ:ARBE)

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of some unusual options trading activity on Monday. Investors bought 15,754 call options on the stock. This is an increase of 4,823% compared to the average daily volume of 320 call options.

Arbe Robotics Stock Up 49.8 %

Shares of Arbe Robotics stock traded up $1.31 on Monday, reaching $3.94. 84,906,223 shares of the stock were exchanged, compared to its average volume of 29,619,859. Arbe Robotics has a twelve month low of $1.39 and a twelve month high of $4.90. The business has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $1.94. The firm has a market capitalization of $318.06 million, a price-to-earnings ratio of -5.32 and a beta of -0.02.

Institutional Trading of Arbe Robotics

A hedge fund recently raised its stake in Arbe Robotics stock. Ground Swell Capital LLC lifted its stake in Arbe Robotics Ltd. (NASDAQ:ARBE) by 114.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,024 shares of the company’s stock after buying an additional 20,324 shares during the quarter. Ground Swell Capital LLC’s holdings in Arbe Robotics were worth $73,000 as of its most recent SEC filing. 33.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group decreased their price target on shares of Arbe Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a report 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.