Arena Pharmaceuticals Inc. (NASDAQ:ARNA) shares traded lower over the last trading session, losing -1.31% on 05/28/21. The shares fell to a low of $60.79 before closing at $61.11. Intraday shares traded counted 0.54 million, which was -10.91% lower than its 30-day average trading volume of 490.18K. ARNA’s previous close was $61.92 while the outstanding shares total 59.78M. The firm has a beta of 0.53. The stock’s Relative Strength Index (RSI) is 37.98, with weekly volatility at 2.57% and ATR at 2.12. The ARNA stock’s 52-week price range has touched low of $51.64 and a $90.19 high.
Investors have identified the Biotechnology company Arena Pharmaceuticals Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.76 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Arena Pharmaceuticals Inc. (ARNA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.12 billion total, with 47.51 million as their total liabilities.
ARNA were able to record -120.09 million as free cash flow during the 08/09/2021 quarter of the year, this saw their quarterly net cash flow reduce by 213.43 million. In cash movements, the company had a total of -119.99 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record -7.40 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ARNA sounds very interesting.
Is the stock of ARNA attractive?
In related news, Executive VP and CBO, Aurentz Vincent sold 2,524 shares of the company’s stock in a transaction that recorded on Feb 16. The sale was performed at an average price of 85.00, for a total value of 214,540. As the sale deal closes, the EVP, Chief Commercial Officer, Lisicki Robert now sold 17,500 shares of the company’s stock, valued at 1,380,308. Also, Director, Dallas Jayson Donald Alexander sold 1,327 shares of the company’s stock in a deal that was recorded on Jan 19. The shares were price at an average price of 80.50 per share, with a total market value of 106,824. Following this completion of acquisition, the President and CEO, Munshi Amit now holds 50,000 shares of the company’s stock, valued at 4,006,760. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
15 out of 15 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Arena Pharmaceuticals Inc.. 0 analysts has assigned a Sell rating on the ARNA stock. The 12-month mean consensus price target for the company’s shares has been set at $97.53.