Arcimoto Stock (NASDAQ:FUV), Trade Ideas

Arcimoto

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.

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Arcimoto Inc (NASDAQ: FUV) shares are trading lower Thursday, pulling back after staging an impressive rally in recent trading sessions. Here&#39;s a look at what&#39;s going on.

What&#39;s Going On With Arcimoto (FUV) Stock?

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Shares of SenesTech, Inc.  (NASDAQ: SNES) shares moved lower during Tuesday’s session after the company reported pricing of $5.0 million public offering.

Why SenesTech Shares Are Trading Lower By Around 50%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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EVTV

Envirotech Vehicles Ropes In Two Executives From Arcimoto; Appoints Douglas Campoli As CFO

Arcimoto Inc

JP Morgan analyst Samik Chatterjee maintains Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) with a Overweight and raises the price target from $125 to $130.

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JP Morgan Maintains Overweight on Amphenol, Raises Price Target to $130

IPOs

Marex Group Shares Open For Trade At $19.50/Share; IPO Priced At $19/Share On 15.385M Shares

WIIM

NewMarket shares are trading lower after the company reported a year-over-year decrease in Q1 net sales results.

Helmerich & Payne shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Argus Research analyst David Coleman maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Buy and raises the price target from $44 to $54.

Argus Research Maintains Buy on Freeport-McMoRan, Raises Price Target to $54

SRCL

Stericycle shares are trading lower after the company reported worse-than-expected Q2 revenue results.

CACI

CACI International shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 revenue guidance above estimates.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling by around 250 points on Thursday.
The Dow traded down 1.55% to 37,864.79 while the NASDAQ fell 1.60% to 15,460.95. The S&amp;P 500 also fell, dropping, 1.16% to 5,012.94.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38428592/how-to-earn-500-a-month-from-t-mobile-us-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From T-Mobile US Stock Ahead Of Q1 Earnings Report</a>
Leading and Lagging Sectors Energy shares fell by just 0.2% on Thursday.
In trading on Thursday, communication services shares dipped by 5.3%.
Top Headline
Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) reported better-than-expected first-quarter financial results and raised its 2024 guidance.
Merck posted adjusted earnings of $2.07 per share, beating market estimates of $1.88 per share. The company's sales came in at $15.775 billion versus expectations of $15.196 billion.
Equities Trading UP                        
<ul>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) shares shot up 17% to $141.91 after reporting better-than-expected first-quarter financial results.</li>
<li>Shares of Ultralife Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) got a boost, surging 18% to $10.33 after the company reported better-than-expected quarterly financial results.</li>
<li>Processa Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) shares were also up, gaining 52% to $2.4550 after HC Wainwright &amp; Co initiated coverage on the stock with a Buy rating and announced an $8 price target.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ATN International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNI#NASDAQ">ATNI</a>) shares dropped 30% to $20.12 as the company posted weak quarterly sales and slashed FY24 revenue forecast.</li>
<li>Shares of Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) were down 24% to $4.4250 after the company mixed first-quarter financial results.</li>
<li>Orion Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) was down, falling 20% to $6.38 following weak quarterly sales.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38429948/meta-platforms-to-rally-around-14-here-are-10-top-analyst-forecasts-for-thursday">Meta Platforms To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Thursday</a>
Commodities In commodity news, oil traded down 0.7% to $82.26 while gold traded up 0.1% at $2,339.30.
Silver traded up 0.1% to $27.36 on Thursday, while copper rose 2.1% to $4.5525.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.79%, London's FTSE 100 rose 0.29% while Spain's IBEX 35 Index fell 0.78% The German DAX fell 1.18% French CAC 40 fell 1.18% while Italy's FTSE MIB Index fell 1.07%.
Producer prices in Spain fell 8.2% year-over-year in March compared to a revised 8.5% decline in February. The GfK Consumer Climate Indicator for Germany climbed to -24.2 heading into May versus a revised reading of -27.3 in the prior period. UK's car production fell 27.1% to 59,467 units for March.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 falling 2.16%, Hong Kong's Hang Seng Index gaining 0.48%, China's Shanghai Composite climbing 0.27% and India's S&amp;P BSE Sensex gaining 0.66%.
Hong Kong's trade deficit increased to $45.0 billion in March from $40.6 billion in the year-ago month. The index of leading economic indicators in Japan came in unchanged at 111.8 in February, while index of coincident economic indicators was revised higher to 111.6 in February versus a flash reading of 110.9.
Economics
<ul>
<li>U.S. initial jobless claims declined by 5,000 to 207,000 in the week ending April 20, compared to market estimates of 214,000.</li>
<li>The U.S. economy grew an annualized 1.6% in the first quarter, marking a notable slowdown from the 3.4% rate in the final quarter of 2023. However, analysts were expecting a 2.5% growth.</li>
<li>U.S. wholesale inventories fell by 0.4% month-over-month in March compared to a revised 0.4% gain in February.</li>
<li>Pending home sales in the U.S. climbed by 3.4% month-over-month in March.</li>
<li>The core price index for personal consumption expenditures increased by an annualized 3.7% in the first quarter versus a 2% gain in the prior three-month period.</li>
<li>The EIA said US natural-gas supplies rose 92 billion cubic feet during the week ended April 19.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/24/04/38429015/jim-cramer-youre-dice-rolling-with-this-biopharma-stock-but-vista-energy-is-a-good-situation"> Jim Cramer: You&#8217;re &#8216;Dice Rolling&#8217; With This Biopharma Stock, But Vista Energy Is &#8216;A Good Situation&#8217;</a>

