Arena Group Holdings Inc [AMEX: AREN] plunged by -$0.03 during the normal trading session on while it closed the day at $0.57.
Arena Group Holdings Inc stock has also loss -6.57% of its value over the past 7 days. However, AREN stock has declined by -35.12% in the 3 months of the year. Over the past six months meanwhile, it has lost -29.60% and lost -76.05% year-on date.
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The market cap for AREN stock reached $16.86 million, with 23.84 million shares outstanding and 9.19 million shares in the current float. Compared to the average trading volume of 13.61K shares, AREN reached a trading volume of 4139917 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Arena Group Holdings Inc [AREN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AREN shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AREN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Arena Group Holdings Inc is set at 0.06, with the Price to Sales ratio for AREN stock in the period of the last 12 months amounting to 0.09.
AREN stock trade performance evaluation
Arena Group Holdings Inc [AREN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.57. With this latest performance, AREN shares dropped by -27.85% in over the last four-week period, additionally sinking by -29.60% over the last 6 months – not to mention a drop of -83.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AREN stock in for the last two-week period is set at 32.01, with the RSI for the last a single of trading hit 28.86, and the three-weeks RSI is set at 35.06 for Arena Group Holdings Inc [AREN]. The present Moving Average for the last 50 days of trading for this stock 0.7599, while it was recorded at 0.6106 for the last single week of trading, and 0.9568 for the last 200 days.
Arena Group Holdings Inc [AREN]: An insightful look at the core fundamentals
Arena Group Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.13 and a Current Ratio set at 0.13.
Arena Group Holdings Inc [AREN]: Institutional Ownership
There are presently around $7.65%, or 23.30%% of AREN stock, in the hands of institutional investors. The top three institutional holders of AREN stocks are: VANGUARD GROUP INC with ownership of 0.35 million shares, which is approximately 1.3295%. GEODE CAPITAL MANAGEMENT, LLC, holding 0.16 million shares of the stock with an approximate value of $$0.13 million in AREN stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$75168.0 in AREN stock with ownership which is approximately 0.3692%.
