Arxis, Inc. (NASDAQ:ARXS – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,919,028 shares, an increase of 151.1% from the June 15th total of 1,958,941 shares. Based on an average daily volume of 1,751,328 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.2% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Zacks Research upgraded Arxis to a “hold” rating in a research report on Tuesday, May 12th. Robert W. Baird started coverage on shares of Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $55.00 target price on the stock. The Goldman Sachs Group assumed coverage on Arxis in a report on Monday, May 11th. They set a “buy” rating and a $53.00 target price on the stock. Wolfe Research initiated coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $43.00 price target for the company. Finally, Citigroup lifted their price objective on Arxis from $50.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.
View Our Latest Stock Report on ARXS
Insider Transactions at Arxis
Arxis Price Performance
Shares of NASDAQ:ARXS opened at $43.00 on Wednesday. Arxis has a 12-month low of $33.15 and a 12-month high of $48.68. The stock’s 50 day moving average price is $40.80.
Arxis Company Profile
We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.
Featured Stories
- Five stocks we like better than Arxis
- Blueprint for a Billion: Nebius Group Secures the AI Floor
- As the Iran War Resumes, 2 Energy ETFs Ride Oil’s Renewed Rally
- Tower Semiconductor’s AI Rally Is Built on a Light-Speed Bet
- Marriott vs. Viking: Why the Better Quarter Doesn’t Mean the Better Decade
Receive News & Ratings for Arxis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arxis and related companies with MarketBeat.com's FREE daily email newsletter.
