Arvinas Inc (NASDAQ: ARVN) closed the day trading at $48.79 up 3.81% from the previous closing price of $47.00. In other words, the price has increased by $+1.79 from its previous closing price. On the day, 688768 shares were traded.
Ratios:
For a better understanding of ARVN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.26 and its Current Ratio is at 3.26. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on February 14, 2024, Downgraded its rating to Neutral and sets its target price to $55 from $36 previously.
On February 01, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $70.
Wells Fargo Upgraded its Equal Weight to Overweight on December 19, 2023, whereas the target price for the stock was revised from $25 to $63.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 11 when Peck Ronald sold 1,324 shares for $24.39 per share. The transaction valued at 32,289 led to the insider holds 29,965 shares of the business.
Houston John G sold 5,878 shares of ARVN for $173,577 on Mar 01. The President and CEO now owns 917,427 shares after completing the transaction at $29.53 per share. On Mar 01, another insider, Cassidy Sean A, who serves as the Chief Financial Officer of the company, sold 1,745 shares for $29.53 each. As a result, the insider received 51,530 and left with 183,618 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, ARVN now has a Market Capitalization of 2.68B and an Enterprise Value of 1.69B. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.82 while its Price-to-Book (P/B) ratio in mrq is 5.87. Its current Enterprise Value per Revenue stands at 10.60 whereas that against EBITDA is -5.55.
Stock Price History:
Over the past 52 weeks, ARVN has reached a high of $53.08, while it has fallen to a 52-week low of $13.57. The 50-Day Moving Average of the stock is 41.63, while the 200-Day Moving Average is calculated to be 27.66.
Shares Statistics:
Over the past 3-months, ARVN traded about 878.80K shares per day on average, while over the past 10 days, ARVN traded about 865.58k shares per day. A total of 53.20M shares are outstanding, with a floating share count of 45.57M. Insiders hold about 17.19% of the company’s shares, while institutions hold 110.63% stake in the company. Shares short for ARVN as of Jan 31, 2024 were 6.5M with a Short Ratio of 7.39, compared to 4.75M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 11.81% and a Short% of Float of 13.54%.
Earnings Estimates
Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of -$1.27 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$1.99, while EPS last year was -$1.56. The consensus estimate for the next quarter is -$1.4, with high estimates of -$0.75 and low estimates of -$2.23.
Analysts are recommending an EPS of between -$3.61 and -$5.87 for the fiscal current year, implying an average EPS of -$5.18. EPS for the following year is -$6.41, with 18 analysts recommending between -$3.16 and -$9.22.
Revenue Estimates
16 analysts predict $49.3M in revenue for the current quarter. It ranges from a high estimate of $115M to a low estimate of $28.4M. As of the current estimate, Arvinas Inc’s year-ago sales were $38M, an estimated increase of 29.70% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $36.37M, an increase of 11.90% less than the figure of $29.70% in the same quarter last year. There is a high estimate of $56.1M for the next quarter, whereas the lowest estimate is $8M.
A total of 18 analysts have provided revenue estimates for ARVN’s current fiscal year. The highest revenue estimate was $236.6M, while the lowest revenue estimate was $150M, resulting in an average revenue estimate of $169.22M. In the same quarter a year ago, actual revenue was $131.4M, up 28.80% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $147.68M in the next fiscal year. The high estimate is $230M and the low estimate is $75.78M. The average revenue growth estimate for next year is down -12.70% from the average revenue estimate for this year.
