In recent trading session, Arm Holdings plc. ADR (NASDAQ:ARM) saw 1.7 million shares changing hands at last check today with its beta currently measuring 5.31. Company’s recent per share price level of $118.96 trading at -$4.13 or -3.36% at last check today assigns it a market valuation of $129.43B. That most recent trading price of ARM’s stock is at a discount of -58.67% from its 52-week high price of $188.75 and is indicating a premium of 60.91% from its 52-week low price of $46.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.12 million shares which gives us an average trading volume of 10.28 million if we extend that period to 3-months.
For Arm Holdings plc. ADR (ARM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.17. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.25 in the current quarter.
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Arm Holdings plc. ADR (NASDAQ:ARM) trade information
Upright in the red during last session for losing -3.36%, in the last five days ARM remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $118.96 price level, adding 13.23% to its value on the day. Arm Holdings plc. ADR’s shares saw a change of 58.31% in year-to-date performance and have moved -9.83% in past 5-day. Arm Holdings plc. ADR (NASDAQ:ARM) showed a performance of 11.08% in past 30-days. Number of shares sold short was 17.27 million shares which calculate 1.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 132.5 to the stock, which implies a rise of 10.22% to its recent value today. Analysts have been projecting 60 as a low price target for the stock while placing it at a high target of 190. It follows that stock’s current price would jump 49.56% in reaching the projected high whereas dropping to the targeted low would mean a gain of 49.56% for stock’s current value.
Arm Holdings plc. ADR (ARM) estimates and forecasts
Statistics highlight that Arm Holdings plc. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -15.54% of value to its shares in past 6 months, showing an annual growth rate of 22.83% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 22.90% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 807.44M for the same. And 17 analysts are in estimates of company making revenue of 940.44M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 23.13% while estimates for its earnings growth in next 5 years are of 31.18%.
Arm Holdings plc. ADR (NASDAQ:ARM)’s Major holders
AUSTIN PRIVATE WEALTH, LLC is the top institutional holder at ARM for having 20.0 million shares of worth $328.0. And as of 2024-06-30, it was holding 1.9373 of the company’s outstanding shares.
The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 6.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.6225 of outstanding shares, having a total worth of $1.05 trillion.
