Ground Swell Capital LLC Acquires 20,324 Shares of Arbe Robotics Ltd. (NASDAQ:ARBE)

Ground Swell Capital LLC lifted its holdings in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) by 114.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 38,024 shares of the company’s stock after acquiring an additional 20,324 shares during the period. Ground Swell Capital LLC’s holdings in Arbe Robotics were worth $73,000 at the end of the most recent reporting period.

Separately, PEAK6 Investments LLC bought a new position in Arbe Robotics in the first quarter valued at about $319,000. Hedge funds and other institutional investors own 33.42% of the company’s stock.

Arbe Robotics Trading Down 1.6 %

ARBE stock opened at $1.79 on Monday. The firm has a 50-day moving average price of $1.94 and a 200-day moving average price of $1.94. Arbe Robotics Ltd. has a 12 month low of $1.40 and a 12 month high of $2.57. The stock has a market capitalization of $144.50 million, a P/E ratio of -2.45 and a beta of -0.03.

Arbe Robotics (NASDAQ:ARBE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Arbe Robotics had a negative net margin of 3,318.73% and a negative return on equity of 80.84%. The business had revenue of $0.41 million during the quarter, compared to the consensus estimate of $0.20 million. As a group, equities analysts predict that Arbe Robotics Ltd. will post -0.54 EPS for the current fiscal year.

Arbe Robotics 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.