Would It Be A Good Move Today To Sell Arteris Inc. (AIP) Stock?

At the last check on Thursday, Arteris Inc.’s (NASDAQ:AIP) stock was up $0.86, moving up 15.19 percent to $6.52. The average number of shares traded per day over the past five days has been 204,871 shares. 5 times new highs have been achieved over the past 5 days, with a $1.33 gain in that time frame. In the last twenty days, the average volume was 140,333, while in the previous 50 days, it was 109,853.

Since last month, AIP stock rose 72.49%. Shares of the company fell to $3.66 on 05/01/23, the lowest level in the past month. A 52-week high of $9.78 was reached on 02/27/23 after having rallying from a 52-week low of $3.27. Since the beginning of this year, AIP’s stock price has risen by 51.63% or $2.38, and marked a new high 11 times. However, the stock has declined by -33.37% since its 52-week high.

AIP stock investors should be aware that Arteris Inc. (AIP) stock had its last reported insider trading activity 83 days ago on Mar 03. Hawkins Nicholas B., the VP and Chief Financial Officer of the company, disposed of 768 shares for $5.22 on Mar 03. It resulted in a $4,009 divestment by the insider. Alpern Paul L sold 403 shares at an average price of $5.13 on Mar 03. The insider now owns 7,505 shares following the transaction. On Mar 03, Chief Operating Officer Moll Laurent R sold 390 shares at $5.22 apiece. The transaction was valued at $2,036.

Financial Health

In the three months ended March 30, Arteris Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.01, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 91.50% percent. In the year ended March 30, EBITDA margin amounted to -53.15%, whereas operating margins totaled -59.80%. Based on annual data, AIP earned $46.1 million in gross profit and brought in $50.38 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -72.50%. Return on equity (ROE) for the past 12 months was -76.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AIP’s revenue rose 10.57% to $23.8 million during the quarter, while net income inched up to $13.15 million. While analysts expected Arteris Inc. to report -$0.21 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by 19.00%. During the quarter, the company generated -$8.45 million in EBITDA. The liabilities of Arteris Inc. were 75.53 million at the end of its most recent quarter ended March 30, and its total debt was $3.4 million. The value of shareholders’ equity is $35.37 million.

Technical Picture

This quick technical analysis looks at Arteris Inc.’s (AIP) price momentum. With a historical volatility rate of 81.72%, the RSI 9-day stood at 86.50% on 24 May.

With respect to its five-day moving average, the current Arteris Inc. price is up by +24.86% percent or $1.33. At present, AIP shares trade +79.57% above its 20-day simple moving average and +55.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately +50.11% above its SMA50 and -23.66% below its SMA200.

Stochastic coefficient K was 93.43% and Stochastic coefficient D was 92.63%, while ATR was 0.46. Given the Stochastic reading of 94.44% for the 14-day period, the RSI (14) reading has been calculated as 81.00%. As of today, the MACD Oscillator reading stands at 0.62, while the 14-day reading stands at 0.90.