Arrival [NASDAQ: ARVL] surged by $1.58 during the normal trading session on Wednesday and reaching a high of $15.36 during the day while it closed the day at $14.59.
Arrival stock has also gained 1.18% of its value over the past 7 days. However, ARVL stock has declined by -49.32% in the 3 months of the year. Over the past six months meanwhile, it has gained 46.34% and lost -48.12% year-on date.
The market cap for ARVL stock reached $8.14 billion, with 606.16 million shares outstanding and 51.80 million shares in the current float. Compared to the average trading volume of 1.70M shares, ARVL reached a trading volume of 2472812 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Arrival [ARVL]:
Cowen have made an estimate for Arrival shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 05, 2021.
The Average True Range (ATR) for Arrival is set at 1.98 The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 0.00.
ARVL stock trade performance evaluation
Arrival [ARVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.18. With this latest performance, ARVL shares dropped by -43.12% in over the last four-week period, additionally plugging by 46.34% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARVL stock in for the last two-week period is set at 39.60, with the RSI for the last a single of trading hit 42.50, and the three-weeks RSI is set at 39.53 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 21.10, while it was recorded at 13.82 for the last single week of trading, and 17.54 for the last 200 days.
Arrival [ARVL]: An insightful look at the core fundamentals
Arrival’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.
Arrival [ARVL]: Insider Ownership positions
There are presently around $138 million, or 1.60% of ARVL stock, in the hands of institutional investors. The top three institutional holders of ARVL stocks are: ATALAYA CAPITAL MANAGEMENT LP with ownership of 1,940,625, which is approximately New of the company’s market cap and around 76.70% of the total institutional ownership; BLACKROCK INC., holding 1,940,625 shares of the stock with an approximate value of $28.31 million in ARVL stocks shares; and MAGNETAR FINANCIAL LLC, currently with $28.31 million in ARVL stock with ownership of nearly 4367.245% of the company’s market capitalization.
54 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 7,178,805 shares. Additionally, 46 investors decreased positions by around 14,736,151 shares, while 1 investors held positions by with 12,454,600 shares. The mentioned changes placed institutional holdings at 9,460,356 shares, according to the latest SEC report filing. ARVL stock had 52 new institutional investments in for a total of 5,264,273 shares, while 41 institutional investors sold positions of 13,218,258 shares during the same period.