Arena Group Holdings Inc (AMEX: AREN) is -26.47% lower on its value in year-to-date trading and has touched a low of $0.56 and a high of $4.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AREN stock was last observed hovering at around $0.57 in the last trading session, with the day’s gains setting it 1.18%.
Currently trading at $1.75, the stock is 147.04% and 125.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 93.19 million and changing 207.02% at the moment leaves the stock 82.69% off its SMA200. AREN registered -54.66% loss for a year compared to 6-month gain of 122.65%. The firm has a 50-day simple moving average (SMA 50) of $0.7732 and a 200-day simple moving average (SMA200) of $0.95465.
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The stock witnessed a 121.52% loss in the last 1 month and extending the period to 3 months gives it a 127.04%, and is 182.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.26% over the week and 11.00% over the month.
Arena Group Holdings Inc (AREN) has around 448 employees, a market worth around $255.04M and $160.28M in sales. Profit margin for the company is -70.59%. Distance from 52-week low is 210.78% and -63.05% from its 52-week high.
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Arena Group Holdings Inc (AREN) Top Institutional Holders
23.0 institutions hold shares in Arena Group Holdings Inc (AREN), with institutional investors hold 9.37% of the company’s shares. The shares outstanding are 23.84M, and float is at 9.19M with Short Float at 2.81%. Institutions hold 5.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.35 million shares valued at $0.27 million. The investor’s holdings represent 1.3295% of the AREN Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 0.16 million shares valued at $0.13 million to account for 0.6194 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 97621.0 shares representing 0.3692% and valued at over $75168.0, while BRIDGEWAY CAPITAL MANAGEMENT, LLC holds 0.3585 of the shares totaling 94800.0 with a market value of $72996.0.
Arena Group Holdings Inc (AREN) Insider Activity
The most recent transaction is an insider sale by Edmondson Paul Taylor, the company’s President, Platform. SEC filings show that Edmondson Paul Taylor sold 84,148 shares of the company’s common stock on Aug 28 ’24 at a price of $0.85 per share for a total of $71526.0. Following the sale, the insider now owns 8334.0 shares.
Arena Group Holdings Inc disclosed in a document filed with the SEC on Feb 14 ’24 that Simplify Inventions, LLC (10% Owner) bought a total of 5,555,555 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $2.16 per share for $12.0 million. Following the transaction, the insider now directly holds 16.07 million shares of the AREN stock.
Still, SEC filings show that on Dec 01 ’23, Sims Todd D. (Director) disposed off 52,267 shares at an average price of $2.90 for $0.15 million. The insider now directly holds 743 shares of Arena Group Holdings Inc (AREN).
