Stocks of Arm Holdings plc. ADR (NASDAQ:ARM) traded higher last session on Wall Street, down -3.98% to $61.06.
ARM stock price is now 12.19% away from the 50-day moving average and 11.73% away from the 200-day moving average. The market capitalization of the company currently stands at $62.60B.
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With the price target of $70, Wells Fargo recently initiated with Overweight rating for Arm Holdings plc. ADR (NASDAQ: ARM).
A total of 0.30% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $64.35 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 0.04, a current ratio of 4.33, and a quick ratio of 4.33. The fifty day moving average price for ARM is $54.43 and a two-hundred day moving average price translates $54.65 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.
