Arena Group Holdings Inc (AMEX: AREN)’s stock price has decreased by -5.00 compared to its previous closing price of 0.60. However, the company has seen a -6.57% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-11-14 that NEW YORK–(BUSINESS WIRE)–The Arena Group Holdings, Inc. (NYSE American: AREN) (“Arena”), a technology platform and media company home to hundreds of media brands, including TheStreet, Parade Media (“Parade”), Men’s Journal, Surfer, Powder and Athlon Sports, today announced financial results for the three and nine months ending September 30, 2024 (“Q3 2024”). The Company’s business transformation plan enabled a positive swing of more than $13.6 million in quarterly income from continuing opera.
Is It Worth Investing in Arena Group Holdings Inc (AMEX: AREN) Right Now?
Additionally, the 36-month beta value for AREN is 0.07. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AREN is 9.19M and currently, short sellers hold a 2.81% ratio of that float. The average trading volume of AREN on November 15, 2024 was 13.61K shares.
AREN’s Market Performance
AREN stock saw a decrease of -6.57% in the past week, with a monthly decline of -27.85% and a quarterly a decrease of -35.12%. The volatility ratio for the week is 9.48%, and the volatility levels for the last 30 days are 7.77% for Arena Group Holdings Inc (AREN). The simple moving average for the last 20 days is -13.43% for AREN stock, with a simple moving average of -40.43% for the last 200 days.
AREN Trading at -24.99% from the 50-Day Moving Average
After a stumble in the market that brought AREN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.97% of loss for the given period.
Volatility was left at 7.77%, however, over the last 30 days, the volatility rate increased by 9.48%, as shares sank -27.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.96% lower at present.
During the last 5 trading sessions, AREN fell by -6.57%, which changed the moving average for the period of 200-days by -62.25% in comparison to the 20-day moving average, which settled at $0.6584. In addition, Arena Group Holdings Inc saw -76.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AREN starting from Edmondson Paul Taylor, who sale 84,148 shares at the price of $0.85 back on Aug 28 ’24. After this action, Edmondson Paul Taylor now owns 8,334 shares of Arena Group Holdings Inc, valued at $71,526 using the latest closing price.
Simplify Inventions, LLC, the 10% Owner of Arena Group Holdings Inc, purchase 5,555,555 shares at $2.16 during a trade that took place back on Feb 14 ’24, which means that Simplify Inventions, LLC is holding 16,067,791 shares at $11,999,999 based on the most recent closing price.
Stock Fundamentals for AREN
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.39 for the gross margin
The net margin for Arena Group Holdings Inc stands at -0.71. The total capital return value is set at 0.01.
Based on Arena Group Holdings Inc (AREN), the company’s capital structure generated -0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -4.85. The debt to equity ratio resting at -0.02. The interest coverage ratio of the stock is -0.1.
Currently, EBITDA for the company is -9.69 million with net debt to EBITDA at -0.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.08. The receivables turnover for the company is 6.2for trailing twelve months and the total asset turnover is 1.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
In conclusion, Arena Group Holdings Inc (AREN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
