Arrive AI (NASDAQ:ARAI) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Arrive AI (NASDAQ:ARAI) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Arrive AI in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Arrive AI Stock Performance

Shares of ARAI stock opened at $1.06 on Friday. The firm has a market cap of $36.09 million and a price-to-earnings ratio of -5.55. Arrive AI has a 52 week low of $0.93 and a 52 week high of $40.00. The firm’s 50-day simple moving average is $1.88 and its two-hundred day simple moving average is $3.36.

Institutional Trading of Arrive AI

A number of institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Arrive AI by 193.6% in the 4th quarter. State Street Corp now owns 46,100 shares of the company’s stock worth $121,000 after buying an additional 30,400 shares during the period. Geode Capital Management LLC raised its holdings in Arrive AI by 15.7% during the 4th quarter. Geode Capital Management LLC now owns 123,571 shares of the company’s stock valued at $325,000 after acquiring an additional 16,804 shares during the period. Strs Ohio purchased a new stake in shares of Arrive AI during the fourth quarter worth $40,000. PharVision Advisers LLC purchased a new stake in shares of Arrive AI during the third quarter worth $60,000. Finally, Two Sigma Investments LP bought a new position in shares of Arrive AI in the third quarter worth $106,000.

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.