Earnings

Eurozone

Commodities

ATNI

PCSA

ULBI

S&P 500 Down Over 1%; Merck Increases 2024 Outlook

Argus Research analyst Chris Graja maintains Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) with a Buy and raises the price target from $180 to $185.

Argus Research Maintains Buy on Procter & Gamble, Raises Price Target to $185

Raymond James analyst David Feaster reiterates Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) with a Outperform and raises the price target from $32 to $36.

Reiteration

Raymond James Reiterates Outperform on Bank of N.T Butterfield, Raises Price Target to $36

PFSI

PennyMac Financial Services shares are trading lower after the company reported worse-than-expected Q1 sales results.

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Founder Jeff Bezos has always been unusually frank about the potential decline and eventual demise of his company. This sentiment has been a recurring theme in his communications, expressing a clear understanding that even the mightiest companies have limited lifespans.&nbsp;
Bezos has often used this perspective as a rallying cry to drive innovation at Amazon, pushing the company to stay ahead of potential decline through continuous evolution and reinvention.
Under Bezos's leadership, Amazon has grown into a colossal tech and retail giant, yet he has consistently reminded stakeholders of the company's mortality. Between 2013 and 2018, he openly discussed Amazon's &#8220;inevitable&#8221; death on multiple occasions, even predicting during a 2018 all-hands meeting that &#8220;Amazon will go bankrupt&#8221; one day.&nbsp;
&#8220;If you look at large companies, their lifespans tend to be 30-plus years, not 100-plus years,&#8221; he said, emphasizing that many large companies do not last beyond several decades.
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<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
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This outlook was also evident in his final letter to shareholders in 2021, when Bezos quoted biologist Richard Dawkins, saying, &#8220;Staving off death is a thing that you have to work at.&#8221;&nbsp;
Here, Bezos likened the effort required to maintain the vitality of a living organism to the efforts required to keep a company thriving. He warned against the company becoming too typical and losing its distinctiveness, equating corporate stagnation with death.
Bezos often reinforced this point with his Day One philosophy, asserting that for Amazon, it must always be Day One. This mindset focuses on maintaining the agility, curiosity and urgency of a startup. He articulated that moving to Day Two implies stasis, irrelevance and slow decline, which he saw as the beginning of the end.
These acknowledgments of Amazon&#8217;s possible future serve not just as warnings but as motivation. Bezos has aimed to cultivate an organizational culture that pursues innovation and operational excellence to stave off the decline that he views as inevitable without such effort. His leadership philosophy suggests that recognizing and confronting the prospect of failure can galvanize a company to maintain its competitive edge and vitality.
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<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/go/grow-wealth-passively">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
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Bezos stepped down as CEO but moved into the role of executive chairman to continue influencing Amazon's path, albeit in a different capacity.&nbsp;
Earlier this year, Bezos sold 50 million Amazon shares, netting approximately $8.5 billion. The financial move was part of a broader strategy that included his relocation from Seattle to Miami,&nbsp; a decision influenced by personal and business considerations. His move to Florida was particularly advantageous because of the state&#8217;s favorable tax laws, allowing him to save about <a href="https://www.benzinga.com/general/24/02/37037094/i-love-miami-jeff-bezos-plans-to-unload-a-massive-amount-of-amazon-shares-but-moving-to-florida-will">$600 million in taxes</a> he would have incurred under Washington&#8217;s capital gains tax, introduced in 2021.
He has made significant real estate investments in Florida, spending hundreds of millions on properties in the ultra-exclusive Billionaire Bunker. He purchased one estate for $90 million and two others for a combined $149 million.&nbsp;
Bezos&#8217;s transition to Florida also marked a shift in focus toward his aerospace company Blue Origin, which benefits from proximity to Cape Canaveral — a key location for launching and manufacturing rockets and spacecraft. This strategic relocation supports his vision for space exploration and Blue Origin&#8217;s expansion, which is expected to boost local investment and job creation.
<h2 class="wp-block-heading">Read Next:</h2>
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<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
</ul>

Real Estate

AMZN

Jeff Bezos Has Been Predicting Amazon's 'Inevitable Death' For Years And Says Lifespans Of Large Companies 'Tend To Be 30-Plus Years' Not 100

Argus Research analyst John Eade maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Buy and raises the price target from $175 to $182.

