Arxis (NASDAQ:ARXS) Trading Up 4.9% – Should You Buy?

Arxis, Inc. (NASDAQ:ARXS)’s share price was up 4.9% during mid-day trading on Monday . The stock traded as high as $60.34 and last traded at $60.10. 73,170 shares were traded during trading, a decline of 93% from the average session volume of 1,102,494 shares. The stock had previously closed at $57.28.

Analyst Ratings Changes

ARXS has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on shares of Arxis from $46.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their target price on shares of Arxis from $52.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Citigroup raised their price target on shares of Arxis from $61.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Zacks Research raised shares of Arxis to a “hold” rating in a research note on Tuesday, May 12th. Finally, Wolfe Research assumed coverage on shares of Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $43.00 price objective for the company. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.73.

Arxis Stock Performance

The company’s 50 day moving average is $46.96. The company has a quick ratio of 3.79, a current ratio of 5.21 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $23.61 billion and a price-to-earnings ratio of 707.00.

Arxis (NASDAQ:ARXS) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.35. The company had revenue of $500.73 million for the quarter. The business’s quarterly revenue was up 25.0% on a year-over-year basis. Sell-side analysts predict that Arxis, Inc. will post 0.57 EPS for the current year.

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.