Arcimoto Inc (FUV) Gets a Buy Rating from Chardan Capital

By Carrie Williams

Chardan Capital analyst James McIlree reiterated a Buy rating on Arcimoto Inc (FUVResearch Report) yesterday and set a price target of $10. The company’s shares closed last Monday at $3.30.

According to TipRanks.com, McIlree is ranked #5030 out of 5525 analysts.

Arcimoto Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.50.

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The company has a one-year high of $7.35 and a one-year low of $1.55. Currently, Arcimoto Inc has an average volume of 24.04K.

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Arcimoto, Inc. engages in the design, development, manufacturing, and sales of electric vehicles. It also involves in building products that catalyze the shift to a sustainable transportation system. The company was founded by Mark Frohnmayer on November 21, 2007 and is headquartered in Eugene, OR.