FUV Stock Summary and Trading Ideas (Arcimoto | NASDAQ:FUV)

Arcimoto Inc is an electric vehicle company that designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.

Arcimoto trades on the NASDAQ stock market under the symbol FUV.

As of April 24, 2024, FUV stock price was flat at $0.42 with 19,993 million shares trading.

FUV has a beta of 1.52, meaning it tends to be more sensitive to market movements. FUV has a correlation of 0.07 to the broad based SPY ETF.

FUV has a market cap of $4.69 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, FUV stock traded as high as $375.40 and as low as $.40.

The top ETF exchange traded funds that FUV belongs to (by Net Assets): VXF, CCSO.

FUV has underperformed the market in the last year with a price return of -71.4% while the SPY ETF gained +24.0%. FUV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -39.1% and -8.7%, respectively, while the SPY returned +4.4% and -2.9%, respectively.

FUV support price is $.40 and resistance is $.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FUV stock will trade within this expected range on the day.