During the recent session, Arm Holdings plc. ADR (NASDAQ:ARM)’s traded shares were 0.47 million, with the beta value of the company hitting 4.64. At the last check today, the stock’s price was $155.13, reflecting an intraday loss of -0.18% or -$0.28. The 52-week high for the ARM share is $188.75, that puts it down -21.67 from that peak though still a striking 44.81% gain since the share price plummeted to a 52-week low of $85.61. The company’s market capitalization is $163.51B, and the average intraday trading volume over the past 10 days was 6.28 million shares, and the average trade volume was 5.61 million shares over the past three months.
Arm Holdings plc. ADR (ARM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.07. ARM has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 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 0.53.
Arm Holdings plc. ADR (NASDAQ:ARM) trade information
Arm Holdings plc. ADR (ARM) registered a -0.18% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.18% in intraday trading to $155.13, hitting a weekly high. The stock’s 5-day price performance is -7.37%, and it has moved by 10.76% in 30 days. Based on these gigs, the overall price performance for the year is 4.14%. The short interest in Arm Holdings plc. ADR (NASDAQ:ARM) is 12.39 million shares and it means that shorts have 2.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $170, which implies an increase of 8.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $160 and $180 respectively. As a result, ARM is trading at a discount of -16.03% off the target high and -3.14% off the low.
Arm Holdings plc. ADR (ARM) estimates and forecasts
In the rating firms’ projections, revenue will increase 23.66% 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 1.23B as predicted by 26 analyst(s). Meanwhile, a consensus of 22 analyst(s) estimates revenue growth to 1.1B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 928M and 939M respectively. In this case, analysts expect current quarter sales to grow by 32.39% and then jump by 17.40% in the coming quarter.
ARM Dividends
Arm Holdings plc. ADR is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arm Holdings plc. ADR (NASDAQ:ARM)’s Major holders
The next largest institutional holding, with 6.43 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 0.6156% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.05 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Arm Holdings plc. ADR (ARM) shares are Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF and First Trust Nasdaq 100 Technology Sector Index (SM) Fund. Data provided on Nov 30, 2024 indicates that Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF owns about 2.49 shares. This amounts to just over 0.24 percent of the company’s overall shares, with a $386.17 million market value. The same data shows that the other fund manager holds slightly less at 650.07, or about 0.06% of the stock, which is worth about $100.96 million.
