Arcimoto with ticker code (FUV) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 19 and 8 with the average target price sitting at 14.25. With the stocks previous close at 12.02 this is indicating there is a potential upside of 18.6%. The 50 day MA is 13.85 and the 200 day moving average is 13.35. The company has a market cap of $430m. Company Website: http://www.arcimoto.com
Arcimoto designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience comfort for two passengers with cargo, parking, and operation. The company’s products also comprise 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. The company was formerly known as WTP Incorporated and changed its name to Arcimoto in December 2011. Arcimoto was incorporated in 2007 and is headquartered in Eugene, Oregon.