In the last trading session, 1.07 million Arvinas Inc (NASDAQ:ARVN) shares changed hands as the company’s beta touched 1.97. With the company’s per share price at $18.05 changed hands at $0.95 or 5.56% during last session, the market valuation stood at $1.24B. ARVN’s last price was a discount, traded about -194.07% off its 52-week high of $53.08. The share price had its 52-week low at $16.61, which suggests the last value was 7.98% up since then. When we look at Arvinas Inc’s average trading volume, we note the 10-day average is 0.81 million shares, with the 3-month average coming to 833.88K.
Analysts gave the Arvinas Inc (ARVN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.23. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended ARVN as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Arvinas Inc’s EPS for the current quarter is expected to be -0.96.
Arvinas Inc (NASDAQ:ARVN) trade information
Instantly ARVN was in green as seen at the end of in last trading. With action 0.73%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.84%, with the 5-day performance at 0.73% in the green. However, in the 30-day time frame, Arvinas Inc (NASDAQ:ARVN) is -4.45% down. Looking at the short shares, we see there were 9.76 million shares sold at short interest cover period of 10.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is 62.5, meaning bulls need an upside of 71.12% from its current market value. According to analyst projections, ARVN’s forecast low is 40 with 69 as the target high. To hit the forecast high, the stock’s price needs a -282.27% plunge from its current level, while the stock would need to soar -121.61% for it to hit the projected low.
Arvinas Inc (ARVN) estimates and forecasts
Data shows that the Arvinas Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -30.15% over the past 6 months, a 51.36% in annual growth rate that is considerably higher than the industry average of 15.90%. Year-over-year growth is forecast to reach 237.23% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 62.79M. 10 analysts are of the opinion that Arvinas Inc’s revenue for the current quarter will be 37.45M. The company’s revenue for the corresponding quarters a year ago was -43.1M and 25.3M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 245.69%. The estimates for the next quarter sales put growth at 48.04%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.62%. The 2025 estimates are for Arvinas Inc earnings to increase by 52.46%, but the outlook for the next 5-year period is at 12.12% per year.
ARVN Dividends
Arvinas Inc is expected to release its next quarterly earnings report in March.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.22% of Arvinas Inc shares while 110.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.85%. There are 110.28% institutions holding the Arvinas Inc stock share, with ECOR1 CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 9.3553% of the shares, roughly 6.73 million ARVN shares worth $179.06 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.2793% or 6.67 million shares worth $177.6 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund. With 2.02 shares estimated at $36.39 million under it, the former controlled 2.93% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.82% of the shares, roughly 1.94 shares worth around $34.95 million.
