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The price of Arena Group Holdings Inc (AMEX: AREN) closed at $1.50 in the last session, down -14.77% from day before closing price of $1.76. In other words, the price has decreased by -$14.77 from its previous closing price. On the day, 0.87 million shares were traded. AREN stock price reached its highest trading level at $1.725 during the session, while it also had its lowest trading level at $1.5403.
Ratios:
We take a closer look at AREN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.15 and its Current Ratio is at 0.15.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 28 ’24 when Edmondson Paul Taylor sold 84,148 shares for $0.85 per share. The transaction valued at 71,526 led to the insider holds 8,334 shares of the business.
Simplify Inventions, LLC bought 5,555,555 shares of AREN for $11,999,999 on Feb 14 ’24. The 10% Owner now owns 16,067,791 shares after completing the transaction at $2.16 per share. On Dec 01 ’23, another insider, Sims Todd D., who serves as the Director of the company, sold 52,267 shares for $2.90 each. As a result, the insider received 151,574 and left with 743 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AREN now has a Market Capitalization of 71198552 and an Enterprise Value of 172327360. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44. Its current Enterprise Value per Revenue stands at 0.725 whereas that against EBITDA is -13.707.
Stock Price History:
Over the past 52 weeks, AREN has reached a high of $4.74, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 86.19%, while the 200-Day Moving Average is calculated to be 56.23%.
Shares Statistics:
According to the various share statistics, AREN traded on average about 1.69M shares per day over the past 3-months and 10729030 shares per day over the past 10 days. A total of 23.84M shares are outstanding, with a floating share count of 9.19M. Insiders hold about 68.96% of the company’s shares, while institutions hold 7.34% stake in the company. Shares short for AREN as of 1730332800 were 258350 with a Short Ratio of 0.15, compared to 1727654400 on 277523. Therefore, it implies a Short% of Shares Outstanding of 258350 and a Short% of Float of 2.02.
