, and the 36-month beta value for ARVL is at 2.51. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price suggested by analysts for ARVL is $268.44, The public float for ARVL is 8.42M, and currently, shorts hold a 19.28% of that float. The average trading volume for ARVL on September 15, 2023 was 430.18K shares.
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ARVL) stock’s latest price update
Arrival (NASDAQ: ARVL)’s stock price has increased by 6.54 compared to its previous closing price of 1.53. However, the company has seen a 7.95% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-08-17 that There is little doubt about the bull story for electric vehicles. With global penetration still at a low level, some of the best EV companies will continue to grow at a healthy pace.
ARVL’s Market Performance
ARVL’s stock has risen by 7.95% in the past week, with a monthly drop of -10.93% and a quarterly drop of -32.08%. The volatility ratio for the week is 5.10% while the volatility levels for the last 30 days are 5.74% for Arrival The simple moving average for the last 20 days is 0.85% for ARVL stock, with a simple moving average of -78.44% for the last 200 days.
Analysts’ Opinion of ARVL
Many brokerage firms have already submitted their reports for ARVL stocks, with Berenberg repeating the rating for ARVL by listing it as a “Buy.” The predicted price for ARVL in the upcoming period, according to Berenberg is $17 based on the research report published on October 06, 2021 of the previous year 2021.
ARVL Trading at -13.58% from the 50-Day Moving Average
After a stumble in the market that brought ARVL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.04% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares sank -5.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.51% lower at present.
During the last 5 trading sessions, ARVL rose by +7.95%, which changed the moving average for the period of 200-days by -90.86% in comparison to the 20-day moving average, which settled at $1.6113. In addition, Arrival saw -79.56% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ARVL
The liquidity ratio also appears to be rather interesting for investors as it stands at 10.70.
Conclusion
In conclusion, Arrival (ARVL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
