Check Out Arrival (ARVL)’s Trade Data Rather Than the Analysts’ Views

Arrival (NASDAQ: ARVL) stock fell -6.13% on Monday to $0.43 against a previous-day closing price of $0.46. With 14.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.34 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.4800 whereas the lowest price it dropped to was $0.4100. The 52-week range on ARVL shows that it touched its highest point at $5.06 and its lowest point at $0.14 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARVL was down-trending over the past week, with a drop of -31.96%, but this was up by 115.90% over a month. Three-month performance dropped to -40.01% while six-month performance fell -72.84%. The stock lost -91.55% in the past year, while it has gained 170.72% so far this year. A look at the trailing 12-month EPS for ARVL yields -0.34 with Next year EPS estimates of -0.40. For the next quarter, that number is -0.49. This implies an EPS growth rate of -937.50% for this year and 51.80% for next year.

Float and Shares Shorts:

At present, 638.24 million ARVL shares are outstanding with a float of 220.24 million shares on hand for trading. On Oct 13, 2022, short shares totaled 40.05 million, which was 6.28% higher than short shares on Sep 14, 2022. In addition to Mr. Denis Sverdlov as the firm’s Founder & CEO, Mr. Avinash Rugoobur serves as its Pres & Director.

Institutional Ownership:

Through their ownership of 12.98% of ARVL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.06% of ARVL, in contrast to 1.30% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ARVL with 4.14% of the stake, Wellington Management Co. LLP holds 26,453,207 shares worth 26,453,207. A second-largest stockholder of ARVL, Millennium Management LLC, holds 5,346,865 shares, controlling over 0.84% of the firm’s shares. Two Sigma Investments LP is the third largest shareholder in ARVL, holding 3,394,615 shares or 0.53% stake.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARVL since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARVL analysts setting a high price target of $5.37 and a low target of $5.37, the average target price over the next 12 months is $5.37. Based on these targets, ARVL could surge 1148.84% to reach the target high and rise by 1148.84% to reach the target low. Reaching the average price target will result in a growth of 1148.84% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ARVL will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.82 being high and -$0.82 being low. For ARVL, this leads to a yearly average estimate of -$0.82. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Arrival surprised analysts by -$0.31 when it reported -$0.49 EPS against a consensus estimate of -$0.18. The surprise factor in the prior quarter was -$0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.18 and the low estimate is -$0.18. The average estimate for the next quarter is thus -$0.18.

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