Berenberg lifts Arrival [ARVL] price estimate. Who else is bullish?

Arrival [NASDAQ: ARVL] stock went on a downward path that fall over -5.05% on Monday, amounting to a one-week price decrease of less than -14.77%. The company report on February 21, 2023 that Arrival Announces a $50M Equity Capital Commitment and Exchanges $121.9M of Debt for Equity.

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Raises $50 million of new equity capital through the sale of equity to Antara Capital Master Fund LP (“Antara”).

Reduces principal amount of debt due in 2026 by $121.9 million, or 38%.

Over the last 12 months, ARVL stock dropped by -92.05%. The average equity rating for ARVL stock is currently 3.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $183.92 million, with 638.24 million shares outstanding and 220.24 million shares in the current float. Compared to the average trading volume of 13.16M shares, ARVL stock reached a trading volume of 6577863 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Arrival [ARVL]:

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 0.05 The Price to Book ratio for the last quarter was 0.16, with the Price to Cash per share for the same quarter was set at 0.82.

ARVL Stock Performance Analysis:

Arrival [ARVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.77. With this latest performance, ARVL shares dropped by -28.67% in over the last four-week period, additionally sinking by -77.56% over the last 6 months – not to mention a drop of -92.05% 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 37.32, with the RSI for the last a single of trading hit 29.06, and the three-weeks RSI is set at 41.34 for Arrival [ARVL]. The present Moving Average for the last 50 days of trading for this stock 0.3213, while it was recorded at 0.3089 for the last single week of trading, and 0.9331 for the last 200 days.

Insight into Arrival Fundamentals:

Arrival’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.20 and a Current Ratio set at 7.50.

Arrival [ARVL] Insider Position Details

There are presently around $11 million, or 9.70% of ARVL stock, in the hands of institutional investors. The top three institutional holders of ARVL stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 15,888,300, which is approximately 726.913% of the company’s market cap and around 62.03% of the total institutional ownership; TWO SIGMA INVESTMENTS, LP, holding 5,656,512 shares of the stock with an approximate value of $1.57 million in ARVL stocks shares; and MORGAN STANLEY, currently with $0.98 million in ARVL stock with ownership of nearly 119.271% of the company’s market capitalization.

Positions in Arrival stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 23 institutional holders increased their position in Arrival [NASDAQ:ARVL] by around 20,207,099 shares. Additionally, 46 investors decreased positions by around 41,076,564 shares, while 26 investors held positions by with 22,892,961 shares. The mentioned changes placed institutional holdings at 38,390,702 shares, according to the latest SEC report filing. ARVL stock had 11 new institutional investments in for a total of 728,694 shares, while 21 institutional investors sold positions of 7,847,655 shares during the same period.


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