Arm Holdings plc. ADR (NASDAQ: ARM) stock jumped 6.71% on Monday to $58.68 against a previous-day closing price of $54.99. With 7.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 11.03 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $59.24 whereas the lowest price it dropped to was $55.28. The 52-week range on ARM shows that it touched its highest point at $69.00 and its lowest point at $46.50 during that stretch. It currently has a 1-year price target of $62.60.


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 13.52%, but this was up by 22.58% over a month.

Float and Shares Shorts:

At present, 1.03 billion ARM shares are outstanding with a float of 1.02 billion shares on hand for trading. On Oct 30, 2023, short shares totaled 11.15 million, which was 0.96% higher than short shares on Sep 28, 2023. In addition to ARM as the firm’s Arm Holdings plc, CRM serves as its Salesforce, Inc..


Institutional Ownership:

Other institutions hold 5.13% of ARM, in contrast to 1.61% held by mutual funds. As the largest shareholder in ARM with 1.60% of the stake, GQG Partners LLC holds 16,389,842 shares worth 16,389,842. A second-largest stockholder of ARM, Jennison Associates LLC, holds 6,352,109 shares, controlling over 0.62% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in ARM, holding 4,474,539 shares or 0.44% stake. With a 0.10% stake in ARM, the BlackRock Global Funds – World Te is the largest stakeholder. A total of 1,015,572 shares are owned by the mutual fund manager. The Invesco American Franchise Fund, which owns about 0.10% of ARM stock, is the second-largest Mutual Fund holder. It holds 977,067 shares valued at 48.16 million. Fidelity Contrafund holds 0.10% of the stake in ARM, owning 976,100 shares worth 48.11 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARM analysts setting a high price target of $85.00 and a low target of $46.00, the average target price over the next 12 months is $62.60. Based on these targets, ARM could surge 44.85% to reach the target high and fall by -21.61% to reach the target low. Reaching the average price target will result in a growth of 6.68% from current levels.

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