Arrival (NASDAQ:ARVL) shares traded -3.02% lower at $1.93 on Wall Street last session.
In accordance with the data, 1 analysts cover Arrival (NASDAQ:ARVL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $268.44 and a low of $268.44, we find $268.44. Given the previous closing price of $1.99, this indicates a potential upside of 13389.45 percent. ARVL stock price is now -25.63% away from the 50-day moving average and -87.13% away from the 200-day moving average. The market capitalization of the company currently stands at $29.46M.
It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $268.44 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).
A total of 44.99% 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 ANTARA CAPITAL LP during the first quarter worth $499,000. INVESCO LTD. invested $38,000 in shares of ARVL during the first quarter. In the first quarter, ALLIANZ ASSET MANAGEMENT GMBH acquired a new stake in Arrival valued at approximately $29,000. GROUP ONE TRADING, L.P. acquired a new stake in ARVL for approximately $28,000. NORGES BANK purchased a new stake in ARVL valued at around $25,000 in the second quarter. In total, there are 77 active investors with 6.88% ownership of the company’s stock.
Arrival (NASDAQ: ARVL) opened at $2.0400 on Monday. During the past 12 months, Arrival has had a low of $1.62 and a high of $96.00. The fifty day moving average price for ARVL is $2.5859 and a two-hundred day moving average price translates $14.7780 for the stock.
The latest earnings results from Arrival (NASDAQ: ARVL) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$6, missing analysts’ expectations of -$5.72 by -0.28. This compares to -$8.70 EPS in the same period last year. The company reported revenue of $56.46 million for the quarter, compared to $5.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 896.59 percent.
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.
