Arvinas Inc (NASDAQ:ARVN) price on Thursday, February 27, rose 0.70% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.26.
A look at the stock’s price movement, the close in the last trading session was $17.14. Turning to its 52-week performance, $51.51 and $16.07 were the 52-week high and 52-week low respectively. Overall, ARVN moved -3.68% over the past month.
Arvinas Inc’s market cap currently stands at around $1.19 billion, with investors looking forward to this quarter’s earnings report slated for in March.
The average forecast suggests up to a 71.95% 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 212.37M, representing a -19.37% decline 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 100% 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 -4.32% and -6.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.36, while 7-day volatility ratio is 8.97% and 7.55% in the 30-day chart. Further, Arvinas Inc (ARVN) has a beta value of 1.97, and an average true range (ATR) of 1.33. 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 -131.75% off current price level while to achieve the yearly target high, price needs to move -299.77%. Nonetheless, investors will most likely welcome a -262.11% 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 1.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 68.80 million shares.
The 12.98% of Arvinas Inc’s shares are in the hands of company insiders while institutional holders own 103.56% of the company’s shares. Current price change has pushed the stock -9.96% 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.
