Arrival [NASDAQ: ARVL] jumped around 0.08 points on Wednesday, while shares priced at $1.44 at the close of the session, up 5.88%. The company report on June 3, 2022 that Arrival Annual General Meeting and Extraordinary General Meeting Approved All Proposals Today.
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Arrival, a public limited liability company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg, having its registered office at 60A, rue des Bruyères, L-1274 Howald, Grand Duchy of Luxembourg and registered with the Luxembourg register of commerce and companies (Registre de commerce et des sociétés, Luxembourg) under number B 248209 (“Arrival” or the “Company”) (NASDAQ: ARVL) held both its annual general meeting of shareholders (the “AGM”) and an extraordinary general meeting of shareholders (“EGM”) today, and shareholders approved all of the resolutions proposed by Arrival board of directors.
Arrival stock is now -80.59% down from its year-to-date (YTD) trading value. ARVL Stock saw the intraday high of $1.45 and lowest of $1.32 per share. The company’s 52-week high price is 22.93, which means current price is +12.50% above from all time high which was touched on 01/04/22.
Compared to the average trading volume of 7.41M shares, ARVL reached a trading volume of 4328564 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Arrival [ARVL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARVL shares is $6.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARVL stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Berenberg have made an estimate for Arrival shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 06, 2021. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on June 03, 2021, representing the official price target for Arrival stock.
The Average True Range (ATR) for Arrival is set at 0.17 The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 1.26.
How has ARVL stock performed recently?
Arrival [ARVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.28. With this latest performance, ARVL shares dropped by -21.74% in over the last four-week period, additionally sinking by -80.35% over the last 6 months – not to mention a drop of -93.44% 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 36.40, with the RSI for the last a single of trading hit 35.46, and the three-weeks RSI is set at 37.11 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 2.1524, while it was recorded at 1.4520 for the last single week of trading, and 7.0623 for the last 200 days.
Arrival [ARVL]: Deeper insight into the fundamentals
Arrival’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.20 and a Current Ratio set at 12.50.
Insider trade positions for Arrival [ARVL]
There are presently around $138 million, or 17.70% of ARVL stock, in the hands of institutional investors. The top three institutional holders of ARVL stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 38,136,614, which is approximately 26.124% of the company’s market cap and around 73.54% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 30,356,905 shares of the stock with an approximate value of $41.28 million in ARVL stocks shares; and BLACKROCK INC., currently with $21.32 million in ARVL stock with ownership of nearly 22.621% of the company’s market capitalization.
Positions in Arrival stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 63 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 19,699,083 shares. Additionally, 49 investors decreased positions by around 3,696,683 shares, while 15 investors held positions by with 77,812,964 shares. The mentioned changes placed institutional holdings at 101,208,730 shares, according to the latest SEC report filing. ARVL stock had 27 new institutional investments in for a total of 3,271,161 shares, while 28 institutional investors sold positions of 1,963,876 shares during the same period.