why Arrival [ARVL] is a Good Choice for Investors After New Price Target of $5.88

Arrival [NASDAQ: ARVL] jumped around 0.18 points on Monday, while shares priced at $1.84 at the close of the session, up 10.84%. The company report on July 28, 2022 that Arrival to Report Second Quarter 2022 Financial Results on August 11, 2022.


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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 announced that it will report financial results for the second quarter ending June 30, 2022 before the U.S. markets open on Thursday, August 11, 2022.

The Company will host a corresponding webinar at 8:00 a.m. Eastern Time on that day. The live webinar will be accessible on the Company’s website at investors.arrival.com. A replay will be available approximately two hours after the conclusion of the live event.

Arrival stock is now -75.20% down from its year-to-date (YTD) trading value. ARVL Stock saw the intraday high of $1.92 and lowest of $1.72 per share. The company’s 52-week high price is 17.99, which means current price is +43.75% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 5.85M shares, ARVL reached a trading volume of 6288803 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 $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 2.00. 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 0.81, with the Price to Cash per share for the same quarter was set at 1.23.

How has ARVL stock performed recently?

Arrival [ARVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.46. With this latest performance, ARVL shares gained by 12.88% in over the last four-week period, additionally sinking by -53.77% over the last 6 months – not to mention a drop of -84.91% 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 59.16, with the RSI for the last a single of trading hit 63.66, and the three-weeks RSI is set at 55.00 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 1.6096, while it was recorded at 1.7400 for the last single week of trading, and 4.9651 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 $186 million, or 17.60% 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 70.16% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 30,356,905 shares of the stock with an approximate value of $55.86 million in ARVL stocks shares; and BLACKROCK INC., currently with $28.84 million in ARVL stock with ownership of nearly 22.621% of the company’s market capitalization.

59 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 19,548,645 shares. Additionally, 47 investors decreased positions by around 3,166,324 shares, while 20 investors held positions by with 78,352,834 shares. The mentioned changes placed institutional holdings at 101,067,803 shares, according to the latest SEC report filing. ARVL stock had 25 new institutional investments in for a total of 3,188,388 shares, while 27 institutional investors sold positions of 1,367,158 shares during the same period.

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