In the last trading session, 1.86 million shares of the Arvinas Inc (NASDAQ:ARVN) were traded, and its beta was 1.96. Most recently the company’s share price was $17.68, and it changed around -$1.29 or -6.80% from the last close, which brings the market valuation of the company to $1.21B. ARVN currently trades at a discount to its 52-week high of $53.08, offering almost -200.23% off that amount. The share price’s 52-week low was $16.61, which indicates that the current value has risen by an impressive 6.05% since then. We note from Arvinas Inc’s average daily trading volume that its 10-day average is 0.96 million shares, with the 3-month average coming to 880.91K.
Arvinas Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.06. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 2 recommended ARVN as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Arvinas Inc is expected to report earnings per share of -1.04 for the current quarter.
Arvinas Inc (NASDAQ:ARVN) trade information
Instantly ARVN has showed a red trend with a performance of -6.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 20.16 on recent trading dayincreased the stock’s daily price by 12.3%. The company’s shares are currently down -7.77% year-to-date, but still down -2.05% over the last five days. On the other hand, Arvinas Inc (NASDAQ:ARVN) is -5.05% down in the 30-day period. We can see from the shorts that 9.76 million shares have been sold at a short interest cover period of 10.28 day(s).
The consensus price target as assigned by Wall Street analysts is $62.5, which translates to bulls needing to increase their stock price by 71.71% from its current value. Analyst projections state that ARVN is forecast to be at a low of $40 and a high of $69.
Arvinas Inc (ARVN) estimates and forecasts
The year-over-year growth rate is expected to be -20.53%, down from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 41.53M in revenue for the current quarter. 12 analysts expect Arvinas Inc to make 41.45M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 25.3M and 76.5M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 64.14%. Forecasts for the next quarter put sales growth at -45.81%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.62%. Arvinas Inc earnings are expected to increase by -73.68% in 2025, but the outlook is positive 0.46% per year for the next five years.
ARVN Dividends
Arvinas Inc’s next quarterly earnings report is expected to be released in March.
Arvinas Inc (NASDAQ:ARVN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.22% of Arvinas Inc shares, and 110.82% of them are in the hands of institutional investors. The stock currently has a share float of 119.44%. Arvinas Inc stock is held by 303.0 institutions, with ECOR1 CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 9.3553% of the shares, which is about 6.73 million shares worth $179.06 million.
VANGUARD GROUP INC, with 9.2793% or 6.67 million shares worth $177.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 2.02 shares worth $35.64 million, making up 2.93% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.94 shares worth around $34.23 million, which represents about 2.82% of the total shares outstanding.
