During the last session, Arm Holdings plc. ADR (NASDAQ:ARM)’s traded shares were 9.31 million. At the end of the trading day, the stock’s price was $131.93, reflecting an intraday gain of 5.27% or $6.61. The 52-week high for the ARM share is $188.75, that puts it down -43.07 from that peak though still a striking 64.75% gain since the share price plummeted to a 52-week low of $46.50. The company’s market capitalization is $143.54B, and the average intraday trading volume over the past 10 days was 6.39 million shares, and the average trade volume was 10.48 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 11 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.25.
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Arm Holdings plc. ADR (NASDAQ:ARM) trade information
Arm Holdings plc. ADR (ARM) registered a 5.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.27% in intraday trading to $131.93, hitting a weekly high. The stock’s 5-day price performance is 1.70%, and it has moved by -8.49% in 30 days. The short interest in Arm Holdings plc. ADR (NASDAQ:ARM) is 17.27 million shares and it means that shorts have 1.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $132.5, which implies an increase of 0.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $60 and $190 respectively. As a result, ARM is trading at a discount of -44.02% off the target high and 54.52% 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 down -6.46% during the last six months, with a year-to-date growth rate more than the industry average at 22.83% against 16.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -30.60% this quarter and then jump 13.80% in the quarter after that. In the rating firms’ projections, revenue will increase 22.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 807.44M as predicted by 18 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 940.44M by the end of current fiscal year.
While earnings are projected to return 23.14% in 2024, the next five years will return 31.18% per annum.
ARM Dividends
Arm Holdings plc. ADR is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 6.43 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 0.6225% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.05 billion.
