Now Is A Good Time To Buy Arm Holdings plc. ADR (NASDAQ: ARM)

During the last session, Arm Holdings plc. ADR (NASDAQ:ARM)’s traded shares were 7.08 million. At the end of the trading day, the stock’s price was $163.40, reflecting an intraday gain of 3.20% or $5.07. The 52-week high for the ARM share is $188.75, that puts it down -15.51 from that peak though still a striking 71.54% gain since the share price plummeted to a 52-week low of $46.50. The company’s market capitalization is $171.22B, and the average intraday trading volume over the past 10 days was 9.42 million shares, and the average trade volume was 10.77 million shares over the past three months.

Arm Holdings plc. ADR (ARM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.17. ARM has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.

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

Arm Holdings plc. ADR (ARM) registered a 3.20% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.20% in intraday trading to $163.40, hitting a weekly high. The stock’s 5-day price performance is -9.81%, and it has moved by -6.16% in 30 days. The short interest in Arm Holdings plc. ADR (NASDAQ:ARM) is 12.89 million shares and it means that shorts have 1.03 day(s) to cover.

The extremes of the forecast give a target low and a target high price of $60 and $180 respectively. As a result, ARM is trading at a discount of -10.16% off the target high and 63.28% off the low.

Arm Holdings plc. ADR (ARM) estimates and forecasts

Statistics show that Arm Holdings plc. ADR has outperformed its competitors in share price, compared to the industry in which it operates. Arm Holdings plc. ADR (ARM) shares have gone up 120.13% during the last six months, with a year-to-date growth rate more than the industry average at 22.05% against 15.20.

While earnings are projected to return 22.82% in 2024, the next five years will return 31.29% per annum.

ARM Dividends

Arm Holdings plc. ADR is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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