Chips · Stock report · ARM Holdings (NASDAQ: ARM)
ARM — ranks 85th of 86 chip stocks over a month, yet closed back above its 200-day line
The Closelooknet read
ARM Holdings (NASDAQ: ARM) sits near the bottom of our chip section on momentum: its 1-month move of -32% ranks 85th of the 86 stocks we track. Our money-flow reading (a gauge of net buying pressure) is 111.5, still positive but slowing, down 15.3 points over 21 days. On Wednesday the stock closed at $226.59, just above the average close of the last 200 sessions at $225.12, a cross upward. We watch whether it holds above $225.12 in the coming sessions, or slips back under it.
The composite score is 54.
Where ARM stands among our chip stocks
ARM's 1-month move of -32% compares with gains of 7.63% for Cadence Design Systems (CDNS) and 10.25% for Synopsys (SNPS), the two peers in the same group in our data. Both are still below their 52-week highs, by 21.69% and 15.6%. ARM is 48.44% below its 18 June closing high of $439.46. Over three months ARM is down 19.94%, yet it remains up 107.29% so far this year.
Our money-flow and quality readings
Our money-flow reading for ARM is 111.5 and labelled warm, our label for the strength of net buying. It is still positive but slowing, down 8.4 points over five days. On our scores ARM rates 54 of 100 overall: growth 81, balance sheet 94, quality 69, momentum 47, cash quality 54, held back by capital allocation (18) and valuation (8). The Piotroski score is a check of financial health, scored 6 of 8.
Price trend and the Street
ARM closed up 2.5% on the day at $226.59, after a 4.8% drop over five days. It trades 14.5% below its 50-day average of $265.00 and 0.65% above its 200-day average of $225.12. Its typical daily swing is about 5.18%. Analysts' average target is $376, 70.1% above the last close, with 19 buy, 6 hold and 2 sell ratings.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.