Prepare Yourself for Liftoff: Arcimoto Inc. (FUV)

Arcimoto Inc. (NASDAQ: FUV) stock fell -3.57% on Monday to $2.16 against a previous-day closing price of $2.24. With 1.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.36 million shares. During the session, the Recreational Vehicles company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.2400 whereas the lowest price it dropped to was $2.1100. The 52-week range on FUV shows that it touched its highest point at $156.40 and its lowest point at $2.10 during that stretch. It currently has a 1-year price target of $90.00. Beta for the stock currently stands at 2.36.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FUV was down-trending over the past week, with a drop of -53.65%, but this was down by -44.76% over a month. Three-month performance dropped to -85.84% while six-month performance fell -96.26%. The stock lost -98.43% in the past year, while it has lost -34.55% so far this year. A look at the trailing 12-month EPS for FUV yields -35.37 with Next year EPS estimates of -15.28. For the next quarter, that number is -5.33. This implies an EPS growth rate of -104.40% for this year and 43.80% for next year.

Float and Shares Shorts:

At present, 2.25 million FUV shares are outstanding with a float of 2.20 million shares on hand for trading. On Oct 13, 2022, short shares totaled 11.32 million, which was 25.00% higher than short shares on Sep 14, 2022. In addition to Mr. Mark D. Frohnmayer as the firm’s Founder, Chairman & Chief Vision Officer, Mr. Douglas M. Campoli serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 18.26% of FUV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.26% of FUV, in contrast to 0.24% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in FUV with 0.15% of the stake, The Vanguard Group, Inc. holds 75,838 shares worth 75,838. A second-largest stockholder of FUV, BlackRock Fund Advisors, holds 25,381 shares, controlling over 0.05% of the firm’s shares. National Bank of Canada Financial is the third largest shareholder in FUV, holding 22,400 shares or 0.04% stake. With a 0.11% stake in FUV, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 54,305 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.04% of FUV stock, is the second-largest Mutual Fund holder. It holds 19,661 shares valued at 64881.0. Fidelity Extended Market Index Fu holds 0.02% of the stake in FUV, owning 7,986 shares worth 26354.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FUV since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FUV analysts setting a high price target of $11.00 and a low target of $9.00, the average target price over the next 12 months is $10.00. Based on these targets, FUV could surge 409.26% to reach the target high and rise by 316.67% to reach the target low. Reaching the average price target will result in a growth of 362.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FUV will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$23.60 being high and -$24.21 being low. For FUV, this leads to a yearly average estimate of -$23.91. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Arcimoto Inc. surprised analysts by -$0.87 when it reported -$7.60 EPS against a consensus estimate of -$6.73. The surprise factor in the prior quarter was -$2.64. Based on analyst estimates, the high estimate for the next quarter is -$2.80 and the low estimate is -$6.17. The average estimate for the next quarter is thus -$4.49.

Summary of Insider Activity:

Insiders traded FUV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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