Arrival (NASDAQ:ARVL) shares, rose in value on Thursday, 01/06/22, with the stock price down by -1.00% to the previous day’s close as strong demand from buyers drove the stock to $6.92.
Actively observing the price movement in the last trading, the stock closed the session at $6.99, falling within a range of $6.65 and $7.19. Referring to stock’s 52-week performance, its high was $31.97, and the low was $6.87. On the whole, ARVL has fluctuated by -12.41% over the past month.
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With the market capitalization of Arrival currently standing at about $4.90 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 08, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to -$0.05 for fiscal year -$1.11 and then to about -$0.4 by fiscal year 2022.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ARVL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ARVL currently trading nearly -9.91% and -34.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.10, while the 7-day volatility ratio is showing 7.50% which for the 30-day chart, stands at 7.56%. Furthermore, Arrival (ARVL)’s average true range (ATR) is 0.59.
Data on historical trading for Arrival (NASDAQ:ARVL) indicates that the trading volumes over the past 10 days have averaged 2.7 million and over the past 3 months, they’ve averaged 3.54 million. According to company’s latest data on outstanding shares, there are 606.16 million shares outstanding.
Nearly 75.87% of Arrival’s shares belong to company insiders and institutional investors own 6.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.48 million shares as on Dec 14, 2021, resulting in a short ratio of 2.97. According to the data, the short interest in Arrival (ARVL) stood at 2.90% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 14.78 million. The stock has fallen by -6.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARVL stock heading into the next quarter.