The price of Arm Holdings plc. ADR (NASDAQ: ARM) closed at $138.01 in the last session, down -2.55% from day before closing price of $141.62. In other words, the price has decreased by -$3.61 from its previous closing price. On the day, 14244141 shares were traded.
Ratios:
We take a closer look at ARM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.19 and its Current Ratio is at 4.19. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
On February 16, 2024, Daiwa Securities Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $63 to $130.
TD Cowen reiterated its Outperform rating for the stock on February 08, 2024, while the target price for the stock was revised from $80 to $95.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARM now has a Market Capitalization of 145.60B and an Enterprise Value of 143.42B. Its current Enterprise Value per Revenue stands at 48.82 whereas that against EBITDA is 682.96.
Stock Price History:
Over the past 52 weeks, ARM has reached a high of $164.00, while it has fallen to a 52-week low of $46.50. The 50-Day Moving Average of the stock is 90.98, while the 200-Day Moving Average is calculated to be 71.07.
Shares Statistics:
According to the various share statistics, ARM traded on average about 15.28M shares per day over the past 3-months and 19.32M shares per day over the past 10 days. A total of 1.03B shares are outstanding, with a floating share count of 1.02B. Insiders hold about 0.62% of the company’s shares, while institutions hold 7.10% stake in the company. Shares short for ARM as of Feb 15, 2024 were 9.27M with a Short Ratio of 0.51, compared to 10.72M on Jan 12, 2024.
Earnings Estimates
The company has 18 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.3, with high estimates of $0.37 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.22 and $1.14 for the fiscal current year, implying an average EPS of $1.2. EPS for the following year is $1.54, with 25 analysts recommending between $1.89 and $1.35.
Revenue Estimates
Based on 28 analysts’ estimates, the company’s revenue will be $3.96B in the next fiscal year. The high estimate is $4.3B and the low estimate is $3.7B. The average revenue growth estimate for next year is up 24.50% from the average revenue estimate for this year.
