Investors Getting Picky When It Comes To Buying Arm Holdings plc. ADR (ARM)

Arm Holdings plc. ADR (NASDAQ:ARM) does about 14.86M shares in volume on a normal day but saw 16314905 shares change hands in Monday’s trading. The company now has a market cap of 121.96B USD. Its current market price is $117.23, marking an increase of 7.71% compared to the previous close of $108.84. The 52 week high reached by this stock is $164.00 whilst the lowest price level in 52 weeks is $46.50.

Arm Holdings plc. ADR (ARM) has a 20-day trading average at $103.04 and the current price is -28.52% off the 52-week high compared with 152.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $118.84. If we look at the stock’s price movements over the week, volatility stands at 5.47%, which increases to 6.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.35 to suggest the stock is neutral.

The consensus objective for the share price is $119.27, suggesting that the stock has a potential upside of 1.71% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 19, 2024 when Exane BNP Paribas downgraded the stock to “Neutral” and issued a price target of $100.

Arm Holdings plc. ADR (ARM) stock is up 9.58% over the week and -7.20% over the past month. Its price is 56.01% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 1.71 percent from here.

The company has a return on investment of 5.57% and return on equity of 6.55%. The price to earnings ratio (P/E ratio) amounts to 410.90 while the forward price to earnings ratio is 57.67. Price to book ratio is 23.03 and price to sales ratio is 37.72.