Arrive AI (NASDAQ:ARAI) Stock Rating Upgraded by Wall Street Zen

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

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

Arrive AI Stock Performance

Shares of ARAI opened at $0.93 on Friday. The firm has a market cap of $34.04 million and a PE ratio of -2.28. The company’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $2.72. Arrive AI has a 12-month low of $0.51 and a 12-month high of $40.00.

Hedge Funds Weigh In On Arrive AI

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Arrive AI by 15.7% during the fourth quarter. Geode Capital Management LLC now owns 123,571 shares of the company’s stock worth $325,000 after acquiring an additional 16,804 shares during the last quarter. State Street Corp grew its position in shares of Arrive AI by 193.6% during the fourth quarter. State Street Corp now owns 46,100 shares of the company’s stock worth $121,000 after acquiring an additional 30,400 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Arrive AI during the third quarter worth approximately $106,000. PharVision Advisers LLC purchased a new position in Arrive AI in the 3rd quarter valued at $60,000. Finally, Strs Ohio purchased a new position in Arrive AI in the 4th quarter valued at $40,000.

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.