Arm Holdings plc. ADR (NASDAQ: ARM) Forecasts And Short-Term Estimates

In the latest trading session, 22.14 million Arm Holdings plc. ADR (NASDAQ:ARM) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $130.74 changing hands around $15.53 or 13.48% at last look, the market valuation stands at $134.42B. ARM’s last price was a premium, traded about 3.18% off its 52-week high of $126.58. The share price had its 52-week low at $46.50, which suggests the last value was 64.43% up since then. When we look at Arm Holdings plc. ADR’s average trading volume, we note the 10-day average is 21.27 million shares, with the 3-month average coming to 10.62.

Arm Holdings plc. ADR (NASDAQ:ARM) trade information

Instantly ARM is in green as seen in intraday trades today. With action 78.44%, the performance over the past five days has been green. The jump to weekly highs of 130.00 added 13.48% to the stock’s daily price. The company’s shares are showing year-to-date upside of 73.99%, with the 5-day performance at 78.44% in the green. However, in the 30-day time frame, Arm Holdings plc. ADR (NASDAQ:ARM) is 87.39% up. Looking at the short shares, we see there were 9.27 million shares sold at short interest cover period of 1.32 days.

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Arm Holdings plc. ADR (ARM) estimates and forecasts

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $843.96 million. 17 analysts are of the opinion that Arm Holdings plc. ADR’s revenue for the quarter ending Jun 2024 will be $837.59 million.

Arm Holdings plc. ADR (NASDAQ:ARM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 90.44% of Arm Holdings plc. ADR shares while 8.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.13%. There are 8.43% institutions holding the Arm Holdings plc. ADR stock share, with FengHe Fund Management Pte. Ltd the top institutional holder. As of Sep 29, 2023, the company held 0.36% of the shares, roughly 0.37 million ARM shares worth $19.83 million.

Rheos Capital Works Inc. holds the second largest percentage of outstanding shares, with 0.09% or 90000.0 shares worth $4.82 million as of Sep 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were Goldman Sachs ETF Tr-Goldman Sachs Future Tech Leaders Equity ETF and Fidelity NASDAQ Composite Index ETF. With 46815.0 shares estimated at $2.51 million under it, the former controlled 0.05% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index ETF held about 0.02% of the shares, roughly 21272.0 shares worth around $1.14 million.

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