ARKO Corp (NASDAQ: ARKO) is 13.20% higher on its value in year-to-date trading and has touched a low of $4.09 and a high of $8.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARKO stock was last observed hovering at around $7.17 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $7.46, the stock is 7.69% and 8.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 4.04% at the moment leaves the stock 16.27% off its SMA200. ARKO registered -10.77% loss for a year compared to 6-month gain of 18.79%. The firm has a 50-day simple moving average (SMA 50) of $6.843 and a 200-day simple moving average (SMA200) of $6.401825.
The stock witnessed a 14.07% loss in the last 1 month and extending the period to 3 months gives it a 8.27%, and is 8.27% 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 5.37% over the week and 4.07% over the month.
ARKO Corp (ARKO) has around 13481 employees, a market worth around $863.65M and $8.97B in sales. Current P/E ratio is 47.37 and Fwd P/E is 29.45. Profit margin for the company is 0.21%. Distance from 52-week low is 82.40% and -10.12% from its 52-week high. The company has generated returns on investments over the last 12 months (0.64%).
with sales reaching $2.13B over the same period.The EPS is expected to shrink by -21.09% this year, but quarterly earnings will post -5.75% year-over-year. Quarterly sales are estimated to shrink -4.56% in year-over-year returns.
173.0 institutions hold shares in ARKO Corp (ARKO), with institutional investors hold 87.58% of the company’s shares. The shares outstanding are 115.77M, and float is at 81.43M with Short Float at 3.00%. Institutions hold 61.57% of the Float.
The top institutional shareholder in the company is DAVIDSON KEMPNER CAPITAL MANAGEMENT LP with over 23.14 million shares valued at $144.62 million. The investor’s holdings represent 19.7311 of the ARKO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.27 million shares valued at $39.31 million to account for 5.3455 of the shares outstanding. The other top investors are PHOENIX HOLDINGS LTD. which holds 5.86 million shares representing 5.0661 and valued at over $36.77 million, while INVESCO LTD. holds 3.2267 of the shares totaling 3.74 million with a market value of $23.42 million.
ARKO Corp (ARKO) Insider Activity
The most recent transaction is an insider sale by Willner Morris, the company’s 10% Owner. SEC filings show that Willner Morris sold 2,792,631 shares of the company’s common stock on Feb 28 ’24 at a price of $6.76 per share for a total of $18.88 million. Following the sale, the insider now owns 11.68 million shares.
