A Combo of Indicators for ARRIS International plc (ARRS)

On the technicals front, ARRIS International plc (NASDAQ:ARRS) overall has 96% Buy rating. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the ARRS’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 2439465 shares. ARRS stock has overall a 1% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 3359724 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 3994084 shares, is 100% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $31.57. Below this, the next support is placed in the zone of $31.5. Till the time, the ARRS stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 68.16 on daily chart, which may remain a cause for concern. If the price breaks below $31.5 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $31.68 mark may result into a pull-back move towards $31.72 level.

ARRIS International plc (ARRS) is projected to climb by -4.17 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $32 price as 12-month high target. This represents a whopping 1.14 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $31.75, which represents a return potential of 0.35 percent when compared to the closing price of the stock of $31.64 on Monday, February 11. The lowest price target for the stock is $30 — slightly more than -5.18 percent from ARRS’s current share price.

Here’s a rundown of insider trading activity for sense of ARRIS International plc (NASDAQ:ARRS). The earliest insider trade took place on 08/15/2018. Woodle David A gathered a total of 1 thousand shares of company at average share price of $23.83. The total for the purchase was set at $23.83 thousand. After this transaction, the Director account balance stood at 28.35 thousand shares. The stock grew 32.77 percent since that insider purchase. On 08/15/2018, Woodle David A, Director, purchased 1 thousand shares at a price per share of $23.84. This added 23.84 thousand shares to the insider’s fortune and the stock saw a 32.72 percent rally in value since the news became public. This transaction left 28.35 thousand shares in the Director account. On 08/14/2018, Director Wilson Debora J performed a purchase transaction worth $97.4 thousand. This purchase at $24.35 each has added 4 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 29.94 percent increase since the transaction was reported. The insider now is left with 50.75 thousand shares remaining in the account. Bryan J Timothy, who performs the Director job, bought 1 thousand shares for $24.3 thousand. The acquisition occurred on 08/14/2018 was priced at $24.3 per share. The share price soared 30.21 percent since the reporting date. Bryan J Timothy now left with a stake of 18.2 thousand ARRS stock worth $575.85 thousand after the insider buying.

ARRS shares accumulated 0.04 points or 0.13 percent on Monday to $31.64 with a light trade volume of 1.837 million shares. After opening the session at $31.59, the shares went as high as $31.65 and as low as $31.54, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $5.48 billion and now has 173.16 million shares outstanding. ARRIS International plc (ARRS) stock has gained 3.3 percent of market value in 21 trading days.

Analysts at Raymond James cut their rating on shares of ARRIS International plc (NASDAQ:ARRS) from Strong Buy to Outperform in their opinion released on October 15.

ARRS stock has a trailing 3-year beta of 0.93, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.33 a share in the trailing twelve months. The stock’s value has surged 3.5 percent year to date (YTD) against a rise of 34.87 percent in 12 month’s time. The company’s shares still trade 0.03 percent away from its 1-year high of $31.63 and 46.82 percent up from 52-week low of $21.55. The average consensus rating on the company is 3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.

Shares of ARRIS International plc (ARRS) are trading at a P/E ratio of 96.33 times earnings reported for the past 12 months. The industry ARRS operates in has an average P/E of 17.37. Its P/E ratio went as low as 13.68X and as high as 319.92 over the 5-year span. Further, it is sporting a 0.82 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.77. 28.9 percent is the gross profit margin for ARRIS International plc and operating margin sits at 1.5 percent. Along with this, the net profit margin is 1.2 percent.

ARRS will be declaring its Q4 financial results on February 13. Analysts are forecasting revenue to climb 3.2 percent to $1.79B in the next fiscal quarter, while earnings are seen soaring by nearly -13.64 percent to $0.76 per share. History has shown that shares in ARRIS International plc have gone up on 21 different earnings reaction days and are predicted to add 0.06 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.68 per share, better than the $0.67, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.65B, worse than the $1.71B analysts expected. Earnings are estimated to increase by 289.3 percent this year, 4.84 percent next year and continue to increase by 9.4 percent annually for the next 5 years.