Argus Research Maintains Buy on Owens-Corning, Raises Price Target to $182

The hastily-scribbled &#8220;Buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)&#8221; sign that went viral during a Congressional hearing in 2017 has become a million-dollar collector&#8217;s item.
What Happened: The now-iconic sign, a symbol of early Bitcoin enthusiasm, sold for a staggering $1.027 million at auction, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-04-24/-buy-bitcoin-sign-shown-behind-yellen-sells-for-1-million-at-auction?embedded-checkout=true">reported</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The famous &quot;Buy Bitcoin&quot; sign was just sold for more than $1 Million today. The sign was shown during then-FED chair Janet Yellen&#39;s Congressional testimony back in July 2017. <a href="https://t.co/qGtWCJRNM9">pic.twitter.com/qGtWCJRNM9</a>
&mdash; Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1783473604715327645?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The winning bid, placed anonymously, came in at 16 bitcoin. 
There was a brief moment of confusion during the final minutes when a technical error displayed a much higher bid, but the final price settled at the million mark.
The seller was Christian Langalis, the then 22-year-old intern who impulsively created the sign and held it up behind then-Federal Reserve Chair Janet Yellen during her testimony. 
Langalis was promptly escorted out of the hearing room, but his message clearly resonated with the crypto community.
This sky-high auction price reflects the incredible rise of Bitcoin itself. 
Since 2017, the value of Bitcoin has skyrocketed from around $2,300 to a record high of nearly $74,000 earlier this year. 
This surge has attracted major financial institutions like Fidelity and BlackRock Inc., along with a renewed wave of interest from retail investors.
As a result, early Bitcoin artifacts like the &#8220;Buy Bitcoin&#8221; sign are experiencing a resurgence in popularity. 
This unassuming legal pad, once a bargain at $8.99 for a three-pack, now stands as a testament to the transformative power of cryptocurrency.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38412858/trumps-crypto-portfolio-rebounds-with-1m-weekly-profit-which-crazy-new-currencies-does-he-">Trump&#8217;s Crypto Portfolio Rebounds With $1M Weekly Profit: Which &#8216;Crazy New Currencies&#8217; Does He Hold?</a>
Beyond The Bitcoin Bonanza
The story doesn&#8217;t end with Bitcoin. 
This week also saw <a href="https://twitter.com/RDToTheMoon/status/1783166550247194801">another</a> internet meme go up for auction.
This image, featuring a man yelling into a woman&#8217;s ear while looking at another woman, has been widely shared and parodied online. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;AUCTION ALERT&#x1f6a8; The popular Nightclub meme photo of a man shouting into a woman&#39;s ear at a club in Edinburgh, Scotland, has gained widespread popularity since its creation in 2018. It has appeared in various media and has been shared by figures like Elon Musk. Today, it&#39;s… <a href="https://t.co/2CNt7pSCnp">pic.twitter.com/2CNt7pSCnp</a>
&mdash; Rob &#x7C; Foundation (@RDToTheMoon) <a href="https://twitter.com/RDToTheMoon/status/1783166550247194801?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Currently, the highest bid for this meme sits at 15 Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
These high-profile auctions highlight the growing value of digital assets, both established like Bitcoin and more whimsical like viral memes.
The Future Of Digital Assets: A Discussion At Benzinga&#8217;s Upcoming Event
These sales are just two examples of how digital assets are reshaping the way we interact with and value online content.
The Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event, scheduled for Nov. 19, will bring together industry leaders, analysts, and investors to<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38404202/why-sec-delays-put-the-may-ethereum-etf-deadline-in-doubt"> explore these critical trends.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38408395/why-is-mog-crypto-coin-going-up-trader-sees-billions-as-price-target">Why Is MOG Crypto Coin Going Up? Trader Sees &#8216;Billions&#8217; As Price Target</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

