With over 34.34 million Arm Holdings plc ADR (ARM) shares trading Monday and a closing price of $58.00 on the day, the dollar volume was approximately $1.99 billion. Currently, there are 1.03B common shares owned by the public and among those 95.50M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for ARM have a consensus price objective of $52.50. The analysts have set the share’s price value over the next 12 months at a high of $59.00 and a low of $46.00. But an upside of 1.69% will see the stock hit the forecast high price target while median target price for the stock is $52.50.
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Shares of Arm Holdings plc ADR (NASDAQ: ARM) opened at $57.95, down -$2.8 from a prior closing price of $60.75. However, the script later moved the day high at 58.74, down -4.53%. It has a 12-month low price of $55.54 and touched a high of $69.00 over the same period. ARM has an average intraday trading volume of 102.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.71%, -6.71%, and -6.71% respectively.
Institutional ownership of Arm Holdings plc ADR (NASDAQ: ARM) 1.03B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $62.29B.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ARM, a number of firms have released research notes about the stock. Bernstein stated their Underperform rating for the stock in a research note on Sep-19-23, with the firm’s price target at $46.
