With 3.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.18 million shares. The 52-week range on ARM shows that it touched its highest point at $188.75 and its lowest point at $80.00 during that stretch. It currently has a 1-year price target of $140.42. Beta for the stock currently stands at 4.11.
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 ARM was up-trending over the past week, with a rise of 7.69%, but this was up by 12.47% over a month. Three-month performance surged to 24.56% while six-month performance fell -0.36%. The stock gained 2.79% in the past year, while it has gained 13.80% so far this year. A look at the trailing 12-month EPS for ARM yields 0.75 with Next year EPS estimates of 2.38. For the next quarter, that number is 0.35. This implies an EPS growth rate of 9.42% for this year and 33.41% for next year. EPS is expected to grow by 21.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.47%.
Float and Shares Shorts:
At present, 1.06 billion ARM shares are outstanding with a float of 1.05 billion 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 ARM since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 $1.222 being high and $1.18226 being low. For ARM, this leads to a yearly average estimate of $1.20213.
