Arrive AI (NASDAQ:ARAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arrive AI (NASDAQ:ARAI) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Arrive AI in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arrive AI has an average rating of “Hold” and a consensus price target of $12.00.

Arrive AI Trading Up 4.8%

NASDAQ ARAI opened at $0.98 on Friday. The company has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $2.70. The stock has a market cap of $35.68 million and a P/E ratio of -2.39. Arrive AI has a 12-month low of $0.51 and a 12-month high of $40.00.

Institutional Investors Weigh In On Arrive AI

A number of large investors have recently bought and sold shares of ARAI. Strs Ohio acquired a new position in Arrive AI in the 4th quarter worth approximately $40,000. New York State Common Retirement Fund acquired a new stake in Arrive AI during the 3rd quarter valued at approximately $45,000. PharVision Advisers LLC purchased a new stake in shares of Arrive AI in the 3rd quarter valued at $60,000. Two Sigma Investments LP purchased a new stake in shares of Arrive AI in the 3rd quarter valued at $106,000. Finally, State Street Corp increased its stake in shares of Arrive AI by 193.6% in the fourth quarter. State Street Corp now owns 46,100 shares of the company’s stock worth $121,000 after acquiring an additional 30,400 shares during the period.

About Arrive AI

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.