Arcimoto (FUV) to Release Earnings on Monday

Arcimoto (NASDAQ:FUVGet Rating) will post its quarterly earnings results after the market closes on Monday, November 14th. Analysts expect Arcimoto to post earnings of ($0.39) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Arcimoto (NASDAQ:FUVGet Rating) last announced its earnings results on Monday, August 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). Arcimoto had a negative return on equity of 115.26% and a negative net margin of 1,350.24%. The company had revenue of $1.50 million during the quarter, compared to the consensus estimate of $1.40 million. On average, analysts expect Arcimoto to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Arcimoto Trading Up 17.8 %

Shares of NASDAQ FUV opened at $0.64 on Friday. Arcimoto has a 1-year low of $0.50 and a 1-year high of $11.96. The company has a market cap of $29.71 million, a PE ratio of -0.37 and a beta of 2.29. The company has a current ratio of 2.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $1.18 and a two-hundred day moving average of $2.53.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Alliance Global Partners dropped their target price on shares of Arcimoto to $7.00 in a research note on Tuesday, September 6th. Dawson James downgraded shares of Arcimoto from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 6th.

Institutional Investors Weigh In On Arcimoto

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG grew its holdings in Arcimoto by 108.9% during the third quarter. UBS Group AG now owns 23,205 shares of the company’s stock valued at $32,000 after purchasing an additional 283,769 shares during the period. JPMorgan Chase & Co. grew its holdings in Arcimoto by 27.6% during the first quarter. JPMorgan Chase & Co. now owns 13,472 shares of the company’s stock valued at $89,000 after purchasing an additional 2,911 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Arcimoto by 85.9% during the second quarter. Cubist Systematic Strategies LLC now owns 29,332 shares of the company’s stock valued at $96,000 after purchasing an additional 13,557 shares during the period. Renaissance Technologies LLC acquired a new position in Arcimoto during the first quarter valued at approximately $142,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Arcimoto during the first quarter valued at approximately $153,000. 20.82% of the stock is owned by institutional investors.

About Arcimoto

(Get Rating)

Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution to get goods where they need to go; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.

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Earnings History for Arcimoto (NASDAQ:FUV)

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