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Arena Pharmaceuticals, Inc. (ARNA) has a Market value of 415.84 Million
19 June 2017, 05:56 | Jodi Jackson
Market Capitalization if basically the market value of the company's shares outstanding. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Arena Pharmaceuticals earned a coverage optimism score of 0.20 on Alpha One's scale. Wellington Grp Ltd Liability Partnership invested in 23.04M shares or 0.01% of the stock. The company had revenue of $6.60 million during the quarter, compared to analysts' expectations of $4.84 million.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Arena Pharmaceutical (NASDAQ:ARNA) high price target of $5 and with a conservative view have low price target of $2. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -5.76% where SMA50 and SMA200 are -5.43% and -15.15% respectively. This represents a change from most recent open price of 0.21%. Senzar Asset owns 1.88 million shares.
Arena Pharmaceuticals (NASDAQ:ARNA) last released its quarterly earnings results on Tuesday, May 9th. The company reported the earnings of $-0.09/Share in the last quarter where the estimated EPS by analysts was $-0.07/share.
Arena Pharmaceuticals, Inc. (ARNA) revenue totaled $8.07 million down -90.55% from the previous quarter. Arena Pharmaceuticals had a negative return on equity of 265.98% and a negative net margin of 339.63%. Analysts are expecting EPS growth rates to be at 79.40% this quarter and EPS estimate for next year reflect -2.90% growth rate. Cantor Fitzgerald analyst W. Tanner anticipates that the biopharmaceutical company will post earnings per share of ($0.27) for the year. If you are viewing this story on another publication, it was stolen and republished in violation of US & worldwide trademark and copyright law. If you are reading this article on another site, it was stolen and reposted in violation of USA and worldwide trademark and copyright legislation.
A number of other equities research analysts also recently issued reports on the stock.
ILLEGAL ACTIVITY NOTICE: "Leerink Swann Initiates Coverage on Arena Pharmaceuticals, Inc". The 200 SMA is considered so critically important a trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a death cross, signaling a serious bear market in a stock, index or other investment. The stock now has a consensus rating of "Buy" and an average price target of $5.50. The lowest 12-month price target for the shares is $2.00, which would be an increase of about 59% of its current value.
Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. The rating was maintained by WallachBeth Capital on Wednesday, October 28 with "Buy". The stock presently has a consensus rating of "Buy" and an average price target of $38.00.
A number of large investors have recently added to or reduced their stakes in ARNA. Credit Suisse AG now owns 395,948 shares of the biopharmaceutical company's stock valued at $577,000 after buying an additional 103,167 shares during the period.
In other Arena Pharmaceuticals news, insider Amit Munshi bought 50,000 shares of the business's stock in a transaction dated Wednesday, April 26th. Metropolitan Life Insurance Co. NY now owns 172,165 shares of the biopharmaceutical company's stock valued at $251,000 after buying an additional 17,565 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Arena Pharmaceuticals by 102.0% in the first quarter. Bank of America Corp DE now owns 96,379 shares of the biopharmaceutical company's stock valued at $141,000 after buying an additional 48,667 shares in the last quarter.
Arena Pharmaceuticals, Inc. (ARNA) traded with the volume of 5.45 Million shares while its average 3 months volume is at 2410 shares.
Stock research firms now have a positive stance on shares of Keysight Technologies, Inc. Arena Pharmaceuticals, Inc. (ARNA) has made its way to a 12-month decline of -30.69%. The Firm is focused on developing small molecule drugs across a range of therapeutic areas.
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