The stock of Arm Holdings plc. ADR (NASDAQ:ARM) last traded at $138.40, down -6.09% from the previous session.
ARM stock price is now -1.72% away from the 50-day moving average and 18.38% away from the 200-day moving average. The market capitalization of the company currently stands at $150.58B.
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On September 13, 2024, Raymond James recently initiated its ‘Outperform’ rating on the stock quoting a target price of $160, while ‘Daiwa Securities’ rates the stock as ‘Outperform’
In other news, Collins Spencer, Officer bought 51,960 shares of the company’s stock on Sep 16 ’24. The stock was bought for $7,430,280 at an average price of $143.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Officer Gill Kirsty bought 20,000 shares of the business’s stock. A total of $2,650,000 was incurred on buying the stock at an average price of $132.50. A total of 0.54% of the company’s stock is owned by insiders.
During the past 12 months, Arm Holdings plc. ADR has had a low of $46.50 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 3.61, and a quick ratio of 3.61. According to the stock market information, the enterprise value for the company is $142832205824, which is based on a 351.89 price-to-earnings ratio, a 11.29 price-to-earnings-growth ratio, and a beta of 5.28. The fifty day moving average price for ARM is $139.9644 and a two-hundred day moving average price translates $117.2936 for the stock.
The latest earnings results from Arm Holdings plc. ADR (NASDAQ: ARM) was released for 2024-06-30. The net profit margin was 12.12% and return on equity was 8.58% for ARM. The company reported revenue of $939.0 million for the quarter, compared to $675.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.11 percent.
