With over 9.28 million Arm Holdings plc. ADR (ARM) shares trading Monday and a closing price of $72.84 on the day, the dollar volume was approximately $675.66 million. Currently, there are 1.03B common shares owned by the public and among those 1.02B shares have been available to trade.
Shares of Arm Holdings plc. ADR (NASDAQ: ARM) opened at $67.76, up $0.71 from a prior closing price of $67.05. However, the script later moved the day high at 73.18, up 8.64%. The company’s stock has a 5-day price change of -3.07% and 34.69% over the past three months. It has a 12-month low price of $46.50 and touched a high of $78.66 over the same period. ARM has an average intraday trading volume of 6.03 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 4.85%, 18.69%, and 24.55% respectively.
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Institutional ownership of Arm Holdings plc. ADR (NASDAQ: ARM) shares accounts for 7.11% of the company’s 1.03B shares outstanding.
It has a market capitalization of $74.68B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.16% over the week and 4.94% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate Arm Holdings plc. ADR (ARM) as a “Strong Buy” at a consensus score of 1.94. Specifically, 18 Wall Street analysts polled rate the stock as a buy, while 11 of the 32 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the ARM, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on December 26, 2023, with the firm’s price target at $85-$110.
