Citigroup Global Markets, Inc. has recently announced that it has increased stake in Arrival (NASDAQ:ARVL) by 58,359.69%. After grabbing 0.93 million shares, the institutional investor is now in possession of 0.93 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 6.09% having worth around $1.99 million. Moreover, Antara Capital LP increased its share by 0.26 million to have a control over 0.26 million shares. And Point72 Asset Management LP raised its holdings to 9000.0 shares by acquiring 52600.0 shares or 0.35% of the stake.
Arrival (ARVL) concluded trading on 05/24/23 at a closing price of $3.65, with 2.53 million shares of worth about $9.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -79.17% during that period and on Wednesday the price saw a gain of about 2.53%. Currently the company’s common shares owned by public are about 12.77M shares, out of which, 6.90M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the ARVL stock and their offered price forecasts bring an average price target of $268.44. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $268.44 and could fall to a lowest price of $268.44. The stock’s current price level is -143.33% below of average price target set by the analysts, while a dip to estimated low would result in gain of 98.64% for the stock. However, touching the estimated high of $268.44 would mean a gain of 98.64% for the stock.
Arrival (NASDAQ: ARVL) started trading at $3.47, below -$0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 4.3100, or with a gain of 2.53%. Stock saw a price change of 65.16% in past 5 days and over the past one month there was a price change of 69.77%. Year-to-date (YTD), ARVL shares are showing a performance of -54.23% which decreased to -96.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.62 but also hit the highest price of $96.00 during that period. The average intraday trading volume for Arrival shares is 528.88K. The stock is currently trading 60.67% above its 20-day simple moving average (SMA20), while that difference is down -19.34% for SMA50 and it goes to -84.66% lower than SMA200.
Citigroup Global Markets, Inc. acquired 0.93 million shares of Arrival having value of about $1.99 million. Data submitted at the U.S SEC by Citigroup Global Markets, Inc. revealed that the firm now holds 0.93 million shares in the company valued at close to $3386904.35, or have control over 58,359.69% stake in the company. Arrival (NASDAQ: ARVL) currently have 12.77M outstanding shares and institutions hold larger chunk of about 9.70% of that. Holding of mutual funds in the company is about 0.33% while other institutional holders and individual stake holders have control over 10.36% and — of the stake respectively.
The stock has a current market capitalization of $50.30M. It has posted earnings per share of -$16.66 in the same period. It has Quick Ratio of 7.20 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARVL, volatility over the week remained 28.09% while standing at 16.57% over the month.
Analysts are in expectations that Arrival (ARVL) stock would likely to be making an EPS of -$24.45 in the current quarter, while forecast for next quarter EPS is -$5 and it is -$11.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -$24.45 which is -$24.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -830.00% while it is estimated to increase by 70.30% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Arrival (ARVL)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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