With 0.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.09 million shares. During the session, the Insurance Brokers company that operates in wider Financial sector, reached to the highest price of $29.79 whereas the lowest price it dropped to was $28.84. The 52-week range on ARX shows that it touched its highest point at $31.18 and its lowest point at $25.94 during that stretch. It currently has a 1-year price target of $32.12.
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 ARX was down-trending over the past week, with a drop of -2.37%, but this was up by 3.21% over a month.
Float and Shares Shorts:
At present, 113.33 million ARX shares are outstanding with a float of 55.28 million shares on hand for trading. In addition to Mr. Jeffrey Lee Radke as the firm’s Co-Founder, CEO & Director, Mr. Christopher Lee-Smith serves as its Co-Founder, Head of Distribution & Director.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With ARX analysts setting a high price target of 36.0 and a low target of 28.0, the average target price over the next 12 months is 32.125. Based on these targets, ARX could surge 22.91% to reach the target high and fall by -4.4% to reach the target low. Reaching the average price target will result in a growth of 9.68% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Based on analyst estimates, the high estimate for the next quarter is $0.2 and the low estimate is $0.1. The average estimate for the next quarter is thus $0.12.
