Analysts Update Their Price Forecasts For Arcimoto Inc. (FUV)

Invesco Capital Management LLC has recently announced that it has increased stake in Arcimoto Inc. (NASDAQ:FUV) by 97.95%. After grabbing 0.16 million shares, the institutional investor is now in possession of 78483.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.31% having worth around $1.18 million. Moreover, The Vanguard Group, Inc. increased its share by 3149.0 to have a control over 75838.0 shares. And National Bank of Canada Financial raised its holdings to 19950.0 shares by acquiring 22400.0 shares or 0.04% of the stake.

Arcimoto Inc. (FUV) concluded trading on 01/11/23 at a closing price of $4.43, with 0.83 million shares of worth about $3.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -92.97% during that period and on Wednesday the price saw a gain of about 22.38%. Currently the company’s common shares owned by public are about 2.25M shares, out of which, 2.20M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the FUV stock and their offered price forecasts bring an average price target of $10.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.00 and could fall to a lowest price of $9.00. The stock’s current price level is 95.08% above of average price target set by the analysts, while a rise to estimated low would result in gain of 50.78% for the stock. However, touching the estimated high of $11.00 would mean a gain of 59.73% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Invesco WilderHill Clean Energy E, Etho Climate Leadership US ETF, and Dimensional US Small Cap ETF are the top 3 mutual funds which are holding stakes in Arcimoto Inc. Invesco WilderHill Clean Energy E is currently holding 0.15 million shares of worth totaling $1.12 million. The company recently came selling 2025.0 shares which brought its stake up to 771.27% of the company’s outstanding shares. Dimensional US Small Cap ETF, after buying 3474.0 shares, have now control over 17.87% of the stake in the company. It holds 0.0 shares of worth $25881.0.

Arcimoto Inc. (NASDAQ: FUV) started trading at $3.66, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 4.4708, or with a gain of 22.38%. Stock saw a price change of 4.24% in past 5 days and over the past one month there was a price change of 5.23%. Year-to-date (YTD), FUV shares are showing a performance of 34.24% which decreased to -96.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.55 but also hit the highest price of $156.40 during that period. The average intraday trading volume for Arcimoto Inc. shares is 126.11K. The stock is currently trading 23.99% above its 20-day simple moving average (SMA20), while that difference is down -39.22% for SMA50 and it goes to -90.68% lower than SMA200.

Invesco Capital Management LLC acquired 0.16 million shares of Arcimoto Inc. having value of about $1.18 million. Data submitted at the U.S SEC by Invesco Capital Management LLC revealed that the firm now holds 78483.0 shares in the company valued at close to $347679.69, or have control over 97.95% stake in the company. Arcimoto Inc. (NASDAQ: FUV) currently have 2.25M outstanding shares and institutions hold larger chunk of about 16.00% of that. Holding of mutual funds in the company is about -846.43% while other institutional holders and individual stake holders have control over 847.25% and — of the stake respectively.

The stock has a current market capitalization of $13.69M and its 3Y-monthly beta is at 2.38. It has posted earnings per share of -$35.37 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FUV, volatility over the week remained 15.74% while standing at 15.58% over the month.

Analysts are in expectations that Arcimoto Inc. (FUV) stock would likely to be making an EPS of -$0.3 in the current quarter, while forecast for next quarter EPS is -$0.27 and it is -$0.85 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.39 which is -$0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -104.40% while it is estimated to increase by 43.80% in next year.

Analysts at 2 brokerage firms have issued recommendations for the Arcimoto Inc. (FUV)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Coverage by Alliance Global Partners stated Arcimoto Inc. (FUV) stock as a Buy in their note to investors on September 10, 2021, suggesting a price target of $18 for the stock. On April 01, 2021, H.C. Wainwright Downgrade their recommendations, while on August 20, 2020, ROTH Capital Downgrade their ratings for the stock with a price target of $8. Stock get a Buy rating from Aegis Capital on June 25, 2020.