During the last session, Arena Group Holdings Inc (AMEX:AREN)’s traded shares were 0.43 million, with the beta value of the company hitting 0.35. At the end of the trading day, the stock’s price was $1.55, reflecting an intraday gain of 2.65% or $0.04. The 52-week high for the AREN share is $4.74, that puts it down -205.81 from that peak though still a striking 63.87% gain since the share price plummeted to a 52-week low of $0.56. The company’s market capitalization is $73.57M, and the average intraday trading volume over the past 10 days was 10.88 million shares, and the average trade volume was 1.71 million shares over the past three months.
Arena Group Holdings Inc (AREN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AREN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 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.
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Arena Group Holdings Inc (AMEX:AREN) trade information
Arena Group Holdings Inc (AREN) registered a 2.65% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.65% in intraday trading to $1.55, hitting a weekly high. The stock’s 5-day price performance is -11.43%, and it has moved by 121.43% in 30 days. Based on these gigs, the overall price performance for the year is -47.28%. The short interest in Arena Group Holdings Inc (AMEX:AREN) is 0.26 million shares and it means that shorts have 30.04 day(s) to cover.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 41.76%.
AREN Dividends
Arena Group Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arena Group Holdings Inc (AMEX:AREN)’s Major holders
Arena Group Holdings Inc insiders own 41.87% of total outstanding shares while institutional holders control 5.45%, with the float percentage being 9.37%. VANGUARD GROUP INC is the largest shareholder of the company, while 23.0 institutions own stock in it. As of 2024-06-30, the company held over 0.35 million shares (or 1.3295% of all shares), a total value of $0.27 million in shares.
The next largest institutional holding, with 0.16 million shares, is of GEODE CAPITAL MANAGEMENT, LLC’s that is approximately 0.6194% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.13 million.
Also, the Mutual Funds coming in first place with the largest holdings of Arena Group Holdings Inc (AREN) shares are 180 Degree Capital Corp and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that 180 Degree Capital Corp owns about 992.99 shares. This amounts to just over 2.09 percent of the company’s overall shares, with a $1.54 million market value. The same data shows that the other fund manager holds slightly less at 201.26, or about 0.42% of the stock, which is worth about $0.31 million.
