Arm Holdings plc. ADR (ARM) concluded trading on Wednesday at a closing price of $95.29, with 6.06 million shares of worth about $577.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 98.94% during that period and on May 01, 2024 the price saw a loss of about -5.85%. Currently the company’s common shares owned by public are about 1.03B shares, out of which, 1.02B shares are available for trading.
Stock saw a price change of -4.60% in past 5 days and over the past one month there was a price change of -23.33%. Over the period of past 52 weeks, stock dropped to lowest price of $46.50 but also hit the highest price of $164.00 during that period. The average intraday trading volume for Arm Holdings plc. ADR shares is 16.65 million. The stock is currently trading -15.24% below its 20-day simple moving average (SMA20), while that difference is down -23.21% for SMA50 and it goes to 13.10% higher than SMA200.
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Arm Holdings plc. ADR (NASDAQ: ARM) currently have 1.03B outstanding shares and institutions hold larger chunk of about 7.01% of that.
The stock has a current market capitalization of $97.97B. PE ratio of stock for trailing 12 months is 1218.54, while it has posted earnings per share of $0.08 in the same period. Its PEG reads 27.30 and has Quick Ratio of 4.19 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARM, volatility over the week remained 4.57% while standing at 5.94% over the month.
Analysts are in expectations that Arm Holdings plc. ADR (ARM) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on April 19, 2024 offering a Neutral rating for the stock and assigned a target price of $100 to it. Coverage by Evercore ISI stated Arm Holdings plc. ADR (ARM) stock as an Outperform in their note to investors on April 16, 2024, suggesting a price target of $156 for the stock. On February 27, 2024, New Street Downgrade their recommendations, while on February 16, 2024, Daiwa Securities Downgrade their ratings for the stock with a price target of $130. Stock get an Outperform rating from TD Cowen on February 08, 2024.
