For Arrival [ARVL], Analyst sees a rise to $17. What next?


Arrival [NASDAQ: ARVL] closed the trading session at $1.55 on 07/27/22. The day’s price range saw the stock hit a low of $1.48, while the highest price level was $1.57. The company report on July 12, 2022 that Arrival proposes business reorganisation.

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Arrival (NASDAQ: ARVL), inventor of a unique new method of design and production of equitable electric vehicles (EVs) by local Microfactories, today confirmed that it has proposed a reorganisation of its business in response to the challenging economic environment as it focuses on its next major milestone – starting production of the Arrival Van in Q3 2022.

Arrival has proposed plans that include a realignment of the organisation that would enable it to deliver business priorities until late 2023 primarily utilising the $500mn cash on hand. Arrival’s proposal includes a targeted 30% reduction in spend across the organisation and anticipates that it could potentially impact up to 30% of employees globally.

The stocks have a year to date performance of -79.11 percent and weekly performance of -16.22 percent. The stock has been moved at -56.46 percent over the last six months. The stock has performed -8.28 percent around the most recent 30 days and changed -31.72 percent over the most recent 3-months.

If compared to the average trading volume of 6.72M shares, ARVL reached to a volume of 4438909 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARVL shares is $5.88 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 0.15 The Price to Book ratio for the last quarter was 0.68, with the Price to Cash per share for the same quarter was set at 1.13.

ARVL stock trade performance evaluation

Arrival [ARVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.22. With this latest performance, ARVL shares dropped by -8.28% in over the last four-week period, additionally sinking by -56.46% over the last 6 months – not to mention a drop of -88.21% 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 47.73, with the RSI for the last a single of trading hit 48.20, and the three-weeks RSI is set at 46.34 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 1.6344, while it was recorded at 1.5900 for the last single week of trading, and 5.4925 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 12.20 and a Current Ratio set at 12.50.

Arrival [ARVL]: Insider Ownership positions

There are presently around $157 million, or 17.80% 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 $47.05 million in ARVL stocks shares; and BLACKROCK INC., currently with $24.3 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 August and at the time of the August reporting period, where 57 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 19,580,557 shares. Additionally, 47 investors decreased positions by around 3,711,997 shares, while 18 investors held positions by with 77,834,463 shares. The mentioned changes placed institutional holdings at 101,127,017 shares, according to the latest SEC report filing. ARVL stock had 23 new institutional investments in for a total of 3,168,634 shares, while 25 institutional investors sold positions of 1,930,262 shares during the same period.