Arm Holdings plc. ADR (ARM) Stock: Heads Or Tails?

The trading price of Arm Holdings plc. ADR (NASDAQ:ARM) floating lower at last check on Tuesday, April 02, closing at $124.11, -2.21% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 1587.08. In examining the 52-week price action we see that the stock hit a 52-week high of $164.00 and a 52-week low of $46.50. Over the past month, the stock has lost -12.36% in value.

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Arm Holdings plc. ADR, whose market valuation is $127.60 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.3 per share this quarter, however they have predicted annual earnings per share of $1.19 for 2024 and $1.53 for 2025. It means analysts are expecting annual earnings per share growth of 28.60% next year.

Analysts have forecast the company to bring in revenue of $875.62 million for the current quarter, with the likely lows of $850 million and highs of $888.65 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $3.19 billion.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Arm Holdings plc. ADR No upward and no downward comments were posted in the last 7 days.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 35.56, which symbolizes a positive outlook. A quick review shows that ARM’s price is currently -5.41% off the SMA20 and 7.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.83, and weekly volatility stands at 6.45%. When measured over the past 30 days, the indicator reaches 5.71%. Arm Holdings plc. ADR (NASDAQ:ARM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 8.31.

To see how Arm Holdings plc. ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: ARM stock’s performance was -2.21% in the latest trading. Arm Holdings plc. ADR has a P/E ratio of 1587.08.

An evaluation of the daily trading volume of Arm Holdings plc. ADR (NASDAQ:ARM) indicates that the 3-month average is 16.27 million. However, this figure has increased over the past 10 days to an average of 9.71 million.

Currently, records show that 1.03 billion of the company’s shares remain outstanding. The insiders hold 0.62% of outstanding shares, whereas institutions hold 7.06%. The stats also highlight that short interest as of Mar 15, 2024, stood at 7.93 million shares, resulting in a short ratio of 0.32 at that time. From this, we can conclude that short interest is 0.77% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 7.77 million. However, since the stock’s price has seen 65.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.