Arrival (NASDAQ:ARVL) price closed higher on Monday, September 13, jumping 1.12% above its previous close.
A look at the daily price movement shows that the last close reads $12.48, with intraday deals fluctuated between $12.3201 and $12.9499. Taking into account the 52-week price action we note that the stock hit a 52-week high of $37.18 and 52-week low of $9.92. The stock added 6.32% on its value in the past month.
Arrival, which has a market valuation of $7.80 billion, is expected to release its quarterly earnings report Aug 12, 2021. Analysts tracking ARVL have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit -$0.9 for the year 2021 and up to -$0.16 for 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ARVL a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned ARVL a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Arrival (ARVL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ARVL’s price is at present 10.33% off the SMA20 and -1.07% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.63, with weekly volatility standing at 5.18%. The indicator jumps to 5.96% when calculated based on the past 30 days. Arrival (NASDAQ:ARVL)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.70. Considering analysts have assigned the stock a price target range of $17.05-$31.68 as the low and high respectively, we find the trailing 12-month average consensus price target to be $24.34. Based on this estimate, we see that current price is roughly -35.1% off the estimated low and -151.03% off the forecast high. Investors will no doubt be excited to see the share price fall to $24.30, which is the median consensus price, and at that level ARVL would be -92.55% from current price.
An analysis of the Arrival (NASDAQ:ARVL) stock in terms of its daily trading volume indicates that the 3-month average is 2.79 million.
Current records show that the company has 606.16M in outstanding shares. The insiders’ percentage holdings are 75.87% of outstanding shares while the percentage share held by institutions stands at 9.90%. But the -55.12% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.