ARKO Corp (NASDAQ:ARKO) price on Wednesday, May 09, rose 17.76% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.04.
A look at the stock’s price movement, the close in the last trading session was $4.28. The PE ratio in trailing twelve months stood at 19.91. Turning to its 52-week performance, $8.55 and $4.09 were the 52-week high and 52-week low respectively. Overall, ARKO moved -1.56% over the past month.
ARKO Corp’s market cap currently stands at around $604.80 million. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 2.38%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.07B for the company’s revenue for the quarter, with a low and high estimate of 1.94B and 2.18B respectively. The average forecast suggests down to a -0.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.28B, representing a -1.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARKO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ARKO’s current price about 12.20% and -5.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.50, while 7-day volatility ratio is 7.31% and 5.65% in the 30-day chart. Further, ARKO Corp (ARKO) has a beta value of 0.35, and an average true range (ATR) of 0.29.
If we refocus on ARKO Corp (NASDAQ:ARKO), historical trading data shows that trading volumes averaged 385.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 116.17 million shares.
The 37.52% of ARKO Corp’s shares are in the hands of company insiders while institutional holders own 57.08% of the company’s shares. Current price change has pushed the stock -38.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARKO stock continues to rise going into the next quarter.