In last trading session, Arcimoto, Inc. (NASDAQ:FUV) saw 1,251,224 shares changing hands with its beta currently measuring 2.58. Company’s recent per share price level of $11.13 trading at -$0.74 or -6.23% at ring of the bell on the day assigns it a market valuation of $397.99 Million. That closing price of FUV’s stock is at a discount of -230.64% from its 52-week high price of $36.8 and is indicating a premium of 89.4% from its 52-week low price of $1.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.3 Million shares which gives us an average trading volume of 2.48 Million if we extend that period to 3-months.
For Arcimoto, Inc. (FUV), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.3. Splitting up the data highlights that, out of 5 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.12 in the current quarter.
Arcimoto, Inc. (NASDAQ:FUV) trade information
In the face of being in the red during last session for losing -6.23%, in the last five days FUV remained trading in the green while hitting it’s week-highest on Friday, Apr 09 when the stock touched $12.61- price level, adding 11.74% to its value on the day. Arcimoto, Inc.’s shares saw a change of -15.87% in year-to-date performance and have moved -12.02% in past 5-day. Arcimoto, Inc. (NASDAQ:FUV) showed a performance of -44.24% in past 30-days. Number of shares sold short was 7.19 Million shares which calculate 2.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.67 to the stock, which implies a rise of 31.81% to its current value. Analysts have been projecting $8 as a low price target for the stock while placing it at a high target of $19. It follows that stock’s current price would jump +70.71% in reaching the projected high whereas dropping to the targeted low would mean a loss of -28.12% for stock’s current value.
Arcimoto, Inc. (FUV) estimates and forecasts
Statistics highlight that Arcimoto, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +67.12% of value to its shares in past 6 months, showing an annual growth rate of -25.4% while that of industry is 27.4. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 20% in the current quarter and calculating 20% increase in the next quarter. This year revenue growth is estimated to rise 406.9% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.41 Million for the same. And 4 analysts are in estimates of company making revenue of $2.12 Million in the next quarter that will end on June 01, 2021. Company posted $617Million and $269Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 128.5% while estimating it to be 688.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -52.3% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 25.1% while estimates for its earnings growth in next 5 years are of 0%
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Arcimoto, Inc. (NASDAQ:FUV)’s Major holders
Insiders are in possession of 23.66% of company’s total shares while institution are holding 23.32% percent of that, with stock having share float percentage of 30.54%. Investors also watch the number of corporate investors in a company very closely, which is 69 institutions for Arcimoto, Inc. that are currently holding shares of the company. Invesco Ltd. is the top institutional holder at FUV for having 2.76 Million shares of worth $36.58 Million. And as of December 30, 2020, it was holding 7.73% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 1.06 Million shares on December 30, 2020. The number of shares represents firm’s hold over 2.96% of outstanding shares, having a total worth of $14.01 Million.
On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2021, the former fund manager was holding 2286656 shares of worth $30.25 Million or 6.39% of the total outstanding shares. The later fund manager was in possession of 585.79 Thousand shares on December 30, 2020, making its stake of worth around $7.75 Million in the company or a holder of 1.64% of company’s stock.