Wednesday, March 3, 2021

ROTH Capital slashes price target on Arcimoto Inc. [FUV] – find out why.

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Arcimoto Inc. [NASDAQ: FUV] jumped around 4.99 points on Wednesday, while shares priced at $31.10 at the close of the session, up 19.11%. The company report on January 25, 2021 that Arcimoto to Acquire Tilting Motor Works.

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Patented tilting trike technology will serve as foundation for new Arcimoto products aimed at micromobility.


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Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, announced that it has reached an agreement to acquire Tilting Motor Works. Under the terms of the agreement, Arcimoto will acquire the assets of Tilting Motor Works for a combination of cash and Arcimoto shares in the range of $9.25 million to $10.25 million. The transaction, which is subject to customary closing conditions, is expected to close during the first quarter of 2021.

Arcimoto Inc. stock is now 135.07% up from its year-to-date (YTD) trading value. FUV Stock saw the intraday high of $31.30 and lowest of $26.50 per share. The company’s 52-week high price is 26.99, which means current price is +147.22% above from all time high which was touched on 02/03/21.

Compared to the average trading volume of 3.50M shares, FUV reached a trading volume of 3554246 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Arcimoto Inc. [FUV]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FUV shares is $10.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FUV stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH Capital have made an estimate for Arcimoto Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 20, 2020. While these analysts kept the previous recommendation, Aegis Capital raised their target price to Buy. The new note on the price target was released on June 25, 2020, representing the official price target for Arcimoto Inc. stock. Previously, the target price had yet another raise to $3.50, while Dougherty & Company analysts kept a Buy rating on FUV stock.

The Average True Range (ATR) for Arcimoto Inc. is set at 2.83, with the Price to Sales ratio for FUV stock in the period of the last 12 months amounting to 445.48. The Price to Book ratio for the last quarter was 39.37, with the Price to Cash per share for the same quarter was set at 0.47.

How has FUV stock performed recently?

Arcimoto Inc. [FUV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.90. With this latest performance, FUV shares gained by 134.36% in over the last four-week period, additionally plugging by 330.75% over the last 6 months – not to mention a rise of 1627.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FUV stock in for the last two-week period is set at 76.76, with the RSI for the last a single of trading hit 80.09, and the three-weeks RSI is set at 74.50 for Arcimoto Inc. [FUV]. The present Moving Average for the last 50 days of trading for this stock 16.21, while it was recorded at 24.89 for the last single week of trading, and 8.01 for the last 200 days.

Arcimoto Inc. [FUV]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Arcimoto Inc. [FUV] shares currently have an operating margin of -1463.30 and a Gross Margin at -266.64. Arcimoto Inc.’s Net Margin is presently recorded at -1553.04.

Return on Total Capital for FUV is now -107.53, given the latest momentum, and Return on Invested Capital for the company is -167.02. Return on Equity for this stock declined to -195.72, with Return on Assets sitting at -100.50. When it comes to the capital structure of this company, Arcimoto Inc. [FUV] has a Total Debt to Total Equity ratio set at 87.18. Additionally, FUV Total Debt to Total Capital is recorded at 46.58, with Total Debt to Total Assets ending up at 40.34. Long-Term Debt to Equity for the company is recorded at 15.50, with the Long-Term Debt to Total Capital now at 8.28.

Reflecting on the efficiency of the workforce at the company, Arcimoto Inc. [FUV] managed to generate an average of -$161,491 per employee. Receivables Turnover for the company is 8.08 with a Total Asset Turnover recorded at a value of 0.06.Arcimoto Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 7.60.

Earnings analysis for Arcimoto Inc. [FUV]

With the latest financial reports released by the company, Arcimoto Inc. posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FUV.

Insider trade positions for Arcimoto Inc. [FUV]

There are presently around $107 million, or 9.80% of FUV stock, in the hands of institutional investors. The top three institutional holders of FUV stocks are: VANGUARD GROUP INC with ownership of 801,210, which is approximately 16.229% of the company’s market cap and around 1.60% of the total institutional ownership; INVESCO LTD., holding 595,648 shares of the stock with an approximate value of $18.52 million in FUV stocks shares; and BLACKROCK INC., currently with $11.64 million in FUV stock with ownership of nearly 515.827% of the company’s market capitalization.

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Positions in Arcimoto Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 41 institutional holders increased their position in Arcimoto Inc. [NASDAQ:FUV] by around 1,929,109 shares. Additionally, 9 investors decreased positions by around 92,158 shares, while 4 investors held positions by with 1,426,764 shares. The mentioned changes placed institutional holdings at 3,448,031 shares, according to the latest SEC report filing. FUV stock had 27 new institutional investments in for a total of 1,165,352 shares, while 8 institutional investors sold positions of 87,671 shares during the same period.

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