This Famous 'Buy Bitcoin' Sign Netted An Intern $1M

Shares of Asbury Automotive Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) are trading at $213.99 each; that&#8217;s down by <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">more than 3.4% at last check Thursday.</a>
The Duluth, Georgia-based company reported first-quarter earnings per share of $7.21, missing the street view of $7.76 due to a <a href="https://www.benzinga.com/pressreleases/24/04/b38426134/asbury-automotive-group-reports-record-4-2-billion-in-revenue" target="_blank" rel="noreferrer noopener">tight inventory market and volume challenges. </a>
Quarterly sales of $4.201 billion missed the street view of $4.264 billion. Revenue, however, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">increased 17% year over year.</a> Gross profit increased 8% year-over-year to $750 million, while gross margin decreased 158 bps to 17.9%.
&#8220;We delivered on our ongoing commitment to profitably grow same store preowned volume by retailing over 2,700 more units sequentially, even in a tight inventory market, and new vehicle profits performed well against brand mix driven volume challenges,&#8221; said Asbury CEO David Hult.
Asbury&nbsp;said new vehicle unit volume increased by 18%, new vehicle revenue increased by 17%, while new vehicle gross profit decreased by 9%.
Same-store revenue of $3.5 billion decreased 1% year over year, while gross margin&nbsp;decreased&nbsp;136 bps to 18.1%.
As of March 31, 2024, the company had cash and floor plan offset accounts of $225 million.
The company repurchased approximately 240,000 shares for $50 million during the first quarter of 2024.&nbsp;
&#8220;Our results demonstrate how our strategic investments have enabled us to deliver strong results despite&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">challenging market conditions,&#8221; the CEO added.</a>
Share Repurchases
The company repurchased approximately 240,000 shares for $50 million during the first quarter&nbsp;2024.&nbsp;
As of March 31, Asbury&nbsp;had $153 million remaining on its share repurchase authorization.
Price Action:&nbsp;ABG shares are trading lower by 3.55% to $213.66 at last check Thursday.
Now Read:

Asbury Automotive Is Trading Lower On Heels Of Q1 Earnings Report

PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) reported quarterly earnings of $2.48 per share which beat the analyst consensus estimate of $2.31 by 7.36 percent. The company reported quarterly sales of $305.660 million which missed the analyst consensus estimate of $432.416 million by 29.31 percent. This is a 0.92 percent increase over sales of $302.862 million the same period last year.

On Wednesday April 24, 2024 PennyMac Financial Servs Reported Q1 2024 Adj EPS $2.48 Beats $2.31 Estimate, Sales $305.660M Miss $432.416M Estimate

In the latest quarter, 5 analysts provided ratings for Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>), showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $138.4, with a high estimate of $140.00 and a low estimate of $132.00. Witnessing a positive shift, the current average has risen by 1.02% from the previous average price target of $137.00.
<img src="https://www.benzinga.com/files/images/story/2024/1714060884_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Alexandria Real Estate. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$132.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Omotayo Okusanya</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$140.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Alexandria Real Estate. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Alexandria Real Estate compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Alexandria Real Estate's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Alexandria Real Estate's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ARE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Alexandria Real Estate analyst ratings.</a>
<h2>Get to Know Alexandria Real Estate Better</h2>
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.
<h3>Understanding the Numbers: Alexandria Real Estate's Finances</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Alexandria Real Estate showcased positive performance, achieving a revenue growth rate of 9.75% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 21.7%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.9%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Alexandria Real Estate's ROA stands out, surpassing industry averages. With an impressive ROA of 0.45%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.68.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 5 Takes On Alexandria Real Estate

WEX shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 adjusted EPS guidance below estimates.

In the latest quarter, 7 analysts provided ratings for MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $1740.0, a high estimate of $1875.00, and a low estimate of $1450.00. This current average reflects an increase of 57.47% from the previous average price target of $1105.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714060874_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive MicroStrategy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Palmer</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$1875.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Palmer</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$1875.00</td>
<td>$990.00</td>
</tr>
<tr>
<td>Andrew Harte</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$1800.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Joseph Vafi</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Buy</td>
<td>$1810.00</td>
<td>-</td>
</tr>
<tr>
<td>Lance Vitanza</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$1450.00</td>
<td>$1560.00</td>
</tr>
<tr>
<td>Lance Vitanza</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1560.00</td>
<td>$1220.00</td>
</tr>
<tr>
<td>Joseph Vafi</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$1810.00</td>
<td>$975.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to MicroStrategy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MicroStrategy compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of MicroStrategy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into MicroStrategy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MSTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MicroStrategy analyst ratings.</a>
<h2>Discovering MicroStrategy: A Closer Look</h2>
MicroStrategy Inc is a provider of enterprise analytics and mobility software. It offers MicroStrategy Analytics platform that delivers reports and dashboards and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.
<h3>Unraveling the Financial Story of MicroStrategy</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, MicroStrategy faced challenges, resulting in a decline of approximately -6.09% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: MicroStrategy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 71.6%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): MicroStrategy's ROE stands out, surpassing industry averages. With an impressive ROE of 5.93%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): MicroStrategy's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 2.19%, the company may face hurdles in achieving optimal financial returns.
Debt Management: MicroStrategy's debt-to-equity ratio stands notably higher than the industry average, reaching 1.04. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSTR

