Arm Holdings plc. ADR (NASDAQ:ARM) at last check was buoying at $156.66 on current market day with a rise of 2.73% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $152.50 with its price kept floating in the range of $155.2501 and $158.4 on the day. Company’s P/E ratio for the trailing 12 months is 398.33. Considering stock’s 52-week price range provides that ARM hit a high price of $188.75 and saw its price falling to a low level of $46.50 during that period. Over a period of past 1-month, stock came adding 13.23% in its value.
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With its current market valuation of $164.18 billion, Arm Holdings plc. ADR is set to declare its quarterly results on 2024-Nov-06. Analysts are in estimates of 0.25 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 1.56 for current year with estimates of that growing to 2.07 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 807.53M. They suggested that in the process company could generate revenue of as low as 800M which could climb up to 818.97M to hit a high. The average estimate is representing an increase of 8.50% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 3.97B in current fiscal year, which will be 22.80% more from revenue generated by the company last year.
In contrast, when we review ARM stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 11 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 2 of them are recommending Arm Holdings plc. ADR (ARM) as a Hold, while 9 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the ARM stock which is currently positioned at 14.37. It further provides that stock’s current price level is 7.46% away from its 20-day simple moving average and is 15.08% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 61.47 while volatility remained at 5.32% over the past week which changes to 4.42% when measuring it over the past month. Beta is valued at 5.59, while measure of average true range or ATR is currently at 7.18. In predicting price targets of as low as $60 and as high as $190, analysts are in agreement on assigning the stock over the next 12 months average price target of $135. Stock’s current price level is 61.7% above from estimated low price target while it is -21.28% below the estimated high; and even if the ARM’s share succeeded to reach the median price of $135, then the outlook of 13.83% could come to the excitement of the investors.
Having a second look at Arm Holdings plc. ADR (NASDAQ:ARM) provides that stock’s average daily trading volume for 3 months was 7.94 million, while it jumped to 5214710 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 1.05 billion.
The percentage of outstanding shares held by the insiders is 0.54% while it is 5.32% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 14.53 million which implies a short ratio of 2.22. This shows up a 1160.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 13.42 million in the previous month. Addition of 108.48% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
