Arm Holdings plc. ADR (NASDAQ:ARM) shares, rose in value on Thursday, February 13, with the stock price up by 6.06% to the previous day’s close as strong demand from buyers drove the stock to $164.83.
Actively observing the price movement in the last trading, the stock closed the session at $155.41. The PE ratio was 217.48 over 12-month period. Referring to stock’s 52-week performance, its high was $188.75, and the low was $85.61. On the whole, ARM has fluctuated by 17.69% over the past month.
With the market capitalization of Arm Holdings plc. ADR currently standing at about $173.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4B, with a low estimate of 1.18B and a high estimate of 1.27B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.23B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 7.86, with the price of ARM currently trading nearly 3.77% and 12.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.73, while the 7-day volatility ratio is showing 4.98% which for the 30-day chart, stands at 5.42%. Furthermore, Arm Holdings plc. ADR (ARM)’s beta value is 4.64, and its average true range (ATR) is 8.99.
A comparison of Arm Holdings plc. ADR (ARM) with its peers suggests the former has fared considerably weaker in the market. ARM showed an intraday change of 6.06% in last session, and over the past year, it grew by 10.65%%.
Data on historical trading for Arm Holdings plc. ADR (NASDAQ:ARM) indicates that the trading volumes over the past 3 months, they’ve averaged 5.61 million. According to company’s latest data on outstanding shares, there are 1.05 billion shares outstanding.
Nearly 0.53% of Arm Holdings plc. ADR’s shares belong to company insiders and institutional investors own 5.47% of the company’s shares. The stock has risen by 33.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARM stock heading into the next quarter.
