Based on the AltShares Trust - AltShares Merger Arbitrage ETF stock forecast from 0 analysts, the average analyst target price for AltShares Trust - AltShares Merger Arbitrage ETF is not available over the next 12 months. AltShares Trust - AltShares Merger Arbitrage ETF’s average analyst rating is not available. Stock Target Advisor’s own stock analysis of AltShares Trust - AltShares Merger Arbitrage ETF is Neutral, which is based on 5 positive signals and 5 negative signals. At the last closing, AltShares Trust - AltShares Merger Arbitrage ETF’s stock price was USD 27.27. AltShares Trust - AltShares Merger Arbitrage ETF’s stock price has changed by -1.77% over the past week, -2.39% over the past month and +1.97% over the last year.
No recent analyst target price found for AltShares Trust - AltShares Merger Arbitrage ETF
No recent average analyst rating found for AltShares Trust - AltShares Merger Arbitrage ETF
Company Overview AltShares Trust - AltShares Merger Arbitrage ETF
The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and in financial instruments with economic characteristics similar to such constituents such as swaps on such constituents. The fund is non-diversified. Read Less
The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and...Read More
Stock Target Advisor's fundamental analysis for AltShares Trust - AltShares Merger Arbitrage ETF's stock is Neutral.
Unfortunately we do not have enough data on ARB's stock to indicate if its a good dividend stock.
Unfortunately we do not have enough data on ARB's stock to indicate what its average analyst target is.
ARB stock's Price/Earning ratio is 29.30.
Our analysis grades ARB stock's Price / Earning ratio at F. This means that ARB stock's Price/Earning ratio is above 71% of the stocks in the Others sector in the NYE exchange.
Based on this ARB may be a overvalued for its sector.
The last closing price of ARB's stock was USD 27.27.
The most recent market capitalization for ARB is USD 0.08B.
Unfortunately we do not have enough analyst data on ARB's stock to indicate whether its price will go up or not.
We can't find any ETFs which contains AltShares Trust - AltShares Merger Arbitrage ETF's stock.
As per our most recent records AltShares Trust - AltShares Merger Arbitrage ETF has 0 Employees.
AltShares Trust - AltShares Merger Arbitrage ETF's registered address is 16 Great Queen Street, London, United Kingdom, WC2B 5DG.
You can get more information about it from AltShares Trust - AltShares Merger Arbitrage ETF's website at https://www.argoblockchain.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Stock Target Advisor's fundamental analysis for AltShares Trust - AltShares Merger Arbitrage ETF's stock is Neutral.
Unfortunately we do not have enough data on ARB's stock to indicate if its a good dividend stock.
Unfortunately we do not have enough data on ARB's stock to indicate what its average analyst target is.
ARB stock's Price/Earning ratio is 29.30.
Our analysis grades ARB stock's Price / Earning ratio at F. This means that ARB stock's Price/Earning ratio is above 71% of the stocks in the Others sector in the NYE exchange.
Based on this ARB may be a overvalued for its sector.
The last closing price of ARB's stock was USD 27.27.
The most recent market capitalization for ARB is USD 0.08B.
Unfortunately we do not have enough analyst data on ARB's stock to indicate whether its price will go up or not.
We can't find any ETFs which contains AltShares Trust - AltShares Merger Arbitrage ETF's stock.
As per our most recent records AltShares Trust - AltShares Merger Arbitrage ETF has 0 Employees.
AltShares Trust - AltShares Merger Arbitrage ETF's registered address is 16 Great Queen Street, London, United Kingdom, WC2B 5DG.
You can get more information about it from AltShares Trust - AltShares Merger Arbitrage ETF's website at https://www.argoblockchain.com.
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