Arteris Inc (NASDAQ:AIP) shares, rose in value on Friday, June 20, with the stock price down by -6.97% to the previous day’s close as strong demand from buyers drove the stock to $8.28.
Actively observing the price movement in the last trading, the stock closed the session at $8.90. Referring to stock’s 52-week performance, its high was $12.64, and the low was $5.46. On the whole, AIP has fluctuated by 12.35% over the past month.
With the market capitalization of Arteris Inc currently standing at about $347.57 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 68.5M, with a low estimate of 16.3M and a high estimate of 16.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.35M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AIP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of AIP currently trading nearly 3.90% and 14.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.39, while the 7-day volatility ratio is showing 5.63% which for the 30-day chart, stands at 3.55%. Furthermore, Arteris Inc (AIP)’s beta value is 1.38, and its average true range (ATR) is 0.56.
A comparison of Arteris Inc (AIP) with its peers suggests the former has fared considerably weaker in the market. AIP showed an intraday change of -6.97% in last session, and over the past year, it grew by 3.50%%.
Data on historical trading for Arteris Inc (NASDAQ:AIP) indicates that the trading volumes over the past 3 months, they’ve averaged 260.97K. According to company’s latest data on outstanding shares, there are 41.40 million shares outstanding.
Nearly 34.72% of Arteris Inc’s shares belong to company insiders and institutional investors own 44.65% of the company’s shares. The stock has fallen by -18.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AIP stock heading into the next quarter.
