Arrive AI (NASDAQ:ARAI) Trading Down 3.5% - What's Next?

Key Points

• Arrive AI's stock price fell by 3.5% during mid-day trading, reaching a low of $3.06 before closing at $3.07.
• Analysts have upgraded Arrive AI to a "hold" rating, indicating a more cautious outlook on its future performance.
• The company reported an earnings loss of ($0.05) EPS with minimal revenue of $0.09 million for the recent quarter.

Arrive AI Inc. (NASDAQ:ARAI - Get Free Report) shares traded down 3.5% during mid-day trading on Thursday . The stock traded as low as $3.06 and last traded at $3.07. 259,698 shares were traded during mid-day trading, a decline of 5% from the average session volume of 273,770 shares. The stock had previously closed at $3.18.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Arrive AI to a "hold" rating in a research report on Saturday, June 14th.

Arrive AI Stock Up 20.0%

The stock has a 50 day moving average price of $6.31.

Arrive AI (NASDAQ:ARAI - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.09 million during the quarter.

Hedge Funds Weigh In On Arrive AI

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in Arrive AI in the second quarter worth approximately $793,000. Rockefeller Capital Management L.P. acquired a new position in shares of Arrive AI in the 2nd quarter worth $607,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Arrive AI in the 2nd quarter worth $543,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Arrive AI during the second quarter worth $133,000.

Arrive AI Company Profile

We were incorporated on April 30, 2020, in the State of Delaware under the name of Dronedek Corporation. The Company changed its name to Arrive Technology Inc on July 27, 2023. The Company changed its name to Arrive AI Inc on September 30, 2024. We are a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox and platform system for smart, secure, and seamless exchange of packages, goods, supplies, food, and medications between people, through the use of robots, and drones.