AREN Stock Summary and Trading Ideas (Arena Group Holdings | AMEX:AREN)

The Arena Group Holdings Inc is a tech-powered media company that fuses technology, iconic brands, and marketing to deliver vibrant content and experiences that reach million users each month. The company creates robust digital destinations that delight consumers with powerful journalism, news about the things such as favorite sports teams, advice on investing, the inside scoop on personal finance, and the latest on lifestyle essentials. The Company operates in one reportable segment which focuses on a publishing platform. The company generates revenue from Digital and Print, where the majority is generated from Digital. The company owns and operates TheStreet, The Spun, Parade, and Men's Journal and powers more than 320 independent Publisher Partners.

Arena Group Holdings trades on the AMEX stock market under the symbol AREN.

As of December 20, 2024, AREN stock price declined to $1.41 with 307,602 million shares trading.

AREN has a beta of -1.92, meaning it tends to be less sensitive to market movements. AREN has a correlation of 0.02 to the broad based SPY ETF.

AREN has a market cap of $66.93 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that AREN belongs to (by Net Assets): VXF, VTI.

AREN has underperformed the market in the last year with a price return of -29.5% while the SPY ETF gained +27.8%. However, in the short term, AREN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +75.0% vs +4.4% return in SPY. But in the last 2 weeks, AREN shares have been beat by the market, returning -13.5% compared to an SPY return of -2.4%.

AREN support price is $1.49 and resistance is $1.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AREN shares will trade within this expected range on the day.