Acadian Asset Management LLC recently announced the acquisition of new stake in Aravive Inc (NASDAQ:ARAV). This fresh investment now brings its stake to 2.73% valued currently at $0.25 million. In addition, Millennium Management LLC raised its holdings by 0.28 million to 0.4 million shares.
Currently, there are 59.84M common shares owned by the public and among those 45.11M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Aravive Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and iShares Tr. – Micro Cap ETF. Vanguard Total Stock Market ETF owns 0.78 million shares of the company’s stock, all valued at over $96656.0. iShares Tr. – Micro Cap ETF now owns shares totaling to 0.10% of the shares outstanding.
However, the script later moved the day high at 0.0450, down -12.16%. The company’s stock has a 5-day price change of -62.10% and -77.04% over the past three months. ARAV shares are trading -65.56% year to date (YTD), with the 12-month market performance down to -97.55% lower. It has a 12-month low price of $0.05 and touched a high of $2.46 over the same period. ARAV has an average intraday trading volume of 2.62 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 -61.73%, -66.05%, and -94.18% respectively.
Institutional ownership of Aravive Inc (NASDAQ: ARAV) shares accounts for 8.17% of the company’s 59.84M shares outstanding. Mutual fund holders own 41.60%, while other institutional holders and individual stakeholders account for 6.31% and 1.86% respectively.
It has a market capitalization of $3.13M and a beta (3y monthly) value of 2.16. The earnings-per-share (ttm) stands at -$0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 18.59% over the week and 8.96% over the month.
Analysts forecast that Aravive Inc (ARAV) will achieve an EPS of $Aravive, Inc. for the current quarter, $0.04 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Accuray Incorporated while analysts give the company a high EPS estimate of $ARAX HLDGS CORP. Comparatively, EPS for the current quarter was $BRAVADA INTERNATIONAL LTD a year ago. Earnings per share for the fiscal year are expected to increase by 90.29%, and 56.23% over the next financial year.
Looking at the support for the ARAV, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on April 17, 2023, with the firm’s price target at $12.
