Arxis, Inc. (NASDAQ:ARXS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Arxis, Inc. (NASDAQ:ARXS) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.2727.

ARXS has been the subject of a number of recent analyst reports. William Blair assumed coverage on shares of Arxis in a research report on Monday, May 11th. They set an “outperform” rating for the company. Wells Fargo & Company lifted their target price on shares of Arxis from $42.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Royal Bank Of Canada boosted their target price on Arxis from $39.00 to $46.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Zacks Research upgraded Arxis to a “hold” rating in a research note on Tuesday, May 12th. Finally, Citigroup raised their price target on Arxis from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd.

Insider Activity

In other news, insider Jason Aaron Roth bought 60,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average price of $28.00 per share, with a total value of $1,680,000.00. Following the purchase, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Azad Sid Badakhsh bought 36,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $1,008,000.00. Following the purchase, the insider owned 403,864 shares in the company, valued at $11,308,192. This represents a 9.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 201,564 shares of company stock worth $5,643,792 in the last quarter.

Arxis Price Performance

NASDAQ ARXS opened at $46.00 on Tuesday. The business’s fifty day simple moving average is $39.07. Arxis has a twelve month low of $33.15 and a twelve month high of $48.68.

Arxis (NASDAQ:ARXS) last posted its earnings results on Wednesday, May 27th. The company reported $999.00 EPS for the quarter.

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.