With 4.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 13610.0 shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $0.6207 whereas the lowest price it dropped to was $0.57. The 52-week range on AREN shows that it touched its highest point at $4.74 and its lowest point at $0.58 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 0.07.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AREN was down-trending over the past week, with a drop of -6.57%, but this was down by -27.85% over a month. Three-month performance dropped to -35.12% while six-month performance fell -29.60%. The stock lost -83.48% in the past year, while it has lost -76.05% so far this year.
Float and Shares Shorts:
At present, 23.84 million AREN shares are outstanding with a float of 9.19 million shares on hand for trading. On 2024-10-31, short shares totaled 0.26 million, which was 86.99999999999999 higher than short shares on 1727654400. In addition to Mr. Manoj Bhargava as the firm’s President, Ms. Sara Silverstein serves as its Chief Executive Officer.
Institutional Ownership:
Through their ownership of 0.07651 of AREN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, AREN reported revenue of $27183000.0 and operating income of -$2578000.0. The EBITDA in the recently reported quarter was -$158000.0 and diluted EPS was -$0.28.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AREN since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
Analysts have provided yearly estimates in a range of $0.11 being high and $0.11 being low. For AREN, this leads to a yearly average estimate of $0.11.
