Arrival [NASDAQ: ARVL] plunged by -$0.03 during the normal trading session on Monday and reaching a high of $0.2204 during the day while it closed the day at $0.19. The company report on November 24, 2022 that Arrival Announces Mr. F. Peter Cuneo Appointed as Interim CEO; Mr. Denis Sverdlov Appointed as Chairman of the Board; Departure of Mr. Avinash Rugoobur as President and Chief of Strategy; Mr. Rexford Tibbens Appointed as Chairman of the Strategic Planning and Operations Committee.
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Mr. Cuneo stated, “I intend to bring the full depth of my experience to this operational role, ensuring that the Company executes on its next set of strategic goals. I look forward to working closely with Denis, the rest of the Board and our employees for the benefit of all Arrival’s stakeholders.”.
Arrival stock has also loss -20.52% of its value over the past 7 days. However, ARVL stock has declined by -79.09% in the 3 months of the year. Over the past six months meanwhile, it has lost -88.05% and lost -97.37% year-on date.
The market cap for ARVL stock reached $141.32 million, with 486.07 million shares outstanding and 200.82 million shares in the current float. Compared to the average trading volume of 9.09M shares, ARVL reached a trading volume of 14657453 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 $1.50 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 3.00. 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 0.04 The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 1.17.
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 -20.52. With this latest performance, ARVL shares dropped by -52.49% in over the last four-week period, additionally sinking by -88.05% over the last 6 months – not to mention a drop of -97.56% 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 24.67, with the RSI for the last a single of trading hit 19.41, and the three-weeks RSI is set at 28.05 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 0.4944, while it was recorded at 0.2340 for the last single week of trading, and 1.5604 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 $12 million, or 9.70% 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 26,453,207, which is approximately -12.981% of the company’s market cap and around 65.52% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 5,346,865 shares of the stock with an approximate value of $1.04 million in ARVL stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $0.66 million in ARVL stock with ownership of nearly -4.056% of the company’s market capitalization.
33 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 7,518,064 shares. Additionally, 49 investors decreased positions by around 27,426,853 shares, while 24 investors held positions by with 24,318,846 shares. The mentioned changes placed institutional holdings at 59,263,763 shares, according to the latest SEC report filing. ARVL stock had 12 new institutional investments in for a total of 2,916,373 shares, while 22 institutional investors sold positions of 17,965,913 shares during the same period.