For Arcimoto Inc. [FUV], Analyst sees a rise to $8. What next?

Arcimoto Inc. [NASDAQ: FUV] traded at a high on 03/09/21, posting a 23.08 gain after which it closed the day’ session at $18.24. The company report on March 5, 2021 that Arcimoto To Debut Roadster Prototype at 80th Annual Daytona Bike Week.

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Arcimoto’s ultimate on-road fun machine will be on display at Corbin-Pacific during the world’s largest motorcycle rally.

Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, announced that it will debut the Roadster Prototype at the 80th Annual Daytona Bike Week, the world’s largest motorcycle rally.

The results of the trading session contributed to over 2492583 shares changing hands. Over the past one week, the price volatility of Arcimoto Inc. stands at 18.00% while the volatility over the past one month is 14.24%.

The market cap for FUV stock reached $658.65 million, with 31.68 million shares outstanding and 26.21 million shares in the current float. Compared to the average trading volume of 2.70M shares, FUV reached a trading volume of 2492583 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 3.10, with the Price to Sales ratio for FUV stock in the period of the last 12 months amounting to 263.46. The Price to Book ratio for the last quarter was 23.09, 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.30. With this latest performance, FUV shares dropped by -42.77% in over the last four-week period, additionally plugging by 249.43% over the last 6 months – not to mention a rise of 1140.82% 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 45.55, with the RSI for the last a single of trading hit 46.29, and the three-weeks RSI is set at 47.03 for Arcimoto Inc. [FUV]. The present Moving Average for the last 50 days of trading for this stock 20.44, while it was recorded at 16.12 for the last single week of trading, and 10.37 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 $104 million, or 20.60% of FUV stock, in the hands of institutional investors. The top three institutional holders of FUV stocks are: INVESCO LTD. with ownership of 2,764,719, which is approximately 364.153% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 1,059,235 shares of the stock with an approximate value of $15.7 million in FUV stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $9.17 million in FUV stock with ownership of nearly 2794.579% of the company’s market capitalization.

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Positions in Arcimoto Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 43 institutional holders increased their position in Arcimoto Inc. [NASDAQ:FUV] by around 4,510,638 shares. Additionally, 21 investors decreased positions by around 796,259 shares, while 5 investors held positions by with 1,737,133 shares. The mentioned changes placed institutional holdings at 7,044,030 shares, according to the latest SEC report filing. FUV stock had 29 new institutional investments in for a total of 1,132,350 shares, while 13 institutional investors sold positions of 721,206 shares during the same period.

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