In last trading session, Arteris Inc (NASDAQ:AIP) saw 0.39 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $11.10 trading at -$0.15 or -1.33% at ring of the bell on the day assigns it a market valuation of $445.97M. That closing price of AIP’s stock is at a discount of -13.87% from its 52-week high price of $12.64 and is indicating a premium of 56.49% from its 52-week low price of $4.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.45 million shares which gives us an average trading volume of 203.17K if we extend that period to 3-months.
For Arteris Inc (AIP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Arteris Inc (NASDAQ:AIP) trade information
Upright in the red during last session for losing -1.33%, in the last five days AIP remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $11.10 price level, adding 12.18% to its value on the day. Arteris Inc’s shares saw a change of 8.93% in year-to-date performance and have moved -6.64% in past 5-day. Arteris Inc (NASDAQ:AIP) showed a performance of 25.99% in past 30-days. Number of shares sold short was 0.31 million shares which calculate 1.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 20.71% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -26.13% in reaching the projected high whereas dropping to the targeted low would mean a loss of -26.13% for stock’s current value.
Arteris Inc (AIP) estimates and forecasts
Statistics highlight that Arteris Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 37.89% of value to its shares in past 6 months, showing an annual growth rate of 25.00% while that of industry is 25.60. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
Arteris Inc (NASDAQ:AIP)’s Major holders
Insiders are in possession of 33.60% of company’s total shares while institution are holding 40.97 percent of that, with stock having share float percentage of 61.71%. Investors also watch the number of corporate investors in a company very closely, which is 40.97% institutions for Arteris Inc that are currently holding shares of the company. NEEDHAM INVESTMENT MANAGEMENT LLC is the top institutional holder at AIP for having 2.38 million shares of worth $17.91 million. And as of 2024-06-30, it was holding 6.3247 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.2424 of outstanding shares, having a total worth of $12.01 million.
On the other hand, Needham Aggressive Growth Fund and Franklin Strategic Series-Franklin Small-Mid Cap Growth are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.33 shares of worth $25.81 million or 5.79% of the total outstanding shares. The later fund manager was in possession of 1.33 shares on Oct 31, 2024 , making its stake of worth around $14.74 million in the company or a holder of 3.31% of company’s stock.
