Wall Street Zen Upgrades Arrive AI (NASDAQ:ARAI) to Hold

Arrive AI (NASDAQ:ARAI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

ARAI has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Arrive AI in a research note on Monday, December 29th. Maxim Group began coverage on shares of Arrive AI in a research note on Tuesday, November 4th. They issued a “buy” rating and a $12.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arrive AI presently has an average rating of “Hold” and an average target price of $12.00.

Arrive AI Stock Down 2.4%

ARAI opened at $2.83 on Friday. Arrive AI has a 52 week low of $2.52 and a 52 week high of $40.00. The business’s 50 day moving average is $3.58 and its two-hundred day moving average is $5.41. The firm has a market cap of $96.81 million and a price-to-earnings ratio of -14.89.

Arrive AI (NASDAQ:ARAI) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ARAI. New York State Common Retirement Fund purchased a new position in Arrive AI in the 3rd quarter valued at approximately $45,000. PharVision Advisers LLC purchased a new position in shares of Arrive AI in the third quarter valued at $60,000. Two Sigma Investments LP acquired a new position in shares of Arrive AI during the 3rd quarter worth $106,000. Tower Research Capital LLC TRC purchased a new position in Arrive AI during the 2nd quarter valued at about $133,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Arrive AI during the second quarter worth about $543,000.

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.