Recent Analysts’ Ratings Updates for Arcimoto (FUV)

A number of research firms have changed their ratings and price targets for Arcimoto (NASDAQ: FUV):

  • 6/25/2020 – Arcimoto is now covered by analysts at Aegis. They set a “buy” rating and a $6.00 price target on the stock.
  • 6/23/2020 – Arcimoto was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “
  • 6/17/2020 – Arcimoto was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “
  • 6/16/2020 – Arcimoto was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $4.00 price target on the stock. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “
  • 6/15/2020 – Arcimoto had its price target raised by analysts at Roth Capital from $3.00 to $5.00. They now have a “buy” rating on the stock.
  • 6/2/2020 – Arcimoto was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “
  • 6/1/2020 – Arcimoto was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “
  • 5/25/2020 – Arcimoto was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “
  • 5/22/2020 – Arcimoto was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Arcimoto, Inc. develops and manufactures electric vehicles. The Company offers two-seat and three-wheeled electric vehicles. It also provides bicycles and automotive parts. Arcimoto, Inc. is based in Eugene, United States. “

Arcimoto stock traded up $0.62 during trading hours on Tuesday, reaching $7.82. The stock had a trading volume of 82,907 shares, compared to its average volume of 1,500,823. Arcimoto Inc has a 52 week low of $0.97 and a 52 week high of $8.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market cap of $187.45 million, a price-to-earnings ratio of -9.77 and a beta of 1.83. The business’s 50 day moving average price is $3.42 and its 200-day moving average price is $2.08.

Arcimoto (NASDAQ:FUV) last issued its earnings results on Thursday, June 11th. The company reported ($0.15) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.15). Arcimoto had a negative return on equity of 335.19% and a negative net margin of 990.51%. The firm had revenue of $0.62 million for the quarter, compared to analyst estimates of $1.01 million. On average, sell-side analysts forecast that Arcimoto Inc will post -0.49 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of FUV. BlackRock Inc. raised its position in shares of Arcimoto by 26.5% during the 1st quarter. BlackRock Inc. now owns 44,111 shares of the company’s stock worth $50,000 after acquiring an additional 9,234 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Arcimoto during the first quarter worth approximately $39,000. Finally, Greatmark Investment Partners Inc. acquired a new position in Arcimoto during the first quarter worth approximately $34,000. 1.46% of the stock is owned by institutional investors and hedge funds.

Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.

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