ARWR Stock Summary and Trading Ideas (Arrowhead Pharmaceuticals | NASDAQ:ARWR)

Arrowhead Pharmaceuticals Inc is an American biotechnology company. Its main target is the development of medicine to treat diseases with a genetic origin, characterized by the overproduction of one or more proteins. Its medical solutions are aimed at the genes that trigger the diseases. Its portfolio includes drugs targeting hepatitis B, Alpha-1 Antitrypsin Deficiency, thrombosis and angioedema, clear-cell and renal cell carcinoma, and cardiovascular disease.

Arrowhead Pharmaceuticals trades on the NASDAQ stock market under the symbol ARWR.

As of April 19, 2024, ARWR stock price declined to $22.33 with 862,494 million shares trading.

ARWR has a beta of 1.85, meaning it tends to be more sensitive to market movements. ARWR has a correlation of 0.12 to the broad based SPY ETF.

ARWR has a market cap of $2.77 billion. This is considered a Mid Cap stock.

Last quarter Arrowhead Pharmaceuticals reported $4 million in Revenue and -$1.24 earnings per share. This fell short of revenue expectation by $-26 million and missed earnings estimates by -$.42.

In the last 3 years, ARWR stock traded as high as $93.66 and as low as $20.67.

The top ETF exchange traded funds that ARWR belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

ARWR has underperformed the market in the last year with a price return of -26.5% while the SPY ETF gained +21.2%. ARWR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.7% and -14.5%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ARWR support price is $21.91 and resistance is $23.31 (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 ARWR stock will trade within this expected range on the day.