Arrive AI's (ARAI) Sell (E-) Rating Reiterated at Weiss Ratings

Key Points

• Arrive AI's stock received a "sell (e-)" rating restated by Weiss Ratings, indicating ongoing concerns about its market performance.
• The company reported a loss of $0.05 earnings per share and revenue of only $0.09 million for the last quarter.
• Despite the negative outlook, Arrive AI's stock rose by 8.4%, trading at $5.42 during midday on Friday.

Arrive AI (NASDAQ:ARAI - Get Free Report)'s stock had its "sell (e-)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Arrive AI Stock Up 8.4%

Arrive AI stock traded up $0.42 during midday trading on Friday, hitting $5.42. The company's stock had a trading volume of 234,150 shares, compared to its average volume of 814,940. Arrive AI has a 1-year low of $3.03 and a 1-year high of $40.00. The company has a 50-day simple moving average of $4.57.

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

Institutional Trading of Arrive AI

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in shares of Arrive AI in the 2nd quarter valued at approximately $133,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Arrive AI in the 2nd quarter valued at approximately $543,000. Rockefeller Capital Management L.P. acquired a new position in shares of Arrive AI in the 2nd quarter valued at approximately $607,000. Finally, Geode Capital Management LLC acquired a new position in shares of Arrive AI in the 2nd quarter valued at approximately $793,000.

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.

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