Wall Street Zen Downgrades Arrive AI (NASDAQ:ARAI) to Sell

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

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Arrive AI currently has an average rating of “Hold” and an average price target of $12.00.

Arrive AI Stock Down 1.9%

ARAI opened at $1.03 on Friday. The business has a fifty day moving average of $1.92 and a 200 day moving average of $3.40. The stock has a market cap of $35.24 million and a P/E ratio of -5.42. Arrive AI has a 52-week low of $0.96 and a 52-week high of $40.00.

Institutional Trading of Arrive AI

A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in Arrive AI in the second quarter worth approximately $133,000. New York State Common Retirement Fund bought a new stake in Arrive AI during the 3rd quarter valued at $45,000. Strs Ohio bought a new stake in Arrive AI during the 4th quarter valued at $40,000. PharVision Advisers LLC purchased a new stake in shares of Arrive AI in the 3rd quarter worth $60,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Arrive AI in the 3rd 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.