Colliers Securities analyst Michael Shlisky maintained a Buy rating on Arcimoto (FUV) today and set a price target of $12.00. The company’s shares closed last Monday at $7.99.
According to TipRanks.com, Shlisky is a 4-star analyst with an average return of 19.9% and a 48.4% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Manitex International, and Alta Equipment Group.
Currently, the analyst consensus on Arcimoto is a Moderate Buy with an average price target of $15.50.
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Based on Arcimoto’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $607.1K and GAAP net loss of $6.18 million. In comparison, last year the company earned revenue of $943.4K and had a GAAP net loss of $4.33 million.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FUV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Arcimoto, Inc. engages in the design, development, manufacturing, and sales of electric vehicles. It also involves in building products that catalyze the shift to a sustainable transportation system. The company was founded by Mark Frohnmayer on November 21, 2007 and is headquartered in Eugene, OR.
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