Arrive AI (NASDAQ:ARAI) Stock Price Up 2% – Time to Buy?

Arrive AI Inc. (NASDAQ:ARAIGet Free Report)’s share price traded up 2% during mid-day trading on Monday . The company traded as high as $0.2898 and last traded at $0.2714. 439,822 shares changed hands during trading, a decline of 23% from the average session volume of 573,308 shares. The stock had previously closed at $0.2660.

Wall Street Analyst Weigh In

Several analysts have recently commented on ARAI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Arrive AI in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Arrive AI from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One 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, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

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Arrive AI Price Performance

The firm has a fifty day simple moving average of $0.38 and a 200-day simple moving average of $0.80. The firm has a market cap of $13.49 million, a P/E ratio of -0.50 and a beta of 4.31.

Hedge Funds Weigh In On Arrive AI

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Arrive AI in the 1st quarter valued at $58,000. State Street Corp increased its stake in Arrive AI by 193.6% during the 4th quarter. State Street Corp now owns 46,100 shares of the company’s stock valued at $121,000 after purchasing an additional 30,400 shares in the last quarter. Geode Capital Management LLC raised its holdings in Arrive AI by 15.7% during the fourth quarter. Geode Capital Management LLC now owns 123,571 shares of the company’s stock worth $325,000 after buying an additional 16,804 shares during the last quarter. Strs Ohio acquired a new position in Arrive AI during the fourth quarter worth $40,000. Finally, PharVision Advisers LLC bought a new position in shares of Arrive AI in the third quarter valued at $60,000.

Arrive AI Company Profile

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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.

Further Reading

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