Arteris Quarterly Earnings and Stock Performance
Arteris (NASDAQ:AIP) released its latest quarterly earnings, revealing a net loss of $0.21 per share, which falls short of the consensus estimate of $0.11. Despite the loss, the company's stock experienced a significant uptick, climbing by $3.55 to close at $13.00 during trading hours, with trading volume notably surpassing average levels.
Analyst Ratings and Financial Guidance
Analysts at Rosenblatt Securities reaffirmed a "buy" rating for Arteris, setting a target price of $14.00. The company's financial guidance for fiscal year 2025 and the third quarter of 2025 has been updated accordingly.
Trading Volume and Market Metrics
During the trading session, 21,769,928 shares changed hands compared to an average volume of 492,189 shares. The stock's 50-day moving average stands at $8.93, while the 200-day moving average is $8.36. Over the past year, its lowest price was $5.46, and the highest reached $14.29. Currently, Arteris has a market capitalization of approximately $546 million, a negative P/E ratio of -15.85, and a beta of 1.45.
Insider Trading Activities
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