During the last session, Arvinas Inc (NASDAQ:ARVN)’s traded shares were 0.6 million, with the beta value of the company hitting 1.97. At the end of the trading day, the stock’s price was $26.90, reflecting an intraday gain of 1.78% or $0.47. The 52-week high for the ARVN share is $53.08, that puts it down -97.32 from that peak though still a striking 47.88% gain since the share price plummeted to a 52-week low of $14.02. The company’s market capitalization is $1.85B, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 582.81K shares over the past three months.
Arvinas Inc (ARVN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.26. ARVN has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 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 -1.14.
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Arvinas Inc (NASDAQ:ARVN) trade information
Arvinas Inc (ARVN) registered a 1.78% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.78% in intraday trading to $26.90, hitting a weekly high. The stock’s 5-day price performance is 3.78%, and it has moved by 9.89% in 30 days. Based on these gigs, the overall price performance for the year is 68.34%. The short interest in Arvinas Inc (NASDAQ:ARVN) is 9.32 million shares and it means that shorts have 17.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $70, which implies an increase of 61.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $123 respectively. As a result, ARVN is trading at a discount of -357.25% off the target high and 10.78% off the low.
Arvinas Inc (ARVN) estimates and forecasts
Statistics show that Arvinas Inc has outperformed its competitors in share price, compared to the industry in which it operates. Arvinas Inc (ARVN) shares have gone down -18.04% during the last six months, with a year-to-date growth rate more than the industry average at 46.98% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 54.90% this quarter and then drop -33.00% in the quarter after that. In the rating firms’ projections, revenue will increase 224.20% 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 54.28M as predicted by 16 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 41.24M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled -43.1M and 25.3M respectively. In this case, analysts expect current quarter sales to shrink by -225.90% and then jump by 63.00% 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 23.62%. While earnings are projected to return 52.40% in 2024, the next five years will return -3.50% per annum.
ARVN Dividends
Arvinas Inc is due to release its next quarterly earnings on 2025-Feb-25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
Arvinas Inc insiders own 7.22% of total outstanding shares while institutional holders control 107.07%, with the float percentage being 115.40%. ECOR1 CAPITAL, LLC is the largest shareholder of the company, while 298.0 institutions own stock in it. As of 2024-06-30, the company held over 6.73 million shares (or 9.3553% of all shares), a total value of $179.06 million in shares.
The next largest institutional holding, with 6.67 million shares, is of VANGUARD GROUP INC’s that is approximately 9.2793% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $177.6 million.
