Arena Group Holdings Inc [AMEX: AREN] stock went on a downward path that fall over -3.25% on Thursday, amounting to a one-week price increase of more than 36.04%.
Over the last 12 months, AREN stock rose by 273.21%. The one-year Arena Group Holdings Inc stock forecast points to a potential upside of 75.64. The average equity rating for AREN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $127.46 million, with 47.56 million shares outstanding and 8.62 million shares in the current float. Compared to the average trading volume of 59.87K shares, AREN stock reached a trading volume of 347388 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.25, with the Price to Sales ratio for AREN stock in the period of the last 12 months amounting to 1.01.
AREN Stock Performance Analysis:
Arena Group Holdings Inc [AREN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 36.04. With this latest performance, AREN shares gained by 62.42% in over the last four-week period, additionally plugging by 251.25% over the last 6 months – not to mention a rise of 273.21% 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 76.77, with the RSI for the last a single of trading hit 79.64, and the three-weeks RSI is set at 73.69 for Arena Group Holdings Inc [AREN]. The present Moving Average for the last 50 days of trading for this stock 1.67, while it was recorded at 2.26 for the last single week of trading, and 1.20 for the last 200 days.
Insight into Arena Group Holdings Inc Fundamentals:
Arena Group Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.33.
Arena Group Holdings Inc [AREN] Institutonal Ownership Details
There are presently around $4.62%, or 22.55%% 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%.
