Currently, there are 1.09B common shares owned by the public and among those 1.08B shares have been available to trade.
The company’s stock has a 5-day price change of 25.65% and -6.76% over the past three months. It has a 12-month low price of $46.50 and touched a high of $188.75 over the same period. ARM has an average intraday trading volume of 10.02 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 13.93%, 4.34%, and 26.52% respectively.
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Institutional ownership of Arm Holdings plc. ADR (NASDAQ: ARM) shares accounts for 5.10% of the company’s 1.09B shares outstanding.
It has a market capitalization of $160.34B and a beta (3y monthly) value of 5.31. The stock’s trailing 12-month PE ratio is 374.70, while the earnings-per-share (ttm) stands at $0.39. The company has a PEG of 12.02 and a Quick Ratio of 3.61 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 5.90% over the week and 5.36% over the month.
Analysts forecast that Arm Holdings plc. ADR (ARM) will achieve an EPS of 0.25 for the current quarter, 0.33 for the next quarter and 2.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.24 while analysts give the company a high EPS estimate of 0.24. Comparatively, EPS for the current quarter was 0.36 a year ago. Earnings per share for the fiscal year are expected to increase by 23.07%, and 31.77% over the next financial year.
Looking at the support for the ARM, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on September 13, 2024, with the firm’s price target at $160. Daiwa Securities coverage for the Arm Holdings plc. ADR (ARM) stock in a research note released on August 08, 2024 offered a Outperform rating with a price target of $130. Bernstein was of a view on August 07, 2024 that the stock is Mkt Perform, while TD Cowen gave the stock Buy rating on August 01, 2024, issuing a price target of $125- $150. HSBC Securities on their part issued Reduce rating on July 29, 2024.
