Streetbeat News

ARVL

Arrival

https://arrival.com/us/en

CEO

Michael Ableson

Employees

1,861

Industry

Automobile Manufacturing

Arrival Ltd is a British electric vehicle manufacturer headquartered in London, UK, of primarily lightweight commercial vehicles.

Open

0.59

Mkt cap

Volume

2.3M

High

0.68

P/E Ratio

-0.07

52-wk high

21.75

Low

0.48

Div yield

N/A

52-wk low

0.48

This week in the EV sector, Tesla faced a court verdict invalidating Elon Musk's compensation plan and recalled 2.2 million vehicles. Ford reported a decline in EV sales, while Lucid's stock surged 25% on positive news. Canoo expanded its fleet with Zeeba, and Arrival was delisted from Nasdaq. The KraneShares EV ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 1:40 pm

Arrival SA (NASDAQ:ARVL), an electric van maker, has received a notice from Nasdaq about the suspension of trading and delisting of its securities. The notice was received on January 26, with the suspension set for January 30. Arrival is in talks with EY for potential administration if it fails to secure rescue funding. The company ended the first half of 2023 with $43 million in cash and a loss of $155.7 million. Its market cap has plummeted to $13.6 million, a stark contrast to its $5.4 billion valuation at its public debut in March 2021. Arrival's stock dropped 33.7% to $0.49 on the day of the announcement.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 5:57 am

Panbela Therapeutics, Inc. (NASDAQ:PBLA) shares plummeted by 65.5% to $1.47 after announcing a public offering priced at approximately $9 million. Other stocks experienced significant movements in Monday's mid-day session, with various companies showing notable gains and losses. Gainers included Palisade Bio, Inc. (NASDAQ:PALI), OneMedNet Corporation (NASDAQ:ONMD), and Revelation Biosciences, Inc. (NASDAQ:REVB), among others. Losers featured SMX (Security Matters) Public Limited Company (NYSE:SMX), Inspire Veterinary Partners, Inc. (NASDAQ:IVP), and Bullfrog AI Holdings, Inc. (NASDAQ:BFRG), among others.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 7:09 pm

U.S. stocks saw a slight increase with the Dow Jones gaining around 25 points. Amazon (AMZN) and iRobot (IRBT) mutually agreed to terminate their $1.7 billion merger deal, which would have allowed Amazon to invest in iRobot's innovation and support in reducing product prices. Other stocks mentioned include Palisade Bio (PALI), OneMedNet Corporation (ONMD), Revelation Biosciences (REVB), Panbela Therapeutics (PBLA), Arrival (ARVL), and SMX (Security Matters) Public Limited Company (SMX), with varying degrees of price movements.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 2:48 pm

Electric vehicle manufacturer Arrival SA (NASDAQ:ARVL) is reportedly close to bankruptcy and in talks with EY for potential administration. The company's shares have dropped nearly 96% over the past year. Arrival ended the first half of 2023 with $43 million in cash and a loss of $155.7 million. The company's market cap is now around $21 million, down from a valuation of $5.4 billion at its public debut in March 2021 through a SPAC merger. Shares closed at $0.92, down nearly 20% on Monday.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 4:48 am

Arrival's stock price is trading lower due to a report by Sky News indicating that the company is considering appointing EY as an administrator in the event it fails to obtain necessary rescue funding.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:36 pm

Arrival, an electric van maker listed on Nasdaq, is nearing insolvency and in talks with EY for potential administration if it fails to secure rescue funding. The company's shares have dropped by 95% over the past year, and it faces delisting due to non-compliance with Nasdaq's listing rules. Arrival went public via a SPAC merger in 2021 with a valuation of $5.4bn but now has a market cap of just over $20m. It has not yet started commercial production of its vehicles and has been reducing its workforce.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:33 pm

Electric vehicle stocks, including Tesla, Rivian, and Fisker, faced challenges this week with Tesla's price cuts and Elon Musk's demand for more control, Rivian's downgrade by Deutsche Bank, and Fisker's probe into braking issues. Tesla's price adjustments and Musk's comments may affect investor sentiment ahead of earnings, while Rivian's downgrade reflects concerns over future losses and production issues. Fisker is cooperating with a federal probe into braking issues but asserts its systems meet requirements. The KraneShares Electric Vehicles ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

January 20, 2024 | 2:04 pm

Electric vehicle stocks, including Tesla, Lucid Group, and XPeng, faced declines amid investor concerns over Tesla's price cuts in China and a bearish EV market. Tesla's refreshed Model 3 launched in North America, but price reductions in China may lead to lower earnings estimates. Hertz plans to sell a portion of its EV fleet to reinvest in ICE vehicles, reversing its previous EV-focused strategy. Lucid reported lower Q4 production and deliveries year-over-year. XPeng showcased a flying car at CES 2024 and plans to open pre-orders in Q4. Canoo acquired manufacturing assets at a discount but saw its stock fall. Honda unveiled '0' series concept EVs at CES with a potential North American launch in 2026. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) also dropped.

Portfolio Pulse from Shanthi Rexaline

January 13, 2024 | 2:03 pm

Electric vehicle stocks fell in the week ending Jan. 5, with Tesla's Q4 deliveries exceeding expectations but not enough to lift the sector. Tesla lost its global EV leader status to BYD, faced a recall in China, and will provide 2024 guidance on Jan. 24. Rivian's Q4 deliveries slightly missed estimates, while Fisker adopted a dealer distribution model. Ford adjusted F-150 Lightning prices, and GM plans to compensate buyers for lost EV tax credits. The KraneShares Electric Vehicles ETF fell by 5.53% for the week.

Portfolio Pulse from Shanthi Rexaline

January 06, 2024 | 2:59 pm

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