Investors Buy Large Volume of Call Options on Arcimoto (NASDAQ:FUV)

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Arcimoto Inc (NASDAQ:FUV) was the target of some unusual options trading on Thursday. Traders purchased 2,897 call options on the company. This represents an increase of 130% compared to the average daily volume of 1,259 call options.

A number of large investors have recently added to or reduced their stakes in FUV. Greatmark Investment Partners Inc. acquired a new stake in shares of Arcimoto in the first quarter valued at $34,000. BlackRock Inc. raised its stake in shares of Arcimoto by 26.5% in the first quarter. BlackRock Inc. now owns 44,111 shares of the company’s stock valued at $50,000 after acquiring an additional 9,234 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Arcimoto in the second quarter valued at $840,000. Advisor Group Holdings Inc. raised its stake in shares of Arcimoto by 26.6% in the second quarter. Advisor Group Holdings Inc. now owns 17,515 shares of the company’s stock valued at $93,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Arcimoto in the second quarter valued at $1,315,000. Institutional investors own 1.41% of the company’s stock.

NASDAQ:FUV traded down $0.95 during trading hours on Thursday, reaching $6.83. 35,916 shares of the stock were exchanged, compared to its average volume of 1,356,947. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $6.44 and a two-hundred day moving average of $3.13. Arcimoto has a twelve month low of $0.97 and a twelve month high of $8.89. The company has a market capitalization of $237.86 million, a price-to-earnings ratio of -8.51 and a beta of 1.79.

Arcimoto (NASDAQ:FUV) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). Arcimoto had a negative return on equity of 335.19% and a negative net margin of 990.51%. On average, research analysts forecast that Arcimoto will post -0.5 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on FUV shares. HC Wainwright upped their price target on Arcimoto from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday. Aegis initiated coverage on Arcimoto in a research report on Thursday, June 25th. They issued a “buy” rating and a $6.00 price objective for the company. Zacks Investment Research upgraded Arcimoto from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Monday. Roth Capital lowered Arcimoto from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Thursday. Finally, Bradley Woods reiterated a “buy” rating on shares of Arcimoto in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $8.40.

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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