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

Arxis, Inc. (NASDAQ:ARXS) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $49.2727.

ARXS has been the topic of several research reports. The Goldman Sachs Group assumed coverage on shares of Arxis in a research note on Monday, May 11th. They issued a “buy” rating and a $53.00 price target on the stock. Royal Bank Of Canada increased their price objective on shares of Arxis from $39.00 to $46.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Citigroup boosted their target price on Arxis from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Wolfe Research began coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $43.00 price target for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Arxis in a research report on Sunday, May 31st.

Insiders Place Their Bets

In related news, insider Ross Bradley Sealfon bought 12,500 shares of the business’s stock in a transaction on Friday, April 17th. The stock was acquired at an average cost of $28.00 per share, with a total value of $350,000.00. Following the purchase, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason Aaron Roth bought 60,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was bought at an average cost of $28.00 per share, with a total value of $1,680,000.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 201,564 shares of company stock worth $5,643,792.

Arxis Price Performance

NASDAQ ARXS opened at $46.00 on Tuesday. The company has a fifty day moving average price of $39.07. Arxis has a one year low of $33.15 and a one year high of $48.68.

Arxis (NASDAQ:ARXS) last announced its 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.