Last Updated: 09 Nov 2024
Executive Summary
Arbe Robotics Ltd (ARBE) is a technology company specializing in radar perception systems for autonomous vehicles. Despite a challenging operating environment, the company has demonstrated revenue growth and is gaining traction in the autonomous driving market. The stock is currently trading at $1.88, below its analyst target price of $3.67.
Company Overview
Arbe Robotics is an Israeli company founded in 2015. The company's radar technology provides high-resolution 4D imaging, enabling autonomous vehicles to perceive their surroundings in real-time. ARBE has partnerships with leading automotive manufacturers, including Hyundai and Toyota.
Fundamental Analysis
Revenue: ARBE's revenue has grown steadily, from $360,000 in 2021 to $1.37 million in the last twelve months.
EBITDA: The company is currently unprofitable, with an EBITDA of -$47.46 million.
Book Value: ARBE's book value per share is $0.317.
EPS: The company's diluted EPS is -$0.71.
Profitability: ARBE has a profit margin of 0% and an operating margin of -28.4%.
Valuation: The stock is trading at a price-to-sales ratio of 115.51 and a price-to-book ratio of 6.21.
Technical Analysis
52-Week High/Low: $2.57/$1.395
Moving Averages: The 50-day moving average is $1.921, and the 200-day moving average is $1.928.
Relative Strength Index (RSI): The RSI is currently at 48.5, indicating a neutral market sentiment.
Short Term Outlook
In the short term, ARBE's stock price may fluctuate due to market volatility and news related to the autonomous driving industry. The company's revenue growth and partnerships with major automakers are positive indicators, but its profitability challenges may weigh on the stock.
Long Term Outlook
The long-term outlook for ARBE is promising. The autonomous driving market is expected to grow significantly in the coming years, and ARBE is well-positioned to capitalize on this trend. The company's technology has received positive reviews from industry experts, and its partnerships with leading automakers provide a strong foundation for future growth.
Analyst Recommendations
Analysts have a positive outlook on ARBE's stock. Three analysts recommend buying the stock, while none recommend selling. The average analyst target price is $3.67, representing a potential upside of 95% from the current price.
