Arvinas Inc (NASDAQ:ARVN)’s traded shares stood at 0.5 million during the last session, with the company’s beta value hitting 1.83. At the close of trading, the stock’s price was $25.92, to imply an increase of 4.77% or $1.18 in intraday trading. The ARVN share’s 52-week high remains $53.08, putting it -104.78% down since that peak but still an impressive 18.33% since price per share fell to its 52-week low of $21.17. The company has a valuation of $1.78B, with an average of 0.59 million shares in intraday trading volume over the past 10 days and average of 575.23K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Arvinas Inc (ARVN), translating to a mean rating of 1.25. Of 13 analyst(s) looking at the stock, 0 analyst(s) give ARVN a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.97.
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Arvinas Inc (NASDAQ:ARVN) trade information
After registering a 4.77% upside in the last session, Arvinas Inc (ARVN) has traded red over the past five days. The 5-day price performance for the stock is -2.99%, and -7.40% over 30 days. With these gigs, the year-to-date price performance is -37.03%. Short interest in Arvinas Inc (NASDAQ:ARVN) saw shorts transact 8.54 million shares and set a 13.66 days time to cover.
The extremes give us $40 and $63 for target low and target high price respectively. As such, ARVN has been trading -143.06% off suggested target high and -54.32% from its likely low.
Arvinas Inc (ARVN) estimates and forecasts
Looking at statistics comparing Arvinas Inc share performance against respective industry, we note that the company has outperformed competitors. Arvinas Inc (ARVN) shares are -2.88% down over the last 6 months, with its year-to-date growth rate higher than industry average at 51.36% against 17.50%. The rating firms project that company’s revenue will grow 237.93% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is 63.54M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 35.71M.Earnings reports from the last fiscal year show that sales brought in -43.1M and 25.3M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 247.44% before jumping 41.16% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 23.62% for the past 5-year period. While 2024 is set for a 52.29% return in earnings, projections for the next 5 years are at -3.50% annually.
ARVN Dividends
Arvinas Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
Arvinas Inc insiders hold 7.22% of total outstanding shares, with institutional holders owning 109.25% of the shares at 117.74% float percentage. In total, 109.25% institutions holds shares in the company, led by ECOR1 CAPITAL, LLC. As of 2024-06-30, the company held over 6.73 million shares (or 9.3553% of shares), all amounting to roughly $179.06 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 6.67 million shares, or about 9.2793% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $177.6 million.
We also have Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Arvinas Inc (ARVN) shares. Going by data provided on Sep 30, 2024, Price (T.Rowe) New Horizons Fund holds roughly 2.02 shares. This is just over 2.93% of the total shares, with a market valuation of $52.26 million. Data from the same date shows that the other fund manager holds a little less at 1.94, or 2.82% of the shares, all valued at about 50.18 million.
