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Is This The Right Time To Buy Arm Holdings plc ADR (NASDAQ: ARM) Stock?

Arm Holdings plc ADR (NASDAQ:ARM) price is hovering lower on Tuesday, September 19, dropping -4.91% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $58.00, with intraday deals fluctuating between $55.02 and $58.7407. Taking into account the 52-week price action we note that the stock hit a 52-week high of $69.00 and 52-week low of $55.02.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned ARM a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Arm Holdings plc ADR (ARM) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that ARM’s price is at present -9.26% off the SMA20 and -9.26% from the SMA50. Arm Holdings plc ADR (NASDAQ:ARM)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 7.21. Considering analysts have assigned the stock a price target range of $46.00-$59.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $52.50. Based on this estimate, we see that today’s price at last check is roughly 16.59% off the estimated low and -6.98% off the forecast high. Investors will no doubt be excited to see the share price rise to $52.50, which is the median consensus price, and at that level ARM would be 4.81% from recent price.

An analysis of the Arm Holdings plc ADR (NASDAQ:ARM) stock in terms of its daily trading volume indicates that the 3-month average is 79.95 million. However, this figure increases on the past 10-day timeline to an average of 79.86 million.

Current records show that the company has 1.03B in outstanding shares. But the -13.27% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.