Stock That Is Worth Exploring Now: Arm Holdings plc. ADR (NASDAQ: ARM)

Arm Holdings plc. ADR (NASDAQ:ARM) does about 9.54M shares in volume on a normal day but saw 8849762 shares change hands in Monday trading. The company now has a market cap of 145.55B USD. Its current market price is $139.91, marking an increase of 2.45% compared to the previous close of $136.57. 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 $121.35 and the current price is -14.69% off the 52-week high compared with 200.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $115.10. If we look at the stock’s price movements over the week, volatility stands at 5.57%, which decreases to 5.14% 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 71.45 to suggest the stock is overbought.

The consensus objective for the share price is $119.00, suggesting that the stock has a potential downside of -17.57% 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 10.06% over the week and 35.06% over the past month. Its price is 86.19% year-to-date.

To reach the target analysts have set, the stock logically needs to shrink -17.57 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 490.40 while the forward price to earnings ratio is 68.48. Price to book ratio is 27.49 and price to sales ratio is 45.02.