With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. The 52-week range on ARCT shows that it touched its highest point at $45.00 and its lowest point at $8.04 during that stretch. It currently has a 1-year price target of $62.20. Beta for the stock currently stands at 2.30.
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 ARCT was up-trending over the past week, with a rise of 5.00%, but this was up by 2.48% over a month. Three-month performance dropped to -18.30% while six-month performance fell -24.34%. The stock lost -65.11% in the past year, while it has lost -24.51% so far this year. A look at the trailing 12-month EPS for ARCT yields -2.52 with Next year EPS estimates of -3.00. For the next quarter, that number is -0.94. This implies an EPS growth rate of -16.01% for this year and 13.84% for next year. EPS is expected to grow by 60.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.84%.
Float and Shares Shorts:
At present, 27.12 million ARCT shares are outstanding with a float of 24.83 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARCT since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.41329 being high and -$3.03473 being low. For ARCT, this leads to a yearly average estimate of -$2.43217. Based on analyst estimates, the high estimate for the next quarter is -$0.61 and the low estimate is -$1.68. The average estimate for the next quarter is thus -$1.03.
