During the last session, Arteris Inc (NASDAQ:AIP)’s traded shares were 0.49 million, with the beta value of the company hitting 1.24. At the end of the trading day, the stock’s price was $10.29, reflecting an intraday gain of 1.48% or $0.15. The 52-week high for the AIP share is $10.24, that puts it up 0.49 from that peak though still a striking 53.06% gain since the share price plummeted to a 52-week low of $4.83. The company’s market capitalization is $413.43M, and the average intraday trading volume over the past 10 days was 0.24 million shares, and the average trade volume was 122.79K shares over the past three months.

Arteris Inc (AIP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. AIP has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.11.

Arteris Inc (NASDAQ:AIP) trade information

Arteris Inc (AIP) registered a 1.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.48% in intraday trading to $10.29, hitting a weekly high. The stock’s 5-day price performance is 14.46%, and it has moved by 24.28% in 30 days. Based on these gigs, the overall price performance for the year is 68.41%. The short interest in Arteris Inc (NASDAQ:AIP) is 0.39 million shares and it means that shorts have 2.85 day(s) to cover.

The consensus price target of analysts on Wall Street is $14, which implies an increase of 26.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $14 respectively. As a result, AIP is trading at a discount of -36.05% off the target high and -36.05% off the low.

Arteris Inc (AIP) estimates and forecasts

Statistics show that Arteris Inc has underperformed its competitors in share price, compared to the industry in which it operates. Arteris Inc (AIP) shares have gone up 27.83% during the last six months, with a year-to-date growth rate less than the industry average at 25.00% against 25.70. In the rating firms’ projections, revenue will increase 6.95% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 15.18M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 15.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 12.5M and 12.95M respectively. In this case, analysts expect current quarter sales to grow by 21.40% and then jump by 20.49% in the coming quarter.

While earnings are projected to return 22.26% in 2024.

AIP Dividends

Arteris Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Arteris Inc (NASDAQ:AIP)’s Major holders

Arteris Inc insiders own 33.65% of total outstanding shares while institutional holders control 40.87%, with the float percentage being 61.61%. NEEDHAM INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 118.0 institutions own stock in it. As of 2024-06-30, the company held over 2.38 million shares (or 6.3247% of all shares), a total value of $17.91 million in shares.

The next largest institutional holding, with 1.6 million shares, is of BLACKROCK INC.’s that is approximately 4.2424% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.01 million.