Arcimoto Inc is losing momentum Monday, decreasing 5.21%. Arcimoto Inc (FUV) stock has fallen 13.41% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock’s trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver‘s Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What’s Happening With FUV Stock Today?
Arcimoto Inc (FUV) stock has fallen -5.21% while the S&P 500 is up 1.27% as of 2:53 PM on Monday, Oct 24. FUV is lower by -$0.04 from the previous closing price of $0.75 on volume of 694,049 shares. Over the past year the S&P 500 has fallen -16.78% while FUV is lower by -93.36%. FUV lost -$1.70 per share in the over the last 12 months. To see InvestorsObserver’s Sentiment Score for Arcimoto Inc click here.
More About Arcimoto Inc
Arcimoto, Inc. 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. The company was formerly known as WTP Incorporated and changed to Arcimoto, Inc. in 2011. Arcimoto, Inc. was incorporated in 2007 and is headquartered in Eugene, Oregon. Click Here to get the full Stock Report for Arcimoto Inc stock.
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