During the last session, Arvinas Inc (NASDAQ:ARVN)’s traded shares were 2.25 million, with the beta value of the company hitting 1.97. At the end of the trading day, the stock’s price was $44.85, reflecting an intraday gain of 0.29% or $0.13. The 52-week high for the ARVN share is $53.08, that puts it down -18.35 from that peak though still a striking 69.74% gain since the share price plummeted to a 52-week low of $13.57. The company’s market capitalization is $3.05B, and the average intraday trading volume over the past 10 days was 0.68 million shares, and the average trade volume was 754.48K shares over the past three months.
Arvinas Inc (NASDAQ:ARVN) trade information
Arvinas Inc (ARVN) registered a 0.29% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.29% in intraday trading to $44.85, hitting a weekly high. The stock’s 5-day price performance is -4.66%, and it has moved by -9.16% in 30 days. Based on these gigs, the overall price performance for the year is 51.83%. The short interest in Arvinas Inc (NASDAQ:ARVN) is 8.35 million shares and it means that shorts have 9.33 day(s) to cover.
Arvinas Inc (ARVN) estimates and forecasts
Statistics show that Arvinas Inc has underperformed its competitors in share price, compared to the industry in which it operates. Arvinas Inc (ARVN) shares have gone up 77.55% during the last six months, with a year-to-date growth rate less than the industry average at 10.42% against 13.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 7.80% this quarter and then drop -20.80% in the quarter after that. In the rating firms’ projections, revenue will increase 83.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $35.63 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $35.41 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $32.5 million and $54.5 million respectively. In this case, analysts expect current quarter sales to grow by 9.60% and then drop by -35.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.62%. While earnings are projected to return 11.79% in 2024.
ARVN Dividends
Arvinas Inc is due to release its next quarterly earnings between May 03 and May 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
Arvinas Inc insiders own 2.40% of total outstanding shares while institutional holders control 97.32%, with the float percentage being 99.71%. Blackrock Inc. is the largest shareholder of the company, while 307 institutions own stock in it. As of Jun 29, 2023, the company held over 4.9 million shares (or 9.17% of all shares), a total value of $121.7 million in shares.
The next largest institutional holding, with 4.52 million shares, is of Vanguard Group Inc’s that is approximately 8.45% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $112.13 million.
Also, the Mutual Funds coming in first place with the largest holdings of Arvinas Inc (ARVN) shares are Vanguard Total Stock Market Index Fund and Price (T.Rowe) New Horizons Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 1.43 million shares. This amounts to just over 2.68 percent of the company’s overall shares, with a $35.52 million market value. The same data shows that the other fund manager holds slightly less at 1.25 million, or about 2.33% of the stock, which is worth about $30.94 million.
