Arrow Electronics Inc. [ARW] stock is trading at $120.19, up 2.29%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARW shares have gain 2.87% over the last week, with a monthly amount glided 8.13%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Arrow Electronics and Infineon Collaborate to Accelerate Automotive Electrification. In a post published today on Yahoo Finance, Arrow Electronics, Inc. (NYSE:ARW) and its engineering services company, eInfochips, are working with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) to help eInfochips’ customers accelerate the development of electric vehicle (EV) chargers.
From an analyst’s perspective:
Arrow Electronics Inc. [NYSE: ARW] stock has seen the most recent analyst activity on September 16, 2022, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $87 from $125. Previously, Raymond James upgraded its rating to Outperform on February 02, 2022, and kept the price target unchanged to $150. BofA/Merrill upgraded its rating to a Neutral but stick to its price target of $70 on April 28, 2020. Loop Capital initiated its recommendation with a Buy and recommended $80 as its price target on April 24, 2020. Raymond James downgraded its rating to Mkt Perform for this stock on April 14, 2020. In a note dated January 13, 2020, Wells Fargo downgraded an Equal Weight rating on this stock but restated the target price of $86.
Arrow Electronics Inc. [ARW] stock has fluctuated between $108.51 and $147.42 over the past year. Currently, Wall Street analysts expect the stock to reach $126.75 within the next 12 months. Arrow Electronics Inc. [NYSE: ARW] shares were valued at $120.19 at the most recent close of the market. An investor can expect a potential return of 5.46% based on the average ARW price forecast.
Analyzing the ARW fundamentals
Arrow Electronics Inc. [NYSE:ARW] reported sales of 33.11B for the trailing twelve months, which represents a drop of -15.81%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 118.38 points at the first support level, and at 116.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.50, and for the 2nd resistance point, it is at 122.80.
Arrow Electronics Inc. [ARW] reported earnings per share of $3.98 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.72/share, meaning a difference of $0.26 and a surprise factor of 7.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4.14 per share as compared to estimates of $3.51 per share, a difference of $0.63 representing a surprise of 17.90%.
Ratios To Look Out For
For context, Arrow Electronics Inc.’s Current Ratio is 1.39. Further, the Quick Ratio stands at 1.00, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 7.61.
Transactions by insiders
Recent insider trading involved Marano Richard John, President, Global Components, that happened on Feb 28 when 1900.0 shares were sold. VP, Corp. Cont., & CAO, Cho Yun Sung completed a deal on Feb 23 to sell 739.0 shares. Meanwhile, Director HAMILTON GAIL sold 1419.0 shares on May 30.
