Arxis, Inc. (NASDAQ:ARXS) Receives Consensus Rating of “Moderate Buy” from Analysts

Arxis, Inc. (NASDAQ:ARXS – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $45.6667.

Several research firms have commented on ARXS. Citigroup began coverage on shares of Arxis in a research note on Monday. They issued a “buy” rating for the company. Robert W. Baird set a $55.00 price objective on shares of Arxis and gave the stock an “outperform” rating in a research report on Monday. Wolfe Research started coverage on shares of Arxis in a research report on Monday. They set an “outperform” rating and a $43.00 price objective for the company. Royal Bank Of Canada started coverage on shares of Arxis in a research report on Monday. They set a “sector perform” rating and a $39.00 price objective for the company. Finally, UBS Group set a $53.00 price objective on shares of Arxis in a research report on Monday.

Get Arxis alerts:

View Our Latest Stock Report on ARXS

Insider Transactions at Arxis

In related news, insider Jason Aaron Roth purchased 60,000 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of $28.00 per share, with a total value of $1,680,000.00. Following the completion of the transaction, the insider directly owned 395,515 shares in the company, valued at approximately $11,074,420. The trade was a 17.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ross Bradley Sealfon purchased 12,500 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of $28.00 per share, with a total value of $350,000.00. Following the completion of the transaction, the insider owned 1,102,807 shares of the company’s stock, valued at $30,878,596. The trade was a 1.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 201,564 shares of company stock valued at $5,643,792 over the last quarter.

Arxis Stock Performance

NASDAQ:ARXS opened at $35.10 on Monday. Arxis has a 52 week low of $34.44 and a 52 week high of $39.45.

About Arxis

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than Arxis
• 3 Small-Cap Stocks to Buy as the Russell 2000 Extends Its Rally
• Tapestry Stock Drops After Strong Quarter and Raised Outlook
• 3 Companies Quietly Essential to Data Center and AI Operations
• Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum

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.