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Do Analysts Agree Monday on Arcimoto Inc (FUV) Stock's Target Price?

Monday, November 29, 2021 02:31 PM | InvestorsObserver Analysts
Do Analysts Agree Monday on Arcimoto Inc (FUV) Stock's Target Price?

Analysts who follow Arcimoto Inc (FUV) on average expect it to increase 39.30% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns FUV an Analyst Ranking of 13, which means it ranks higher than 13 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.3
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?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Arcimoto Inc Stock Today?

Arcimoto Inc (FUV) stock is trading at $10.05 as of 2:26 PM on Monday, Nov 29, a gain of $0.30, or 3.08% from the previous closing price of $9.75. The stock has traded between $9.45 and $10.23 so far today. Volume today is low. So far 493,059 shares have traded compared to average volume of 777,829 shares. Click Here to get the full Stock Report for Arcimoto Inc stock.

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