In last trading session, Arvinas Inc (NASDAQ:ARVN) saw 0.54 million shares changing hands with its beta currently measuring 1.91. Company’s recent per share price level of $20.92 trading at $0.12 or 0.58% at ring of the bell on the day assigns it a market valuation of $1.15B. That closing price of ARVN’s stock is at a discount of -167.88% from its 52-week high price of $56.04 and is indicating a premium of 35.13% from its 52-week low price of $13.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.7 million shares which gives us an average trading volume of 480.30K if we extend that period to 3-months.
Arvinas Inc (NASDAQ:ARVN) trade information
Upright in the green during last session for gaining 0.58%, in the last five days ARVN remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $20.92 price level, adding 2.65% to its value on the day. Arvinas Inc’s shares saw a change of -38.85% in year-to-date performance and have moved 39.56% in past 5-day. Arvinas Inc (NASDAQ:ARVN) showed a performance of 36.91% in past 30-days. Number of shares sold short was 2.61 million shares which calculate 5.21 days to cover the short interests.
Arvinas Inc (ARVN) estimates and forecasts
Statistics highlight that Arvinas Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -5.77% of value to its shares in past 6 months, showing an annual growth rate of 0.94% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 7.70% in the current quarter and calculating 5.20% increase in the next quarter. This year revenue growth is estimated to rise 25.70% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $44.6 million for the same. And 7 analysts are in estimates of company making revenue of $38.09 million in the next quarter that will end on Mar 2024. Company posted $38 million and $32.5 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 17.40% while estimating it to be 17.20% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -42.94% during past 5 years.
Arvinas Inc is more likely to be releasing its next quarterly report on November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
Insiders are in possession of 2.68% of company’s total shares while institution are holding 94.29 percent of that, with stock having share float percentage of 96.89%. Investors also watch the number of corporate investors in a company very closely, which is 94.29% institutions for Arvinas Inc that are currently holding shares of the company. EcoR1 Capital, LLC is the top institutional holder at ARVN for having 5.47 million shares of worth $114.37 million. And as of Sep 29, 2023, it was holding 9.94% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.97 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 9.03% of outstanding shares, having a total worth of $103.96 million.
On the other hand, Vanguard Total Stock Market Index Fund and Price (T.Rowe) New Horizons Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.43 million shares of worth $29.94 million or 2.60% of the total outstanding shares. The later fund manager was in possession of 1.25 million shares on Jun 29, 2023, making its stake of worth around $26.08 million in the company or a holder of 2.27% of company’s stock.