Arvinas Inc (NASDAQ:ARVN) price on Wednesday, February 05, rose 8.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.59.
A look at the stock’s price movement, the close in the last trading session was $18.05, moving within a range at $18.25 and $20.0599. The beta value (5-Year monthly) was 1.967. Turning to its 52-week performance, $53.08 and $16.61 were the 52-week high and 52-week low respectively. Overall, ARVN moved -4.44% over the past month.
Arvinas Inc’s market cap currently stands at around $1.35 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 62.79M for the company’s revenue for the quarter, with a low and high estimate of 24.56M and 120.8M respectively. The average forecast suggests up to a 245.69% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 264.72M, representing a 237.23% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARVN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 11 recommend ARVN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARVN’s current price about 7.84% and -3.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.53, while 7-day volatility ratio is 6.94% and 6.23% in the 30-day chart. Further, Arvinas Inc (ARVN) has a beta value of 1.97, and an average true range (ATR) of 1.20. Analysts have given the company’s stock an average 52-week price target of $62.5, forecast between a low of $40 and high of $69. Looking at the price targets, the low is -104.19% off current price level while to achieve the yearly target high, price needs to move -252.22%. Nonetheless, investors will most likely welcome a -219.04% jump to $62.5 which is the analysts’ median price.
If we refocus on Arvinas Inc (NASDAQ:ARVN), historical trading data shows that trading volumes averaged 0.86 over the past 10 days and 844.01K over the past 3 months. The company’s latest data on shares outstanding shows there are 68.70 million shares.
The 13.37% of Arvinas Inc’s shares are in the hands of company insiders while institutional holders own 101.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.76 million on 2025-01-15, giving us a short ratio of 10.28. The data shows that as of 2025-01-15 short interest in Arvinas Inc (ARVN) stood at 1447.0 of shares outstanding, with shares short rising to 9.61 million registered in 2024-12-13. Current price change has pushed the stock 2.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARVN stock continues to rise going into the next quarter.
