Overall market sentiment has been neutral on Arcimoto Inc (FUV) stock lately. FUV receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With FUV Stock Today?
Arcimoto Inc (FUV) stock is trading at $17.86 as of 11:07 AM on Wednesday, Mar 3, a drop of -$0.62, or -3.38% from the previous closing price of $18.48. The stock has traded between $17.01 and $19.10 so far today. Volume today is light. So far 533,465 shares have traded compared to average volume of 2,820,694 shares.
To see InvestorsObserver's Sentiment Score for Arcimoto Inc click here.
More About Arcimoto Inc
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers on the West Coast, the Arcimoto FUV is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the Deliverator and Rapid Responder provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.
Click Here to get the full Stock Score Report on Arcimoto Inc (FUV) Stock.
