Arrival (NASDAQ:ARVL) price onThursday, Jun 03, rose 1.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.47.
A look at the stock’s price movement, the close in the last trading session was $20.25, moving within a range at $20.00 and $21.23. The beta value (5-Year monthly) was 0 while the PE ratio in trailing twelve months stood at 0. Turning to its 52-week performance, $37.18 and $9.72 were the 52-week high and 52-week low respectively. Overall, ARVL moved 11.31% over the past month.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARVL is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of none analyst(s) rate the stock as a Hold, 3 recommend ARVL as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0, with ARVL’s current price about 8.78% and 15.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.03, while 7-day volatility ratio is 5.52% and 6.31% in the 30-day chart. Further, Arrival (ARVL) has a beta value of 0, and an average true range (ATR) of 1.22. Analysts have given the company’s stock an average 52-week price target of $30.17, forecast between a low of $25 and high of $37. Looking at the price targets, the low is 22.13% off current price level while to achieve the yearly target high, price needs to move +80.75%. Nonetheless, investors will most likely welcome a +39.23% jump to $28.5 which is the analysts’ median price.
In the market, a comparison of Arrival (ARVL) and its peers suggest the former has performed considerably better. Data shows ARVL’s intraday price has changed +1.09% in last session and +114.12% over the past year. Comparatively, Ferrari N.V. (RACE) has moved +0.48% on the day and only +22.27% in the past 12 months. Looking at another peer, we see that Magna International (MGA) price has surged 1.05% on the day. However, the stock is 124.74% off its price a year ago. Moreover, Borgwarner Inc (BWA) is also up 1.09% in trading on the day while keeping an uptrend of 114.12% over the past year. If we look at the PE ratio, we find that Arrival’s ratio stands at 0 compared to Ferrari N.V.’s 54.48 and Magna International’s 27.83. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.36% and down -0.07% respectively in the last trading.
If we refocus on Arrival (NASDAQ:ARVL), historical trading data shows that trading volumes averaged 2.27 Million over the past 10 days and 2.14 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 606.16 Million shares.