Arrow Electronics Inc (NYSE:ARW) currently has a daily average trading volume of 641.64K but it saw 1979323 shares traded in last market. With a market cap of 5.78B USD, the company’s current market price of $111.36 came falling about -0.02 while comparing to the previous closing price of $111.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $137.80 and as low as $86.50. In the recent trading on the day, stock has struck highest price mark of $107.55 while lowest mark touched by it was $111.68.
Taking a look at 20-day trading activity of Arrow Electronics Inc (ARW) gives us an average price of $102.45, while its current price level is -19.19% below from 52-week high level whereas it is 28.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $105.12 while that of 200 days or SMA-200 reads an average of $118.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.71% during that period while stretching the period over a month that increases to 3.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.97 which implies that the stock is in neutral territory.
Wells Fargo downgraded its recommendation for the stock as a “Underweight” from “Equal Weight” on September 16, 2022 while assigning a price target range of $125-$87. Raymond James issued its recommendations for the stock as it upgraded the price target for the stock is $150.
Over the week, ARW’s stock price is moving 3.32% up while it is 7.25% when we observe its performance for the past one month. Year-to-date it is -1.56% down and over the past year, the stock is showing a downside performance of -13.39%.
The company is expected to be releasing its next quarterly report on 2025-Feb-05, for which analysts forecasted an EPS of 1.43 while estimate for next year EPS is 10.18. In next quarter, company is expected to be making quarterly sales of $6.67B as analysts are expecting the sales for current fiscal year at $27.65B and seeing the company making $29.88B in sales next year. Moreover, analysts are in estimates of $6.32B for current-quarter revenue.
Currently, Arrow Electronics Inc’s total number of outstanding shares is 52.17M with 0.64% of that held by the insiders while 107.71% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.49% and return on equity (ROE) at 6.78%. It has a price to earnings ratio (P/E ratio) of 15.30 while having a 7.30 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 1.01 while price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is 1.80% on average.
