Roth Capital Initiates Coverage on Arcimoto (FUV)

Roth Capital began coverage on shares of Arcimoto (NASDAQ:FUV) in a research report released on Thursday morning, reports. The firm issued a buy rating and a $9.00 price target on the stock.

Shares of NASDAQ:FUV opened at $3.06 on Thursday. The company has a market cap of $49.01 million, a PE ratio of -12.75 and a beta of 0.25. Arcimoto has a 12-month low of $2.26 and a 12-month high of $5.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.37 and a quick ratio of 7.26.

Arcimoto (NASDAQ:FUV) last released its quarterly earnings data on Tuesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $0.17 million. As a group, sell-side analysts predict that Arcimoto will post -0.66 earnings per share for the current fiscal year.

Arcimoto Company Profile

Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.

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