Recent market trends have highlighted a notable rise in the indicative borrow rate for several liquid option names, with XPeng (XPEV) standing out due to a considerable jump of 1.91 percentage points, reaching a new rate of 2.62%. This increase places XPeng among the stocks experiencing the most significant hikes.
Joining XPeng, Sealsq Corp (LAES) leads the list with a remarkably high new rate of 119.83%, indicating a rise of 1.12 percentage points. Other notable changes include BHP Billiton (BHP), which saw its rate rise by 0.80 percentage points to 5.21%, and Recursion Pharmaceuticals (RXRX), with its rate climbing 0.75 percentage points to 13.21%.
Moreover, Autobot Holdings (ARBE, Financial) recorded a borrow rate rise of 0.66 percentage points, reaching 8.64%, while Endeavour Silver (EXK) and Anavex (AVXL) also witnessed increases of 0.47 and 0.44 percentage points, arriving at 1.25% and 13.67%, respectively. Wolfspeed (WOLF) rose by 0.41 percentage points, marking a new rate of 15.20%.
Among exchange-traded funds, ProShares Ultra DJ UBS Crude Oil (UCO) experienced a smaller increase of 0.34 percentage points, now at 2.72%, and ProShares VIX Short Term Futures (VIXY) saw a rise of 0.31 percentage points, reaching 23.60%.
These shifts in borrow rates indicate changing market conditions and investor sentiment, with XPeng's significant hike highlighting its position in the evolving financial landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Arbe Robotics Ltd (ARBE, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an upside of 177.78% from the current price of $1.08. More detailed estimate data can be found on the Arbe Robotics Ltd (ARBE) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Arbe Robotics Ltd's (ARBE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Arbe Robotics Ltd (ARBE, Financial) in one year is $0.90, suggesting a downside of 16.67% from the current price of $1.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Arbe Robotics Ltd (ARBE) Summary page.
