Arbe Robotics' share price rose 0.8% to $1.88, exceeding EPS expectations despite negative ROE and net margin.

Arbe Robotics (NASDAQ: ARBE) saw its share price rise 0.8% to $1.88, with a market cap of $146.67 million. The company reported a quarterly EPS of -$0.09, exceeding expectations of -$0.11, despite a negative return on equity of 80.84% and a net margin of -3,318.73%. Hedge funds are increasingly investing, holding 33.42% of the stock. Arbe specializes in 4D imaging radar solutions for the automotive sector, focusing on autonomous vehicle technology.

October 04, 2024
3 Articles

Further Reading