In the latest trading session, 1.82 million Arm Holdings plc. ADR (NASDAQ:ARM) shares changed hands as the company’s beta touched 4.58. With the company’s most recent per share price at $165.73 changing hands around $3.53 or 2.18% at last look, the market valuation stands at $174.18B. ARM’s current price is a discount, trading about -13.89% off its 52-week high of $188.75. The share price had its 52-week low at $71.60, which suggests the last value was 56.8% up since then. When we look at Arm Holdings plc. ADR’s average trading volume, we note the 10-day average is 9.38 million shares, with the 3-month average coming to 5.73 million.
Analysts gave the Arm Holdings plc. ADR (ARM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.07. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended ARM as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Arm Holdings plc. ADR’s EPS for the current quarter is expected to be 0.34.
Arm Holdings plc. ADR (NASDAQ:ARM) trade information
Instantly ARM is in green as seen in intraday trades today. With action 12.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 34.35%, with the 5-day performance at 12.28% in the green. However, in the 30-day time frame, Arm Holdings plc. ADR (NASDAQ:ARM) is 17.47% up. Looking at the short shares, we see there were 12.39 million shares sold at short interest cover period of 2.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 160, meaning bulls need a downside of -3.58% from its recent market value. According to analyst projections, ARM’s forecast low is 100 with 180 as the target high. To hit the forecast high, the stock’s price needs a -8.61% plunge from its current level, while the stock would need to tank 39.66% for it to hit the projected low.
Arm Holdings plc. ADR (ARM) estimates and forecasts
Data shows that the Arm Holdings plc. ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 50.05% over the past 6 months, a 22.83% in annual growth rate that is considerably lower than the industry average of 25.90%. Year-over-year growth is forecast to reach 22.14% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 948M. 24 analysts are of the opinion that Arm Holdings plc. ADR’s revenue for the current quarter will be 1.22B. The company’s revenue for the corresponding quarters a year ago was 824M and 928M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.05%. The estimates for the next quarter sales put growth at 31.10%. The 2025 estimates are for Arm Holdings plc. ADR earnings to increase by 22.95%, but the outlook for the next 5-year period is at 28.94% per year.
Arm Holdings plc. ADR (NASDAQ:ARM)’s Major holders
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 0.6156% or 6.43 million shares worth $1.05 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and Fidelity Contrafund Inc. With 2.49 shares estimated at $413.79 million under it, the former controlled 0.24% of total outstanding shares. On the other hand, Fidelity Contrafund Inc held about 0.06% of the shares, roughly 677.94 shares worth around $112.82 million.
