Arteris Inc. (NASDAQ:AIP) currently has a daily average trading volume of 129.02K but it saw 987594 shares traded on Thursday. With a market cap of 233.11M USD, stock’s current market price of $6.42 came rising about 13.43 while comparing to the previous closing price of $5.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.78 and as low as $3.27. In the recent trading on the day, stock has struck highest price mark of $6.83 while lowest mark touched by it was $5.85.
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Taking a look at 20-day trading activity of Arteris Inc. (AIP) gives us an average price of $4.70, while its current price level is -34.39% below from 52-week high level whereas it is 96.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.36 while that of 200 days or SMA-200 reads an average of $5.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.68% during that period while stretching the period over a month that increases to 9.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 79.34 which implies that the stock is in overbought territory.
Over the week, AIP’s stock price is moving 20.00% up while it is 69.84% when we observe its performance for the past one month. Year-to-date it is 49.30% up and over the past year, the stock is showing a downside performance of -32.06%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.17 beat the consensus estimate of -$0.21 for the same. The company is expected to be releasing its next quarterly report in 08/08/2023, for which analysts forecasted an EPS of -$0.18 while estimate for next year EPS is -$0.6. For AIP, analysts are forecasting an EPS-growth rate of -33.30% for current year and estimate for EPS growth in next year is 53.30%. In next quarter, company is expected to be making quarterly sales of $15.09 million as analysts are expecting the sales for current fiscal year at $58.45 million and seeing the company making $75.24 million in sales next year. Moreover, analysts are in estimates of $13.7 million for current-quarter revenue.
Currently, Arteris Inc.’s total number of outstanding shares is 34.60M with 43.27% of that held by the insiders while 25.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -72.50% and return on equity (ROE) at -76.10%. Stock has a price to book (P/B) ratio of 6.98 while price to sale or P/S ratio amounts to 4.50. Its return on asset (ROA) is -25.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Franklin Small Mid Cap Growth Fun came shrinking its share ownership by 12.08% in the Arteris Inc. (AIP) increasing its stake to 3.78% with control over 0.14 million shares in the company. In the most recent quarter, Eventide Exponential Technologies came rising its stake by 55.09% in the company and now holds 0.61 million or 1.77% of the company’s stake having worth of about 2.28 million.
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