Arcimoto (FUV) to Release Quarterly Earnings on Monday

Arcimoto (NASDAQ:FUV – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, May 16th. Analysts expect Arcimoto to post earnings of ($0.35) per share for the quarter.

Arcimoto (NASDAQ:FUV – Get Rating) last posted its quarterly earnings results on Thursday, March 31st. The company reported ($0.63) EPS for the quarter. Arcimoto had a negative net margin of 996.96% and a negative return on equity of 68.12%. The business had revenue of $1.16 million during the quarter. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, analysts expect Arcimoto to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ FUV opened at $3.82 on Thursday. Arcimoto has a one year low of $3.09 and a one year high of $18.77. The company has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $7.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.57 and a current ratio of 3.49. The firm has a market capitalization of $146.85 million, a PE ratio of -2.94 and a beta of 2.60.

A number of institutional investors have recently bought and sold shares of FUV. LPL Financial LLC boosted its stake in Arcimoto by 62.4% during the 3rd quarter. LPL Financial LLC now owns 54,772 shares of the company’s stock valued at $626,000 after purchasing an additional 21,052 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Arcimoto by 389.6% during 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 period. Bank of New York Mellon Corp raised its position in shares of Arcimoto by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 90,206 shares of the company’s stock worth $1,031,000 after buying an additional 11,361 shares in the last quarter. Bank of America Corp DE raised its position in shares of Arcimoto by 97.7% during the 4th quarter. Bank of America Corp DE now owns 37,213 shares of the company’s stock worth $289,000 after buying an additional 18,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Arcimoto by 15.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 79,032 shares of the company’s stock worth $615,000 after buying an additional 10,720 shares in the last quarter. 24.66% of the stock is owned by hedge funds and other institutional investors.

Separately, Dawson James started coverage on shares of Arcimoto in a report on Tuesday, March 15th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Arcimoto Company Profile (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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