The stock of Arteris Inc (AIP) has seen a -6.02% decrease in the past week, with a -11.97% drop in the past month, and a 0.97% flourish in the past quarter. The volatility ratio for the week is 5.50%, and the volatility levels for the past 30 days are at 5.28% for AIP. The simple moving average for the past 20 days is -10.03% for AIP’s stock, with a -1.57% simple moving average for the past 200 days.
Is It Worth Investing in Arteris Inc (NASDAQ: AIP) Right Now?
Moreover, the 36-month beta value for AIP is 1.04. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AIP is 22.87M and currently, short sellers hold a 0.82% of that float. On May 02, 2024, AIP’s average trading volume was 146.24K shares.
AIP) stock’s latest price update
Arteris Inc (NASDAQ: AIP)’s stock price has gone decline by -5.73 in comparison to its previous close of 6.63, however, the company has experienced a -6.02% decrease in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-23 that CAMPBELL, Calif., April 23, 2024 (GLOBE NEWSWIRE) — Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that it will release its financial results for the first quarter ended March 31, 2024, after market close on Thursday, May 2, 2024.
Analysts’ Opinion of AIP
Many brokerage firms have already submitted their reports for AIP stocks, with TD Cowen repeating the rating for AIP by listing it as a “Outperform.” The predicted price for AIP in the upcoming period, according to TD Cowen is $12 based on the research report published on September 01, 2023 of the previous year 2023.
Cowen, on the other hand, stated in their research note that they expect to see AIP reach a price target of $23, previously predicting the price at $32. The rating they have provided for AIP stocks is “Outperform” according to the report published on March 04th, 2022.
Rosenblatt gave a rating of “Buy” to AIP, setting the target price at $35 in the report published on November 22nd of the previous year.
AIP Trading at -9.94% from the 50-Day Moving Average
After a stumble in the market that brought AIP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.65% of loss for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 5.50%, as shares sank -16.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.29% lower at present.
During the last 5 trading sessions, AIP fell by -6.02%, which changed the moving average for the period of 200-days by -18.41% in comparison to the 20-day moving average, which settled at $6.88. In addition, Arteris Inc saw 6.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AIP starting from Hawkins Nicholas B., who sale 10,000 shares at the price of $7.22 back on Apr 11 ’24. After this action, Hawkins Nicholas B. now owns 252,896 shares of Arteris Inc, valued at $72,161 using the latest closing price.
Hawkins Nicholas B., the VP and Chief Financial Officer of Arteris Inc, sale 2,242 shares at $7.28 during a trade that took place back on Apr 04 ’24, which means that Hawkins Nicholas B. is holding 262,896 shares at $16,324 based on the most recent closing price.
Stock Fundamentals for AIP
Current profitability levels for the company are sitting at:
- -0.65 for the present operating margin
- 0.89 for the gross margin
The net margin for Arteris Inc stands at -0.67. The total capital return value is set at -0.62. Equity return is now at value -140.09, with -33.78 for asset returns.
Based on Arteris Inc (AIP), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -3.8. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -166.55.
Currently, EBITDA for the company is -32.07 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 4.36. The receivables turnover for the company is 4.36for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To wrap up, the performance of Arteris Inc (AIP) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
