Before You Invest In Arm Holdings plc. ADR (NASDAQ:ARM), Consider This Metric

Stocks of Arm Holdings plc. ADR (NASDAQ:ARM) traded higher last session on Wall Street, up 1.34% to $52.27.

According to the data, Arm Holdings plc. ADR (NASDAQ:ARM) has 29 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $46.00, we find $64.00. Given the previous closing price of $51.58, this indicates a potential upside of 24.08 percent. ARM stock price is now -1.17% away from the 50-day moving average and -1.17% away from the 200-day moving average. The market capitalization of the company currently stands at $53.63B.

A total of 8 analysts have issued a hold rating and 18 have given it a buy rating. Brokers who have rated the stock have averaged $62.31 as their price target over the next twelve months.

With the price target of $55, Morgan Stanley recently initiated with Equal-Weight rating for Arm Holdings plc. ADR (NASDAQ: ARM).

A total of 0.04% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $52.00 for Arm Holdings plc. ADR (NASDAQ: ARM). During the past 12 months, Arm Holdings plc. ADR has had a low of $46.50 and a high of $69.00. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.42, and a quick ratio of 3.42. The fifty day moving average price for ARM is $52.88 and a two-hundred day moving average price translates $52.88 for the stock.

The latest earnings results from Arm Holdings plc. ADR (NASDAQ: ARM) was released for Sep, 2023. The company reported revenue of $806.0 million for the quarter, compared to $692.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.47 percent.

Arm Holdings plc. ADR(ARM) Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services. Its products are used in various markets, such as automotive, computing infrastructure, consumer technologies, and Internet of things. The company operates in the United States, the People’s Republic of China, Taiwan, South Korea, and internationally. The company was founded in 1990 and is headquartered in Cambridge, the United Kingdom. Arm Holdings plc operates as a subsidiary of Kronos II LLC.

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