In today’s recent session, 1.9 million shares of the ARC Document Solutions Inc (NYSE:ARC) have been traded, and its beta is 1.11. Most recently the company’s share price was $3.34, and it changed around $0.25 or 8.09% from the last close, which brings the market valuation of the company to $144.45M. ARC at last check was trading at a discount to its 52-week high of $3.52, offering almost -5.39% off that amount. The share price’s 52-week low was $2.56, which indicates that the recent value has risen by an impressive 23.35% since then. We note from ARC Document Solutions Inc’s average daily trading volume that its 10-day average is 92650.0 shares, with the 3-month average coming to 107.16K.
ARC Document Solutions Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended ARC as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. ARC Document Solutions Inc is expected to report earnings per share of 0.06 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ARC Document Solutions Inc (NYSE:ARC) trade information
Instantly ARC has been showing a green trend so far today with a performance of 8.09% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.35 on recent trading dayincreased the stock’s daily price by 0.3%. The company’s shares are currently up 1.83% year-to-date, but still up 12.84% over the last five days. On the other hand, ARC Document Solutions Inc (NYSE:ARC) is 7.74% up in the 30-day period. We can see from the shorts that 89523.0 shares have been sold at a short interest cover period of 0.84 day(s).
ARC Document Solutions Inc (ARC) estimates and forecasts
ARC Document Solutions Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.70 percent over the past six months and at a -11.11% annual growth rate that is well below the industry average of 3.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -14.30% in revenue this quarter, and will report an increase of 20.00% in the next quarter. The year-over-year growth rate is expected to be 2.00%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 72.13M in revenue for the current quarter. 2 analysts expect ARC Document Solutions Inc to make 69.82M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 71.94M and 68.88M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.30%. Forecasts for the next quarter put sales growth at 1.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.78%. ARC Document Solutions Inc earnings are expected to increase by -9.26% in 2024, but the outlook is positive 10.00% per year for the next five years.
ARC Dividends
ARC Document Solutions Inc’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 5.99 percent and its annual dividend per share was 0.20. It is important to note, however, that the 5.99% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
ARC Document Solutions Inc (NYSE:ARC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.65% of ARC Document Solutions Inc shares, and 49.67% of them are in the hands of institutional investors. The stock currently has a share float of 60.31%. ARC Document Solutions Inc stock is held by 79.0 institutions, with RENAISSANCE TECHNOLOGIES LLC being the largest institutional investor. By 2024-06-30, it held 6.7743% of the shares, which is about 2.86 million shares worth $7.55 million.
VANGUARD GROUP INC, with 4.6232% or 1.95 million shares worth $5.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Northern Lights Fd Tr II-North Star Dividend Fd were the top two Mutual Funds as of Mar 31, 2024 . The former held 1.34 shares worth $4.47 million, making up 3.09% of all outstanding shares. On the other hand, Northern Lights Fd Tr II-North Star Dividend Fd held roughly 703.0 shares worth around $2.35 million, which represents about 1.63% of the total shares outstanding.
