Arcimoto, Inc. (NASDAQ:FUV) Expected to Post Earnings of -$0.35 Per Share

Analysts predict that Arcimoto, Inc. (NASDAQ:FUVGet Rating) will report earnings of ($0.35) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arcimoto’s earnings, with the highest EPS estimate coming in at ($0.26) and the lowest estimate coming in at ($0.44). Arcimoto reported earnings of ($0.13) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 169.2%. The firm is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Arcimoto will report full-year earnings of ($1.24) per share for the current financial year, with EPS estimates ranging from ($1.73) to ($0.96). For the next financial year, analysts forecast that the company will report earnings of ($0.49) per share, with EPS estimates ranging from ($0.83) to ($0.14). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Arcimoto.

Arcimoto (NASDAQ:FUVGet Rating) last released its earnings results on Thursday, March 31st. The company reported ($0.63) EPS for the quarter. The company had revenue of $1.16 million for the quarter. Arcimoto had a negative return on equity of 68.12% and a negative net margin of 996.96%. During the same period in the prior year, the company earned ($0.19) earnings per share.

A number of analysts have recently commented on the stock. Dawson James assumed coverage on shares of Arcimoto in a research note on Tuesday, March 15th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Arcimoto from a “sell” rating to a “hold” rating in a research note on Wednesday, January 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Arcimoto by 389.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,165 shares of the company’s stock valued at $59,000 after purchasing an additional 4,110 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Arcimoto in the 4th quarter valued at about $75,000. SG Americas Securities LLC acquired a new position in shares of Arcimoto in the 3rd quarter worth approximately $107,000. Virtu Financial LLC acquired a new position in shares of Arcimoto in the 4th quarter worth approximately $110,000. Finally, Vident Investment Advisory LLC lifted its holdings in shares of Arcimoto by 39.7% in the 4th quarter. Vident Investment Advisory LLC now owns 14,227 shares of the company’s stock worth $111,000 after acquiring an additional 4,041 shares during the last quarter. 23.38% of the stock is owned by institutional investors.

FUV stock opened at $3.92 on Friday. The stock has a market capitalization of $149.85 million, a P/E ratio of -3.02 and a beta of 2.37. The firm has a 50-day simple moving average of $5.96 and a 200-day simple moving average of $7.90. The company has a quick ratio of 2.57, a current ratio of 3.49 and a debt-to-equity ratio of 0.04. Arcimoto has a 52 week low of $3.68 and a 52 week high of $18.77.

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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