With 7.35 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.52 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 $141.40. Beta for the stock currently stands at 4.24.
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 3.46%, but this was up by 21.82% over a month. Three-month performance dropped to -19.69% while six-month performance fell -15.91%. The stock gained 22.29% in the past year, while it has gained 2.69% so far this year. A look at the trailing 12-month EPS for ARM yields 0.75 with Next year EPS estimates of 2.41. For the next quarter, that number is 0.35. This implies an EPS growth rate of 11.02% for this year and 32.99% for next year. EPS is expected to grow by 22.37% 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. Based on analyst estimates, the high estimate for the next quarter is $0.42 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.35.
