With 2.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.4 million shares. The 52-week range on ARMK shows that it touched its highest point at $33.04 and its lowest point at $23.95 during that stretch. It currently has a 1-year price target of $34.27. With its current market cap of 8.41 billion, ARMK has annualized dividend of $0.41 while the current yield stands at 1.28%. Beta for the stock currently stands at 1.47.
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 ARMK was up-trending over the past week, with a rise of 1.49%, but this was up by 6.16% over a month. Three-month performance surged to 15.61% while six-month performance rose 27.58%. The stock gained 29.48% in the past year, while it has gained 14.09% so far this year. A look at the trailing 12-month EPS for ARMK yields 2.39 with Next year EPS estimates of 1.94. For the next quarter, that number is 0.27. This implies an EPS growth rate of -9.22% for this year and 25.70% for next year. EPS is expected to grow by 19.79% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.75%.
Float and Shares Shorts:
At present, 261.45 million ARMK shares are outstanding with a float of 260.53 million shares on hand for trading. On Feb 29, 2024, short shares totaled 4.98 million, which was 1.90% higher than short shares on Jan 31, 2024. In addition to ARM as the firm’s Arm Holdings plc, ARKK serves as its ARK Innovation ETF.
Institutional Ownership:
Through their ownership of 102.83% of ARMK’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARMK 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.
