Currently, there are 1.03B common shares owned by the public and among those 1.02B shares have been available to trade.
The company’s stock has a 5-day price change of -0.25% and 127.31% over the past three months. It has a 12-month low price of $46.50 and touched a high of $164.00 over the same period. ARM has an average intraday trading volume of 14.24 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 34.31%, 61.78%, and 97.84% respectively.
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Institutional ownership of Arm Holdings plc. ADR (NASDAQ: ARM) shares accounts for 7.09% of the company’s 1.03B shares outstanding.
It has a market capitalization of $137.08B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.69% over the week and 10.15% over the month.
Analysts forecast that Arm Holdings plc. ADR (ARM) will achieve an EPS of $0.3 for the current quarter, $0.3 for the next quarter and $1.54 for 2025. The lowest estimate earnings-per-share for the quarter is $0.27 while analysts give the company a high EPS estimate of $0.32.
Looking at the support for the ARM, a number of firms have released research notes about the stock. Daiwa Securities stated their Neutral rating for the stock in a research note on February 16, 2024, with the firm’s price target at $63-$130. TD Cowen coverage for the Arm Holdings plc. ADR (ARM) stock in a research note released on February 08, 2024 offered a Outperform rating with a price target of $95. Rosenblatt was of a view on December 26, 2023 that the stock is Buy, while Deutsche Bank gave the stock Hold rating on December 18, 2023, issuing a price target of $60- $70. Wells Fargo on their part issued Overweight rating on November 20, 2023.
