Arcimoto Inc. (NASDAQ:FUV) stock’s Relative Strength Index (RSI) is 63.80, with weekly volatility at 14.99% and ATR at 1.80. The FUV stock’s 52-week price range has touched low of $0.97 and a $20.20 high. Its shares traded higher over the last trading session, gaining 17.70% on 12/08/20. The shares fell to a low of $11.746 before closing at $13.83. Intraday shares traded counted 6.69 million, which was -218.34% lower than its 30-day average trading volume of 2.10M. FUV’s previous close was $11.75 while the outstanding shares total 31.68M.
Investors have identified the Recreational Vehicles company Arcimoto Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $496.77 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Arcimoto Inc. (FUV) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 24.42 million total, with 3.23 million as their total liabilities.
FUV were able to record -12.05 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 11.14 million. In cash movements, the company had a total of -10.95 million as operating cash flow.
Potential earnings growth for Arcimoto Inc. (FUV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, Arcimoto Inc. recorded a total of 0.68 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 95.18% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 60.67%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.05 million trying to sell their products during the last quarter, with the result yielding a gross income of -1.36 million. This allows shareholders to hold on to 31.68M with the recently reported earning now reading -0.15 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-0.15 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.45 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FUV sounds very interesting.
Is the stock of FUV attractive?
In related news, Director, Eisler Jesse Grant sold 10,000 shares of the company’s stock in a transaction that recorded on Oct 21. The sale was performed at an average price of 6.33, for a total value of 63,278. As the sale deal closes, the Director, Eisler Jesse Grant now sold 10,000 shares of the company’s stock, valued at 70,000. Also, Chief Operating Officer, Becker Terry L sold 18,436 shares of the company’s stock in a deal that was recorded on Aug 27. The shares were price at an average price of 6.34 per share, with a total market value of 116,873. Following this completion of acquisition, the Chief Operating Officer, Becker Terry L now holds 61,564 shares of the company’s stock, valued at 402,758. In the last 6 months, insiders have changed their ownership in shares of company stock by 23.00%.
4 out of 6 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Arcimoto Inc.. 0 analysts has assigned a Sell rating on the FUV stock. The 12-month mean consensus price target for the company’s shares has been set at $10.08.