Arcimoto (FUV) Receives a Hold from H.C. Wainwright


In a report released today, Amit Dayal from H.C. Wainwright maintained a Hold rating on Arcimoto (FUV). The company’s shares closed last Monday at $7.99.

According to TipRanks.com, Dayal is a top 25 analyst with an average return of 56.0% and a 52.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Westport Fuel Systems, and Ceco Environmental.

Arcimoto has an analyst consensus of Moderate Buy, with a price target consensus of $18.00.

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Arcimoto’s market cap is currently $285.8M and has a P/E ratio of -12.60. The company has a Price to Book ratio of 6.07.

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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