Arcimoto (FUV) Catches Eye: Stock Jumps 10.6%
Arcimoto, Inc. FUV was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 74% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of one increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Arcimoto currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Arcimoto, Inc. Price
Arcimoto, Inc. price | Arcimoto, Inc. Quote
Investors interested in the Automotive - Original Equipment industry may consider a better-ranked stock like Garrett Motion Inc. GTX, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arcimoto, Inc. (FUV) : Free Stock Analysis Report
Garrett Motion Inc. (GTX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
