Arrive AI (NASDAQ:ARAI - Get Free Report)'s stock had its "sell (e-)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded shares of Arrive AI to a "hold" rating in a research note on Saturday, June 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Arrive AI currently has a consensus rating of "Sell".
View Our Latest Report on Arrive AI
Arrive AI Trading Down 7.2%
Arrive AI stock traded down $0.34 during trading on Wednesday, reaching $4.36. 362,844 shares of the company's stock were exchanged, compared to its average volume of 836,946. The business's 50-day simple moving average is $5.00. Arrive AI has a 52-week low of $3.03 and a 52-week high of $40.00.
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 business had revenue of $0.09 million for the quarter.
Institutional Investors Weigh In On Arrive AI
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Arrive AI in the second quarter valued at approximately $133,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Arrive AI in the second quarter valued at approximately $543,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Arrive AI in the second quarter valued at approximately $607,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Arrive AI in the second quarter valued at approximately $793,000.
Arrive AI Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Arrive AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arrive AI wasn't on the list.
While Arrive AI currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
