In yesterday’s Wall Street session, Arm Holdings plc. ADR (NASDAQ:ARM) shares traded at $166.56, down -7.43% from the previous session.
ARM stock price is now 19.24% away from the 50-day moving average and 21.59% away from the 200-day moving average. The market capitalization of the company currently stands at $175.05B.
With the price target of $160, UBS recently initiated with Buy rating for Arm Holdings plc. ADR (NASDAQ: ARM). On November 22, 2024, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $155, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Child Jason, Officer bought 10,080 shares of the company’s stock on Jan 22 ’25. The stock was bought for $1,764,000 at an average price of $175.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Officer Child Jason bought 20,160 shares of the business’s stock. A total of $2,751,840 was incurred on buying the stock at an average price of $136.50. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Arm Holdings plc. ADR has had a low of $69.32 and a high of $188.75. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 4.52, and a quick ratio of 4.52. According to the stock market information, the enterprise value for the company is $172959563776, which is based on a 275.76 price-to-earnings ratio, a 10.40 price-to-earnings-growth ratio, and a beta of 4.77. The fifty day moving average price for ARM is $139.3657 and a two-hundred day moving average price translates $136.77252 for the stock.
The latest earnings results from Arm Holdings plc. ADR (NASDAQ: ARM) was released for 2024-09-30. The net profit margin was 18.13% and return on equity was 11.89% for ARM. The company reported revenue of $844.0 million for the quarter, compared to $806.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.71 percent. For the current quarter, analysts expect ARM to generate $947.21M in revenue.
