In the last trading session, 1.87 million Arena Group Holdings Inc (AMEX:AREN) shares changed hands as the company’s beta touched 0.57. With the company’s per share price at $6.37 changed hands at -$0.06 or -0.93% during last session, the market valuation stood at $302.96M. AREN’s last price was a discount, traded about -57.77% off its 52-week high of $10.05. The share price had its 52-week low at $0.56, which suggests the last value was 91.21% up since then. When we look at Arena Group Holdings Inc’s average trading volume, we note the 10-day average is 0.42 million shares, with the 3-month average coming to 265.79K.
Analysts gave the Arena Group Holdings Inc (AREN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AREN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Arena Group Holdings Inc (AMEX:AREN) trade information
Instantly AREN was in red as seen at the end of in last trading. With action 1.76%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 747.41%, with the 5-day performance at 1.76% in the green. However, in the 30-day time frame, Arena Group Holdings Inc (AMEX:AREN) is 36.11% up. Looking at the short shares, we see there were 0.35 million shares sold at short interest cover period of 1.08 days.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 34.07%.
AREN Dividends
Arena Group Holdings Inc is expected to release its next quarterly earnings report on 2024-Apr-01.
Arena Group Holdings Inc (AMEX:AREN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 79.76% of Arena Group Holdings Inc shares while 4.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 23.73%. There are 4.80% institutions holding the Arena Group Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 1.3295% of the shares, roughly 0.35 million AREN shares worth $0.27 million.
GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.6194% or 0.16 million shares worth $0.13 million as of 2024-06-30.
