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Analysts Are Bullish On This EV Stock, Should You Roll With Arcimoto Inc (FUV) Wednesday?

Wednesday, September 28, 2022 02:48 PM | InvestorsObserver Analysts
Analysts Are Bullish On This EV Stock, Should You Roll With Arcimoto Inc (FUV) Wednesday?

EV stock FUV is higher by 8.7% Wednesday. InvestorsObserver is giving Arcimoto Inc (FUV) an Analyst Rating Rank of 18, meaning FUV is ranked higher by analysts than 18% of stocks. The average price target for FUV is $7.816 and analyst’s rate the stock as a Buy.

Overall Score - 3.5
Wall Street analysts are rating FUV a Buy today. Find out what this means to you and get the rest of the rankings on FUV!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Arcimoto Inc Stock Today?

Arcimoto Inc (FUV) stock is trading at $1.50 as of 2:47 PM on Wednesday, Sep 28, a gain of $0.12, or 8.7% from the previous closing price of $1.38. The stock has traded between $1.36 and $1.51 so far today. Volume today is low. So far 573,202 shares have traded compared to average volume of 831,949 shares. Click Here to get the full Stock Report for Arcimoto Inc stock.

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