Arxis (NASDAQ:ARXS) Hits New 1-Year Low – Should You Sell?

Shares of Arxis, Inc. (NASDAQ:ARXS) reached a new 52-week low on Monday . The company traded as low as $34.25 and last traded at $34.57, with a volume of 15879 shares. The stock had previously closed at $34.59.

Wall Street Analyst Weigh In

A number of research analysts have commented on ARXS shares. William Blair started coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating on the stock. Wolfe Research started coverage on Arxis in a report on Monday, May 11th. They issued an “outperform” rating and a $43.00 price objective on the stock. Rothschild & Co Redburn started coverage on Arxis in a report on Monday, May 11th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Research raised Arxis to a “hold” rating in a report on Tuesday, May 12th. Finally, Melius Research started coverage on Arxis in a report on Monday, May 11th. They issued a “buy” rating and a $45.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.27.

Arxis Trading Down 0.9%

Insiders Place Their Bets

In related news, Director Stephen Duane Oetgen acquired 25,000 shares of the stock in a transaction dated Friday, April 17th. The stock was bought at an average cost of $28.00 per share, for a total transaction of $700,000.00. Following the completion of the transaction, the director directly owned 30,357 shares of the company’s stock, valued at $849,996. The trade was a 466.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Azad Sid Badakhsh bought 36,000 shares of the stock in a transaction on Friday, April 17th. The stock was acquired at an average price of $28.00 per share, with a total value of $1,008,000.00. Following the completion of the acquisition, the insider owned 403,864 shares of the company’s stock, valued at $11,308,192. This represents a 9.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 201,564 shares of company stock worth $5,643,792 over the last 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.