The stock of Arm Holdings plc. ADR (NASDAQ:ARM) last traded at $135.09, down -3.45% from the previous session.
ARM stock price is now -5.60% away from the 50-day moving average and 1.47% away from the 200-day moving average. The market capitalization of the company currently stands at $141.98B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $150 to $165, TD Cowen maintained Buy rating for Arm Holdings plc. ADR (NASDAQ: ARM). On October 31, 2024, Bernstein Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $100, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Child Jason, Officer bought 20,160 shares of the company’s stock on Nov 08 ’24. The stock was bought for $2,993,760 at an average price of $148.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer Collins Spencer bought 51,960 shares of the business’s stock. A total of $7,430,280 was incurred on buying the stock at an average price of $143.00. A total of 0.53% of the company’s stock is owned by insiders.
During the past 12 months, Arm Holdings plc. ADR has had a low of $50.57 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 $139884593152, which is based on a 223.66 price-to-earnings ratio, a 8.07 price-to-earnings-growth ratio, and a beta of 5.01. The fifty day moving average price for ARM is $142.8261 and a two-hundred day moving average price translates $132.81737 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.
