Arrive AI (NASDAQ:ARAI) Upgraded by Wall Street Zen to “Hold” Rating

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

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

Arrive AI Trading Down 10.2%

ARAI stock opened at $0.93 on Friday. The company has a market capitalization of $34.04 million and a P/E ratio of -2.28. Arrive AI has a twelve month low of $0.51 and a twelve month high of $40.00. The business has a 50 day simple moving average of $1.00 and a 200-day simple moving average of $2.72.

Institutional Investors Weigh In On Arrive AI

Several hedge funds have recently modified their holdings of ARAI. Geode Capital Management LLC acquired a new stake in shares of Arrive AI during the second quarter worth $793,000. Tower Research Capital LLC TRC purchased a new position in Arrive AI in the second quarter worth $133,000. New York State Common Retirement Fund purchased a new position in Arrive AI in the third quarter worth $45,000. Two Sigma Investments LP purchased a new position in Arrive AI in the third quarter worth $106,000. Finally, PharVision Advisers LLC purchased a new position in Arrive AI in the third quarter worth $60,000.

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.