Arcimoto – Consensus Indicates Potential -23.8% Downside

Broker Ratings

Arcimoto with ticker code (FUV) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 20 and 3.5 with a mean TP of 10.08. Given that the stocks previous close was at 13.23 this is indicating there is a potential downside of -23.8%. The 50 day MA is 13.23 while the 200 day moving average is 7.91. The company has a market capitalisation of $452m. You can visit the company’s website by visiting: http://www.arcimoto.com

Arcimoto designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fun Utility Vehicle; Rapid Responder for a specialized emergency, security, and law enforcement services; and Deliverator for delivery of goods. The company was formerly known as WTP Incorporated and changed its name to Arcimoto in December 2011. Arcimoto was founded in 2007 and is headquartered in Eugene, Oregon.

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