Arvinas Inc (NASDAQ:ARVN) has a beta value of 1.84 and has seen 1.42 million shares traded in the last trading session. The company, currently valued at $1.31B, closed the last trade at $19.10 per share which meant it gained $0.11 on the day or 0.58% during that session. The ARVN stock price is -177.91% off its 52-week high price of $53.08 and 3.09% above the 52-week low of $18.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.0 million shares traded. The 3-month trading volume is 667.30K shares.
The consensus among analysts is that Arvinas Inc (ARVN) is Buy stock at the moment, with a recommendation rating of 1.23. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 13 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.96.
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Arvinas Inc (NASDAQ:ARVN) trade information
Sporting 0.58% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARVN stock price touched $19.10 or saw a rise of 22.89%. Year-to-date, Arvinas Inc shares have moved -53.60%, while the 5-day performance has seen it change -22.33%. Over the past 30 days, the shares of Arvinas Inc (NASDAQ:ARVN) have changed -15.04%. Short interest in the company has seen 9.02 million shares shorted with days to cover at 13.21.
Wall Street analysts have a consensus price target for the stock at $62.5, which means that the shares’ value could jump 69.44% from current levels. The projected low price target is $40.0 while the price target rests at a high of $69.0. In that case, then, we find that the current price level is -261.26% off the targeted high while a plunge would see the stock gain -109.42% from current levels.
Arvinas Inc (ARVN) estimates and forecasts
Figures show that Arvinas Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -23.05% over the past 6 months, with this year growth rate of 51.36%, compared to 17.20% for the industry. Revenue growth from the last financial year stood is estimated to be 237.23%.
18 analysts offering their estimates for the company have set an average revenue estimate of 62.79M for the current quarter. 8 have an estimated revenue figure of 35.71M for the next ending quarter. Year-ago sales stood -43.1M and 25.3M respectively for this quarter and the next, and analysts expect sales will grow by 245.69% for the current quarter and 237.23% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.62% over the past 5 years. Earnings growth for 2024 is a modest 52.40% while over the next 5 years, the company’s earnings are expected to decrease by -3.50%.
ARVN Dividends
Arvinas Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
Insiders own 7.22% of the company shares, while shares held by institutions stand at 109.43% with a share float percentage of 117.94%. Investors are also buoyed by the number of investors in a company, with Arvinas Inc having a total of 309.0 institutions that hold shares in the company. The top two institutional holders are ECOR1 CAPITAL, LLC with over 6.73 million shares worth more than $179.06 million. As of 2024-06-30, ECOR1 CAPITAL, LLC held 9.3553% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 6.67 million shares as of 2024-06-30. The firm’s total holdings are worth over $177.6 million and represent 9.2793% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.93% shares in the company for having 2.02 shares of worth $38.51 million while later fund manager owns 1.94 shares of worth $36.98 million as of Sep 30, 2024 , which makes it owner of about 2.82% of company’s outstanding stock.
