In last trading session, Arrival (NASDAQ:ARVL) saw 0.43 million shares changing hands with its beta currently measuring 2.57. Company’s recent per share price level of $1.32 trading at $0.23 or 20.63% at ring of the bell on the day assigns it a market valuation of $20.07M. That closing price of ARVL’s stock is at a discount of -3460.61% from its 52-week high price of $47.00 and is indicating a premium of 31.06% from its 52-week low price of $0.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.21 million shares which gives us an average trading volume of 173.50K if we extend that period to 3-months.
For Arrival (ARVL), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
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Arrival (NASDAQ:ARVL) trade information
Upright in the green during last session for gaining 20.63%, in the last five days ARVL remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $1.32 price level, adding 2.94% to its value on the day. Arrival’s shares saw a change of -83.51% in year-to-date performance and have moved 22.90% in past 5-day. Arrival (NASDAQ:ARVL) showed a performance of 22.90% in past 30-days. Number of shares sold short was 1.88 million shares which calculate 14.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $268.44 to the stock, which implies a rise of 99.51% to its current value. Analysts have been projecting $268.44 as a low price target for the stock while placing it at a high target of $268.44. It follows that stock’s current price would drop -20236.36% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20236.36% for stock’s current value.
ARVL Dividends
Arrival is more likely to be releasing its next quarterly report between November 20 and November 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Arrival (NASDAQ:ARVL)’s Major holders
Insiders are in possession of 44.86% of company’s total shares while institution are holding 18.58 percent of that, with stock having share float percentage of 33.69%. Investors also watch the number of corporate investors in a company very closely, which is 18.58% institutions for Arrival that are currently holding shares of the company. Antara Capital Lp is the top institutional holder at ARVL for having 1.46 million shares of worth $3.77 million. And as of Jun 29, 2023, it was holding 0.19% of the company’s outstanding shares.
The second largest institutional holder is Centiva Capital, LP, which was holding about 0.37 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.05% of outstanding shares, having a total worth of $0.94 million.