In yesterday’s Wall Street session, Arm Holdings plc. ADR (NASDAQ:ARM) shares traded at $133.14, down -0.42% from the previous session.
ARM stock price is now -7.24% away from the 50-day moving average and -1.32% away from the 200-day moving average. The market capitalization of the company currently stands at $139.93B.
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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 21 ’24. The stock was bought for $2,751,840 at an average price of $136.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Officer Child Jason bought 20,160 shares of the business’s stock. A total of $2,993,760 was incurred on buying the stock at an average price of $148.50. 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 $56.43 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 $137835134976, which is based on a 220.43 price-to-earnings ratio, a 7.80 price-to-earnings-growth ratio, and a beta of 5.21. The fifty day moving average price for ARM is $143.6497 and a two-hundred day moving average price translates $134.64328 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.
