Arvinas Inc (NASDAQ:ARVN) Adds 3.50 Percent In A Week: What Motivates The Stock?

In last trading session, Arvinas Inc (NASDAQ:ARVN) saw 0.31 million shares changing hands with its beta currently measuring 1.83. Company’s recent per share price level of $25.99 trading at $0.01 or 0.04% at ring of the bell on the day assigns it a market valuation of $1.79B. That closing price of ARVN’s stock is at a discount of -104.23% from its 52-week high price of $53.08 and is indicating a premium of 18.55% from its 52-week low price of $21.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.73 million shares which gives us an average trading volume of 564.75K if we extend that period to 3-months.

For Arvinas Inc (ARVN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 13 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 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Arvinas Inc (NASDAQ:ARVN) trade information

Upright in the green during last session for gaining 0.04%, in the last five days ARVN remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $25.99 price level, adding 3.74% to its value on the day. Arvinas Inc’s shares saw a change of -36.86% in year-to-date performance and have moved 3.50% in past 5-day. Arvinas Inc (NASDAQ:ARVN) showed a performance of -6.04% in past 30-days. Number of shares sold short was 8.54 million shares which calculate 13.66 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 66.5 to the stock, which implies a rise of 60.92% to its current value. Analysts have been projecting 24 as a low price target for the stock while placing it at a high target of 123. It follows that stock’s current price would jump 7.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.66% for stock’s current value.

Arvinas Inc (ARVN) estimates and forecasts

Statistics highlight that Arvinas Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -21.58% of value to its shares in past 6 months, showing an annual growth rate of 49.85% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 23.62% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 52.29% while estimates for its earnings growth in next 5 years are of -3.50%.

Arvinas Inc (NASDAQ:ARVN)’s Major holders

Insiders are in possession of 7.22% of company’s total shares while institution are holding 108.19 percent of that, with stock having share float percentage of 116.60%. Investors also watch the number of corporate investors in a company very closely, which is 108.19% institutions for Arvinas Inc that are currently holding shares of the company. ECOR1 CAPITAL, LLC is the top institutional holder at ARVN for having 6.73 million shares of worth $179.06 million. And as of 2024-06-30, it was holding 9.3553 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 6.67 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.2793 of outstanding shares, having a total worth of $177.6 million.

On the other hand, Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.02 shares of worth $53.87 million or 2.93% of the total outstanding shares. The later fund manager was in possession of 1.91 shares on Jun 30, 2024 , making its stake of worth around $51.09 million in the company or a holder of 2.78% of company’s stock.