During the last session, Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT)’s traded shares were 0.39 million, with the beta value of the company hitting 2.63. At the end of the trading day, the stock’s price was $17.21, reflecting an intraday loss of -1.94% or -$0.34. The 52-week high for the ARCT share is $45.00, that puts it down -161.48 from that peak though still a striking 13.25% gain since the share price plummeted to a 52-week low of $14.93. The company’s market capitalization is $466.17M, and the average intraday trading volume over the past 10 days was 0.34 million shares, and the average trade volume was 390.00K shares over the past three months.
Arcturus Therapeutics Holdings Inc (ARCT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ARCT has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 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 -0.51.
Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) trade information
Arcturus Therapeutics Holdings Inc (ARCT) registered a -1.94% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.94% in intraday trading to $17.21, hitting a weekly high. The stock’s 5-day price performance is -9.85%, and it has moved by -10.27% in 30 days. Based on these gigs, the overall price performance for the year is -33.68%. The short interest in Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) is 4.37 million shares and it means that shorts have 9.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.58, which implies a decrease of -79.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.58 and $10.58 respectively. As a result, ARCT is trading at a premium of 38.52% off the target high and 50.15% off the low.
Arcturus Therapeutics Holdings Inc (ARCT) estimates and forecasts
Statistics show that Arcturus Therapeutics Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Arcturus Therapeutics Holdings Inc (ARCT) shares have gone down -44.48% during the last six months, with a year-to-date growth rate less than the industry average at -16.08% against 17.10. In the rating firms’ projections, revenue will increase 3.28% 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 45.92M as predicted by 10 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 52.99M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 33.99M and 38.01M respectively. In this case, analysts expect current quarter sales to grow by 35.11% and then jump by 39.41% 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 12.40%. While earnings are projected to return -144.71% in 2024.
ARCT Dividends
Arcturus Therapeutics Holdings Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT)’s Major holders
Arcturus Therapeutics Holdings Inc insiders own 8.46% of total outstanding shares while institutional holders control 90.20%, with the float percentage being 98.54%. FEDERATED HERMES, INC. is the largest shareholder of the company, while 249.0 institutions own stock in it. As of 2024-06-30, the company held over 4.69 million shares (or 17.4067% of all shares), a total value of $114.3 million in shares.
The next largest institutional holding, with 2.65 million shares, is of BLACKROCK INC.’s that is approximately 9.8262% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $64.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Arcturus Therapeutics Holdings Inc (ARCT) shares are Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Small Cap Fund . Data provided on Jul 31, 2024 indicates that Federated Hermes Kaufmann Fund owns about 2.44 shares. This amounts to just over 8.99 percent of the company’s overall shares, with a $41.92 million market value. The same data shows that the other fund manager holds slightly less at 2.2, or about 8.11% of the stock, which is worth about $37.83 million.
