Currently, there are 1.05B common shares owned by the public and among those 1.04B shares have been available to trade.
The company’s stock has a 5-day price change of 1.42% and 19.99% over the past three months. It has a 12-month low price of $46.50 and touched a high of $177.31 over the same period. ARM has an average intraday trading volume of 10.34 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 16.99%, 33.89%, and 75.01% respectively.
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Institutional ownership of Arm Holdings plc. ADR (NASDAQ: ARM) shares accounts for 5.69% of the company’s 1.05B shares outstanding.
It has a market capitalization of $167.97B. The stock’s trailing 12-month PE ratio is 561.86, while the earnings-per-share (ttm) stands at $0.29. The company has a PEG of 18.61 and a Quick Ratio of 2.79 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.01% over the week and 6.72% over the month.
Earnings per share for the fiscal year are expected to increase by 22.56%, and 31.26% over the next financial year.
Looking at the support for the ARM, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Neutral rating for the stock in a research note on April 19, 2024, with the firm’s price target at $100. Evercore ISI coverage for the Arm Holdings plc. ADR (ARM) stock in a research note released on April 16, 2024 offered a Outperform rating with a price target of $156. New Street was of a view on February 27, 2024 that the stock is Neutral, while Daiwa Securities gave the stock Neutral rating on February 16, 2024, issuing a price target of $63- $130. TD Cowen on their part issued Outperform rating on February 08, 2024.
