Arrive AI’s (ARAI) Sell (E-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e-) rating on shares of Arrive AI (NASDAQ:ARAI) in a research report released on Friday,Weiss Ratings reports.

Arrive AI Price Performance

ARAI opened at $5.42 on Friday. Arrive AI has a 52 week low of $3.03 and a 52 week high of $40.00. The business’s fifty day moving average price is $4.56. The stock has a market cap of $179.02 million and a P/E ratio of -45.17.

Arrive AI (NASDAQ:ARAI) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.09 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new position in shares of Arrive AI in the 2nd quarter valued at $793,000. Rockefeller Capital Management L.P. purchased a new position in shares of Arrive AI in the 2nd quarter valued at $607,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Arrive AI in the 2nd quarter valued at $543,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Arrive AI in the 2nd quarter valued at $133,000.

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.