Equities research analysts expect Arcimoto Inc (NASDAQ:FUV) to announce earnings of ($0.23) per share for the current quarter, according to Zacks. Two analysts have made estimates for Arcimoto’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.22). Arcimoto posted earnings per share of ($0.10) during the same quarter last year, which would suggest a negative year-over-year growth rate of 130%. The company is scheduled to announce its next earnings report on Friday, March 29th.

On average, analysts expect that Arcimoto will report full-year earnings of ($0.69) per share for the current financial year, with EPS estimates ranging from ($0.70) to ($0.66). For the next financial year, analysts anticipate that the firm will report earnings of ($0.59) per share, with EPS estimates ranging from ($0.78) to ($0.41). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Arcimoto.

Arcimoto (NASDAQ:FUV) last announced its earnings results on Friday, November 16th. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.20). Arcimoto had a negative return on equity of 71.99% and a negative net margin of 5,067.42%. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.22 million.

FUV has been the topic of a number of recent analyst reports. Roth Capital initiated coverage on Arcimoto in a research report on Thursday, November 1st. They issued a “buy” rating and a $9.00 target price on the stock. Chardan Capital initiated coverage on Arcimoto in a research report on Wednesday, November 28th. They issued a “buy” rating on the stock.

Shares of FUV traded up $0.15 during trading on Wednesday, reaching $3.52. The company’s stock had a trading volume of 13,846 shares, compared to its average volume of 40,513. Arcimoto has a twelve month low of $1.55 and a twelve month high of $5.32. The firm has a market cap of $46.36 million, a price-to-earnings ratio of -14.67 and a beta of -1.12. The company has a quick ratio of 3.18, a current ratio of 4.46 and a debt-to-equity ratio of 0.18.

In other news, CEO Mark Frohnmayer purchased 139,903 shares of the stock in a transaction dated Monday, November 19th. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $419,709.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff Curl purchased 25,000 shares of the stock in a transaction dated Monday, November 19th. The stock was purchased at an average price of $3.00 per share, with a total value of $75,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 165,913 shares of company stock valued at $497,739 over the last quarter. Company insiders own 56.30% of the company’s stock.

A hedge fund recently raised its stake in Arcimoto stock. Vanguard Group Inc increased its stake in shares of Arcimoto Inc (NASDAQ:FUV) by 85.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,315 shares of the company’s stock after buying an additional 16,285 shares during the quarter. Vanguard Group Inc owned about 0.25% of Arcimoto worth $131,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.50% of the company’s stock.

About Arcimoto

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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