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

Shares of Arxis, Inc. (NASDAQ:ARXS) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on 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.

A number of research firms recently issued reports on ARXS. Zacks Research raised shares of Arxis to a “hold” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group began coverage on shares of Arxis in a research note on Monday, May 11th. They set a “buy” rating and a $53.00 price target on the stock. Wolfe Research began coverage on shares of Arxis in a research note on Monday, May 11th. They set an “outperform” rating and a $43.00 price target on the stock. William Blair started coverage on shares of Arxis in a research report on Monday, May 11th. They set an “outperform” rating on the stock. Finally, Melius Research started coverage on shares of Arxis in a research report on Monday, May 11th. They set a “buy” rating and a $45.00 price objective on the stock.

Insider Buying and Selling at Arxis

In other news, insider Kevin Scott Perhamus acquired 53,600 shares of the business’s stock in a transaction on Friday, April 17th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $1,500,800.00. Following the completion of the transaction, the insider directly owned 3,573,133 shares of the company’s stock, valued at approximately $100,047,724. The trade was a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Aaron Roth acquired 60,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were purchased at an average price of $28.00 per share, for a total transaction of $1,680,000.00. Following the transaction, the insider directly owned 395,515 shares of the company’s stock, valued at approximately $11,074,420. The trade was a 17.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 201,564 shares of company stock valued at $5,643,792.

Arxis Stock Up 1.6%

Arxis stock opened at $41.98 on Friday. Arxis has a 52-week low of $33.15 and a 52-week high of $48.68.

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

About Arxis

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.