In a recent bid Arcimoto Inc. [FUV] faced a contemporary bid of $7.31 yielding a 16.40% incline where 2.21 million shares have exchanged hands over the last week. FUV amount got a boost by 9.76% or $0.65 versus $6.66 at the end of the prior session. This change led market cap to move at 229.31M, putting the price 656.65% below the 52-week high and -17.77% above the 52-week low. The company’s stock has a normal trading capacity of 2.21 million shares while the relative volume is 2.18.
On 17, September 2020, Arcimoto Teams With Baltimore-Maryland 2026 World Cup Host Committee to Bring 2026 FIFA World Cup and Sustainable Transportation to Baltimore. According to news published on Yahoo Finance, Arcimoto, Inc.® (NASDAQ: FUV), makers of the Fun Utility Vehicle® (FUV®), Rapid Responder™, and Deliverator™—affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets—today announced that it has teamed with the Baltimore-Maryland 2026 World Cup Host Committee in order to promote Baltimore as a host city for the upcoming 2026 FIFA World Cup.
Analyst Birdseye View:
The most recent analyst activity for Arcimoto Inc. [NASDAQ:FUV] stock was on June 25, 2020, when it was Initiated with a Buy rating from Aegis Capital, which also raised its 12-month price target on the stock to $6. Before that, on August 20, 2020, ROTH Capital Recapitulated a Neutral rating and elevated its amount target to $8. On December 12, 2019, Dougherty & Company Initiated a Buy rating and boosted its price target on this stock to $3.50. On November 01, 2018, ROTH Capital Initiated a Buy rating.
In the past 52 weeks of trading, this stock has oscillated between a low of $0.97 and a peak of $8.89. Right now, the middling Wall Street analyst 12-month amount mark is $8.00. At the most recent market close, shares of Arcimoto Inc. [NASDAQ:FUV] were valued at $7.31. According to the average price forecast, investors can expect a potential return of 3.13%.
Arcimoto Inc. [NASDAQ:FUV] most recently reported quarterly sales of 268.5 million, which represented growth of 3054.10%. This publicly-traded organization’s revenue is $10,398 per employee, while its income is -$161,491 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -100.50, -195.72, -107.53 and -167.02 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 46.58 and the whole liability to whole assets at 40.34. It shows enduring liability to the whole principal at 8.28 and enduring liability to assets at 0.07 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 6.89 points at 1st support level, the second support level is making up to 6.48. But as of 1st resistance point, this stock is sitting at 7.61 and at 7.92 for 2nd resistance point.
Arcimoto Inc. [FUV] reported its earnings at -$0.15 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.11/share signifying the difference of -0.04 and -36.40% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.15 calling estimates for -$0.17/share with the difference of 0.02 depicting the surprise of 11.80%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Arcimoto Inc. [NASDAQ:FUV] is 4.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.78. Now if looking for a valuation of this stock’s amount to sales ratio it’s 29.55 and it’s amount to book ratio is 5.17.
The most recent insider trade was by Eisler Jesse Grant, Director, and it was the sale of 10000.0 shares on Oct 12. Becker Terry L, the Chief Operating Officer, completed a sale of 18436.0 shares on Aug 27. On Aug 26, Becker Terry L, Chief Operating Officer, completed a sale of 61564.0 shares.