During the last session, Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT)’s traded shares were 0.32 million, with the beta value of the company hitting 2.64. At the end of the trading day, the stock’s price was $18.00, reflecting an intraday gain of 1.52% or $0.27. The 52-week high for the ARCT share is $45.00, that puts it down -150.0 from that peak though still a striking 2.67% gain since the share price plummeted to a 52-week low of $17.52. The company’s market capitalization is $486.76M, and the average intraday trading volume over the past 10 days was 0.27 million shares, and the average trade volume was 360.87K shares over the past three months.
Arcturus Therapeutics Holdings Inc (ARCT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.09. ARCT has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 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 -1.22.
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Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) trade information
Arcturus Therapeutics Holdings Inc (ARCT) registered a 1.52% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.52% in intraday trading to $18.00, hitting a weekly high. The stock’s 5-day price performance is -5.01%, and it has moved by -27.30% in 30 days. Based on these gigs, the overall price performance for the year is -4.10%. The short interest in Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) is 4.43 million shares and it means that shorts have 12.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $66, which implies an increase of 72.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $140 respectively. As a result, ARCT is trading at a discount of -677.78% off the target high and 22.22% off the low.
Arcturus Therapeutics Holdings Inc (ARCT) estimates and forecasts
Statistics show that Arcturus Therapeutics Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Arcturus Therapeutics Holdings Inc (ARCT) shares have gone down -33.99% during the last six months, with a year-to-date growth rate less than the industry average at -30.65% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -100.00% this quarter and then jump 15.60% in the quarter after that. In the rating firms’ projections, revenue will increase 9.20% 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 36.6M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 64.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 45.14M and 33.99M respectively. In this case, analysts expect current quarter sales to shrink by -18.90% and then jump by 90.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 12.40%. While earnings are projected to return -226.16% in 2024.
ARCT Dividends
Arcturus Therapeutics Holdings Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT)’s Major holders
Arcturus Therapeutics Holdings Inc insiders own 8.47% of total outstanding shares while institutional holders control 94.04%, with the float percentage being 102.74%. FEDERATED HERMES, INC. is the largest shareholder of the company, while 253.0 institutions own stock in it. As of 2024-06-30, the company held over 4.69 million shares (or 17.4067% of all shares), a total value of $114.3 million in shares.
The next largest institutional holding, with 2.65 million shares, is of BLACKROCK INC.’s that is approximately 9.8262% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $64.52 million.
