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 April 24, 2024, AREN stock price was flat at $0.68 with 7,606 million shares trading.

AREN has a beta of 0.96, meaning it tends to be less sensitive to market movements. AREN has a correlation of 0.01 to the broad based SPY ETF.

AREN has a market cap of $19.92 million. This is considered a Sub-Micro Cap stock.

Last quarter Arena Group Holdings reported $63 million in Revenue and -$.48 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.10.

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

AREN has underperformed the market in the last year with a price return of -83.9% while the SPY ETF gained +24.2%. AREN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.8% and -21.3%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

AREN support price is $.62 and resistance is $.74 (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 stock will trade within this expected range on the day.