In the last trading session, 4.71 million shares of the Arena Group Holdings Inc (AMEX:AREN) were traded, and its beta was 0.27. Most recently the company’s share price was $1.76, and it changed around $0.01 or 0.57% from the last close, which brings the market valuation of the company to $256.50M. AREN currently trades at a discount to its 52-week high of $4.74, offering almost -169.32% off that amount. The share price’s 52-week low was $0.56, which indicates that the current value has risen by an impressive 68.18% since then. We note from Arena Group Holdings Inc’s average daily trading volume that its 10-day average is 10.21 million shares, with the 3-month average coming to 1.61 million.
Arena Group Holdings Inc stock received a consensus recommendation rating of Buy, 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, 0 recommended AREN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
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Arena Group Holdings Inc (AMEX:AREN) trade information
Instantly AREN has showed a green trend with a performance of 0.57% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.1800 on recent trading dayincreased the stock’s daily price by 19.27%. The company’s shares are currently down -26.05% year-to-date, but still up 183.00% over the last five days. On the other hand, Arena Group Holdings Inc (AMEX:AREN) is 134.67% up in the 30-day period. We can see from the shorts that 0.26 million shares have been sold at a short interest cover period of 30.04 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 41.76%.
AREN Dividends
Arena Group Holdings Inc’s next quarterly earnings report is expected to be released in December.
Arena Group Holdings Inc (AMEX:AREN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 41.87% of Arena Group Holdings Inc shares, and 5.45% of them are in the hands of institutional investors. The stock currently has a share float of 9.37%. Arena Group Holdings Inc stock is held by 23.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 1.3295% of the shares, which is about 0.35 million shares worth $0.27 million.
GEODE CAPITAL MANAGEMENT, LLC, with 0.6194% or 0.16 million shares worth $0.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
