Arrive AI (NASDAQ:ARAI) Stock Rating Lowered by Wall Street Zen

Arrive AI (NASDAQ:ARAI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts also recently weighed in on ARAI. Maxim Group initiated coverage on shares of Arrive AI in a research note on Tuesday, November 4th. They issued a “buy” rating and a $12.00 target price for the company. Weiss Ratings reiterated a “sell (e)” rating on shares of Arrive AI in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Arrive AI has a consensus rating of “Hold” and a consensus price target of $12.00.

Arrive AI Stock Performance

Shares of ARAI opened at $3.82 on Friday. Arrive AI has a 1 year low of $3.03 and a 1 year high of $40.00. The company has a fifty day moving average price of $4.40. The company has a market capitalization of $126.17 million and a price-to-earnings ratio of -31.83.

Arrive AI (NASDAQ:ARAI) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $0.01 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARAI. Tower Research Capital LLC TRC bought a new position in shares of Arrive AI in the second quarter worth approximately $133,000. New York State Common Retirement Fund purchased a new stake in shares of Arrive AI during the 3rd quarter valued at $45,000. Two Sigma Investments LP bought a new stake in shares of Arrive AI during the 3rd quarter worth $106,000. OMERS ADMINISTRATION Corp purchased a new position in Arrive AI in the second quarter worth $543,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Arrive AI in the second quarter worth $607,000.

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.