Arrival (NASDAQ:ARVL) shares traded 0.91% higher at $0.35 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $5.37 and a low of $5.37, we find $5.37. Given the previous closing price of $0.35, this indicates a potential upside of 1434.29 percent. ARVL stock price is now -50.77% away from the 50-day moving average and -81.18% away from the 200-day moving average. The market capitalization of the company currently stands at $234.86M.
Brokers who have rated the stock have averaged $5.37 as their price target over the next twelve months.
With the price target of $17, Berenberg recently initiated with Buy rating for Arrival (NASDAQ: ARVL). On June 03, 2021, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $25, while ‘Cowen’ rates the stock as ‘Outperform’.
A total of 66.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARVL stock. A new stake in Arrival shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $914,000. STATE STREET CORP invested $49,000 in shares of ARVL during the first quarter. In the first quarter, BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in Arrival valued at approximately $47,000. COHEN KLINGENSTEIN LLC acquired a new stake in ARVL for approximately $11,000. BIRCHCREEK WEALTH MANAGEMENT, LLC purchased a new stake in ARVL valued at around $5,000 in the second quarter. In total, there are 105 active investors with 9.90% ownership of the company’s stock.
Arrival (NASDAQ: ARVL) opened at $0.3551 on Tuesday. During the past 12 months, Arrival has had a low of $0.35 and a high of $10.65. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 12.50, and a quick ratio of 12.20. The fifty day moving average price for ARVL is $0.7183 and a two-hundred day moving average price translates $1.8787 for the stock.
The latest earnings results from Arrival (NASDAQ: ARVL) was released for Jun, 2022. For the current quarter, analysts expect ARVL to generate $1.25M in revenue.
Arrival(ARVL) Company Profile
Arrival engages in the research and development, and design of commercial electric vehicles (EVs), EVs components, robotic manufacturing processes for EVs, and associated software in the United Kingdom, the United States, Russia, and internationally. Its products portfolio includes commercial EV vans, buses, and cars. The company was formerly known as Arrival Group S.A. and changed its name to Arrival. The company was founded in 2015 and is based in Howald, Luxembourg. Arrival is a subsidiary of Kinetik S.à r.l.