Arrival [NASDAQ: ARVL] price surged by 13.65 percent to reach at $2.02.
A sum of 2780719 shares traded at recent session while its average daily volume was at 1.74M shares. Arrival shares reached a high of $16.84 and dropped to a low of $15.22 until finishing in the latest session at $16.82.
Guru’s Opinion on 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 1.93 The Price to Book ratio for the last quarter was 2.21, with the Price to Cash per share for the same quarter was set at 0.00.
ARVL Stock Performance Analysis:
Arrival [ARVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.81. With this latest performance, ARVL shares dropped by -22.13% in over the last four-week period, additionally plugging by 66.45% over the last 6 months – not to mention a rise of 69.22% in the past year of trading.
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 48.76, with the RSI for the last a single of trading hit 56.23, and the three-weeks RSI is set at 45.82 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 20.63, while it was recorded at 14.61 for the last single week of trading, and 17.60 for the last 200 days.
Insight into Arrival 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 Position Details
There are presently around $159 million, or 3.90% 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 $32.64 million in ARVL stocks shares; and MAGNETAR FINANCIAL LLC, currently with $32.64 million in ARVL stock with ownership of nearly 4367.245% of the company’s market capitalization.
55 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 7,179,100 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 9,460,651 shares, according to the latest SEC report filing. ARVL stock had 53 new institutional investments in for a total of 5,264,568 shares, while 41 institutional investors sold positions of 13,218,258 shares during the same period.