Arcimoto found using ticker (FUV) now have 4 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 19 and 10 calculating the average target price we see 14.5. Now with the previous closing price of 5.89 this indicates there is a potential upside of 146.2%. The day 50 moving average is 6.39 and the 200 day MA is 10.78. The market capitalisation for the company is $271m. Company Website: https://www.arcimoto.com
The potential market cap would be $667m based on the market concensus.
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 orporated and changed its name to Arcimoto in December 2011. Arcimoto was orporated in 2007 and is headquartered in Eugene, Oregon.
