$780,000.00 in Sales Expected for Arcimoto, Inc. (NASDAQ:FUV) This Quarter

Equities analysts forecast that Arcimoto, Inc. (NASDAQ:FUVGet Rating) will announce $780,000.00 in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Arcimoto’s earnings. The lowest sales estimate is $150,000.00 and the highest is $1.80 million. Arcimoto reported sales of $1.39 million in the same quarter last year, which suggests a negative year over year growth rate of 43.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Arcimoto will report full year sales of $11.20 million for the current fiscal year, with estimates ranging from $5.31 million to $18.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $99.73 million, with estimates ranging from $29.45 million to $170.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Arcimoto.

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

Separately, Dawson James initiated coverage on shares of Arcimoto in a research report on Tuesday, March 15th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.00.

FUV opened at $4.10 on Friday. The stock has a market capitalization of $157.60 million, a P/E ratio of -3.15 and a beta of 2.60. Arcimoto has a 12 month low of $3.09 and a 12 month high of $18.77. The firm’s fifty day simple moving average is $5.34 and its 200 day simple moving average is $7.23. The company has a current ratio of 3.49, a quick ratio of 2.57 and a debt-to-equity ratio of 0.04.

Large investors have recently modified their holdings of the business. Invesco Ltd. raised its holdings in shares of Arcimoto by 6.3% in the 4th quarter. Invesco Ltd. now owns 2,271,384 shares of the company’s stock valued at $17,671,000 after purchasing an additional 133,993 shares during the period. BlackRock Inc. raised its holdings in shares of Arcimoto by 1.5% in the 4th quarter. BlackRock Inc. now owns 1,800,634 shares of the company’s stock valued at $14,008,000 after purchasing an additional 26,294 shares during the period. Vanguard Group Inc. raised its holdings in shares of Arcimoto by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 1,611,736 shares of the company’s stock valued at $10,654,000 after purchasing an additional 197,874 shares during the period. Geode Capital Management LLC raised its holdings in shares of Arcimoto by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 575,901 shares of the company’s stock valued at $4,480,000 after purchasing an additional 34,730 shares during the period. Finally, State Street Corp raised its holdings in shares of Arcimoto by 5.6% in the 4th quarter. State Street Corp now owns 543,105 shares of the company’s stock valued at $4,225,000 after purchasing an additional 28,659 shares during the period. 24.66% of the stock is currently owned by hedge funds and other institutional investors.

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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