Equities research analysts expect Arcimoto Inc (NASDAQ:FUV) to report $3.53 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Arcimoto’s earnings. The lowest sales estimate is $50,000.00 and the highest is $7.00 million. Arcimoto posted sales of $90,000.00 during the same quarter last year, which suggests a positive year-over-year growth rate of 3,822.2%. The business is scheduled to issue its next earnings results on Friday, March 29th.
According to Zacks, analysts expect that Arcimoto will report full-year sales of $33.04 million for the current financial year, with estimates ranging from $140,000.00 to $98.78 million. For the next year, analysts expect that the company will report sales of $20.41 million, with estimates ranging from $4.70 million to $28.54 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Arcimoto.
Arcimoto (NASDAQ:FUV) last released its quarterly earnings data on Friday, November 16th. The company reported ($0.20) earnings per share for the quarter, hitting the consensus estimate of ($0.20). The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.22 million. Arcimoto had a negative return on equity of 71.99% and a negative net margin of 5,067.42%.
FUV has been the subject of several recent analyst reports. Chardan Capital initiated coverage on Arcimoto in a research report on Wednesday, November 28th. They issued a “buy” rating for the company. Roth Capital initiated coverage on Arcimoto in a research report on Thursday, November 1st. They issued a “buy” rating and a $9.00 target price for the company.
Shares of FUV traded up $0.04 during trading hours on Monday, hitting $3.29. 19,140 shares of the company were exchanged, compared to its average volume of 27,716. The firm has a market cap of $48.09 million, a PE ratio of -13.71 and a beta of -0.53. The company has a quick ratio of 3.18, a current ratio of 4.46 and a debt-to-equity ratio of 0.18. Arcimoto has a one year low of $1.55 and a one year high of $5.32.
In other Arcimoto news, Director Jeff Curl bought 25,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was acquired at an average price of $3.00 per share, with a total value of $75,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Frohnmayer bought 139,903 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was acquired at an average cost of $3.00 per share, with a total value of $419,709.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 165,913 shares of company stock valued at $497,739. 56.30% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Arcimoto stock. Vanguard Group Inc boosted its position in shares of Arcimoto Inc (NASDAQ:FUV) by 85.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,315 shares of the company’s stock after purchasing an additional 16,285 shares during the period. Vanguard Group Inc owned 0.25% of Arcimoto worth $131,000 at the end of the most recent reporting period. Institutional investors own 1.50% of the company’s stock.
Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.
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