ARRIS Group, Inc. (NASDAQ:ARRS) has a mean price target of $34.430 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.770 a share for the very next quarter and $2.820 for this year.
The technical study of ARRIS International plc demonstrates that the 50-day moving average of ARRIS Group, Inc. (NASDAQ:ARRS) stock is $27.194, and is trading $-0.159 points away or -0.585% from 50-day moving average of $27.194. It is trading $2.960 or +12.293% away 200-day moving average of $24.075.
The 52-week high of ARRIS Group, Inc. (NASDAQ:ARRS) was $32.930 while $20.050 is the low mark in the same period. It state ARRIS International plc share price has to surge more than $-5.895 to hit 52-week high or drop +34.838% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of ARRIS International plc, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. ARRIS Group, Inc. (NASDAQ:ARRS) ratio came in at N/A, after dividing current equity price by yearly earnings. ARRIS International plc stock recorded a close of $27.035 in last trading session, registering a market cap of $5.15B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. ARRIS Group, Inc. (NASDAQ:ARRS) PEG ratio is at 0.480.
1 Chart Pattern Every Investor Should Know
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