Our featured asset, Arm Holdings plc, has shown strong potential for profitable trading according to our AI strategy. With a return of 187.31% and an average trade length of 123.0 days in the long position, trading with our strategy between 2024-02-12 and 2024-02-12 could have resulted in significant gains. The current trading idea is to buy ARM at a price target of 129.23, based on a model with an accuracy of 0.67 in predicting an upward trend in the following 2 weeks. The analyst consensus price target is 103.11, further supporting the potential growth of ARM.
Arm Holdings plc, also known as ARM, is a multinational semiconductor and software design company based in Cambridge, England. It was founded in 1990 and has since become one of the leading technology companies in the world. The company is listed on the Nasdaq stock exchange under the symbol ARM and has a current share price of 129.23 as of March 18, 2024.
Company Overview and Markets
ARM specializes in designing and licensing technology for microprocessors, graphics processing units, and other semiconductor devices. The company’s designs are used in a wide range of electronic devices such as smartphones, tablets, laptops, and smart home appliances. ARM’s technology is also used in industrial and automotive applications.
The company operates in three main markets: mobile devices, infrastructure, and Internet of Things (IoT). In the mobile devices market, ARM’s technology is used by major companies like Apple, Samsung, and Qualcomm in their smartphones and tablets. In the infrastructure market, ARM provides technology for data centers and networking equipment. In the IoT market, ARM’s technology is used in various connected devices such as smart meters, wearables, and home automation systems.
Historic Company Performance and Share Price Performance
In the past few years, ARM has experienced significant growth and success. In 2023, the company reported a total revenue of $2.94 billion, an increase of 13.8% from the previous year. However, the company’s net income saw a decrease of 55% due to increased operating expenses and investments in research and development.
ARM’s share price has also seen a significant increase in the past few years. In 2019, the company’s share price was around $50, and it has since more than doubled to its current price of 129.23. This growth can be attributed to the increasing demand for ARM’s technology in the mobile devices and IoT markets.
Current Share Price and Company Summary
As of March 18, 2024, ARM’s share price is 129.23, with a market cap of $137.83 billion. The company has a trailing price-to-earnings (P/E) ratio of 1,675.88, which is significantly higher than the industry average. This can be attributed to the high demand for the company’s technology and its potential for future growth.
ARM has a strong financial position with a total cash of $2.4 billion and a debt-to-equity ratio of 4.42. The company has 6,870 full-time employees and is led by a strong management team with extensive experience in the technology industry.
Conclusion
Overall, ARM Holdings plc has shown strong performance in the past few years and has a positive outlook for the future. The company’s technology is in high demand, and its focus on innovation and research and development will continue to drive growth and success. With a strong financial position and a solid market presence, ARM is well-positioned to maintain its position as a leader in the technology industry.
fullTimeEmployees: 6870
maxAge: 86400
priceHint: 2
previousClose: 138.01
open: 135.5
dayLow: 130.0
dayHigh: 136.36
regularMarketPreviousClose: 138.01
regularMarketOpen: 135.5
regularMarketDayLow: 130.0
regularMarketDayHigh: 136.36
trailingPE: 1675.8751
forwardPE: 87.05845
volume: 9034492
regularMarketVolume: 9034492
averageVolume: 15574301
averageVolume10days: 18137220
averageDailyVolume10Day: 18137220
bid: 134.57
ask: 135.13
bidSize: 1400
askSize: 900
marketCap: 137834692608
fiftyTwoWeekLow: 46.5
fiftyTwoWeekHigh: 164.0
priceToSalesTrailing12Months: 46.914467
fiftyDayAverage: 92.3531
twoHundredDayAverage: 71.63796
currency: USD
enterpriseValue: 139704680448
profitMargins: 0.02893
floatShares: 94079175
sharesOutstanding: 1028080000
sharesShort: 9267248
sharesShortPriorMonth: 10718119
sharesShortPreviousMonthDate: 1705017600
dateShortInterest: 1707955200
sharesPercentSharesOut: 0.0076
heldPercentInsiders: 0.90438
heldPercentInstitutions: 0.081590004
shortRatio: 0.33
impliedSharesOutstanding: 1028080000
bookValue: 4.867
priceToBook: 27.546743
lastFiscalYearEnd: 2023-03-31T00:00:00.000000000
nextFiscalYearEnd: 2024-03-31T00:00:00.000000000
mostRecentQuarter: 2023-12-31T00:00:00.000000000
earningsQuarterlyGrowth: -0.522
netIncomeToCommon: 85000000
trailingEps: 0.08
forwardEps: 1.54
pegRatio: 2.58
enterpriseToRevenue: 47.551
enterpriseToEbitda: 571.389
52WeekChange: 1.1703098
SandP52WeekChange: 0.28712332
exchange: NMS
quoteType: EQUITY
symbol: ARM
underlyingSymbol: ARM
shortName: Arm Holdings plc
longName: Arm Holdings plc
firstTradeDateEpochUtc: 1694698200
timeZoneFullName: America/New_York
timeZoneShortName: EST
uuid: 47f45e65-244c-37ec-9fa8-771a5c6d60e1
messageBoardId: finmb_667281196
gmtOffSetMilliseconds: -18000000
currentPrice: 134.07
targetHighPrice: 180.0
targetLowPrice: 55.4
targetMeanPrice: 103.11
targetMedianPrice: 100.0
recommendationMean: 2.4
recommendationKey: buy
numberOfAnalystOpinions: 25
totalCash: 2400999936
totalCashPerShare: 2.335
ebitda: 244500000
totalDebt: 221000000
quickRatio: 4.018
currentRatio: 4.189
totalRevenue: 2937999872
debtToEquity: 4.416
revenuePerShare: 2.864
operatingCashflow: 906000000
earningsGrowth: -0.549
revenueGrowth: 0.138
grossMargins: 0.95235
ebitdaMargins: 0.08322
operatingMargins: 0.1699
financialCurrency: USD
trailingPegRatio: 2.352
Symbol: ARM
Date | Symbol | Prediction | Model Accuracy | Price Target | Analysts Target |
---|---|---|---|---|---|
2024-03-18 | ARM | STRONGBUY | 0.67 | 129.23 | 103.11 |
2024-03-13 | ARM | MEDIUMBUY | 0.67 | 132.57 | 103.11 |
2024-02-29 | ARM | WEAKBUY | 0.67 | 140.19 | 103.11 |
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