Arm Holdings plc. ADR (NASDAQ:ARM) has seen 3.54 million shares traded in the recent trading session. The company, currently valued at $168.78B, closed the recent trade at $161.07 per share which meant it lost -$10.63 on the day or -6.19% during that session. The ARM stock price is -17.19% off its 52-week high price of $188.75 and 71.13% above the 52-week low of $46.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.25 million shares traded. The 3-month trading volume is 10.21 million shares.
The consensus among analysts is that Arm Holdings plc. ADR (ARM) is Buy stock at the moment, with a recommendation rating of 2.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 10 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
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Arm Holdings plc. ADR (NASDAQ:ARM) trade information
Sporting -6.19% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARM stock price touched $161.07 or saw a rise of 7.02%. Year-to-date, Arm Holdings plc. ADR shares have moved 114.35%, while the 5-day performance has seen it change -0.39%. Over the past 30 days, the shares of Arm Holdings plc. ADR (NASDAQ:ARM) have changed 6.62%. Short interest in the company has seen 12.89 million shares shorted with days to cover at 1.03.
Wall Street analysts have a consensus price target for the stock at $135, which means that the shares’ value could drop -19.31% from the levels at last check today. The projected low price target is $60 while the price target rests at a high of $190. In that case, then, we find that the latest price level in today’s session is -17.96% off the targeted high while a plunge would see the stock lose 62.75% from the levels at last check today.
Arm Holdings plc. ADR (ARM) estimates and forecasts
Figures show that Arm Holdings plc. ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 110.96% over the past 6 months, with this year growth rate of 22.83%, compared to 14.60% for the industry.
Earnings growth for 2024 is a modest 22.82% while over the next 5 years, the company’s earnings are expected to increase by 31.29%.
ARM Dividends
Arm Holdings plc. ADR is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