Where MicroStrategy Stands With Analysts

9 analysts have expressed a variety of opinions on Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $66.33, a high estimate of $70.00, and a low estimate of $61.00. This current average reflects an increase of 0.94% from the previous average price target of $65.71. 
<img src="https://www.benzinga.com/files/images/story/2024/1714060865_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Equity Residential by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>John Kim</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$67.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Chandni Luthra</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$70.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$67.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$66.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Equity Residential. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Equity Residential compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Equity Residential's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Equity Residential's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EQR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Equity Residential analyst ratings.</a>
<h2>Unveiling the Story Behind Equity Residential</h2>
Equity Residential owns a portfolio of 302 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
<h3>Financial Insights: Equity Residential</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Equity Residential's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.97% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Equity Residential's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 42.74%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Equity Residential's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.82% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Equity Residential's ROA stands out, surpassing industry averages. With an impressive ROA of 1.55%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.7.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 9 Analysts Discuss Equity Residential Stock

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RDHL, VIEW and PIXY among mid-day movers

These Consumer Cyclical stocks are trading higher:-Victoria's Secret and Co (VSCO) stock is trading at $27.42, an increase of $3.84, or 16.28%, on high volume.  Victorias Secret and Co. gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Buy with a price target of $19.

Consumer Cyclical Stocks Moving Thursday: VSCO, FTCH, WOOF, MYTE, YOSH, FUV, DOOO, REE

FUV stock is higher by 5.88% as the EV stock increases $0.06 and outperforms the marketThe 9 rating InvestorsObserver gives to Arcimoto Inc (FUV)  stock puts it near the middle of the Consumer Cyclical sector.In addition to scoring higher than 60 percent of stocks in the Consumer Cyclical sector, FUVâ€&#x2122;s 9 overall rating mea

EV Stock Surges 5.88% Friday: Should You Buy Arcimoto Inc (FUV)?

Electric vehicles 2024 and beyond: Why Tesla, BYD and Rivian may lap the field

Arcimoto Inc (FUV) stock is higher by 12.1% as the Electric Vehicle stock increases $0.08 and outperforms the market Overall market sentiment has been down on Arcimoto Inc (FUV)  stock lately. FUV receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Arcimoto Inc has a Bearish sentiment reading. Find

Electric Vehicle Watch: Arcimoto Inc (FUV) Is Bearish And Rising Monday

FUV, a player in the electric vehicle market, is lower by 0.68% Tuesday as it underperforms the market. Arcimoto Inc (FUV) is around the top of the Recreational Vehicles industry according to InvestorsObserver. FUV received an overall rating of 46, which means that it scores higher than 46 percent of all stocks. Arcimoto I

Electric Vehicle Stock Rated in Top of Recreational Vehicles Industry Tuesday; Should You Drop Arcimoto Inc (FUV)?

The automotive industry is witnessing a remarkable transformation driven by the rapid adoption of Electric Vehicles (EVs). In light of this, let's analyze the fundamentals of three EV stocks: XPeng Inc. (XPEV), Arcimoto, Inc. (FUV), and Honda Motor (HMC). Continue reading… The heightened consciousness regarding environmental concerns, alongside the progression in Electric Vehicle (EV) technology, has sparked a surge in consumer interest in electric vehicles. With improvements in affordability, extended driving ranges, and the expansion of charging infrastructure, an increasing number of consumers are opting for EVs as a practical substitute for traditional automobiles.
Against the backdrop, this article sheds light on the fundamentals of three EV stocks: XPeng Inc. (<a href="https://stocknews.com/stock/XPEV/">XPEV</a>), Arcimoto, Inc. (<a href="https://stocknews.com/stock/FUV/">FUV</a>), and Honda Motor Co., Ltd. (<a href="https://stocknews.com/stock/HMC/">HMC</a>). While it is advisable to steer clear of XPEV and FUV considering their weak fundamentals, HMC, on the contrary, could be a solid portfolio addition.
But before we jump into the fundamentals of the highlighted stocks, let's briefly examine the prevailing dynamics of the EV market. 
Despite encountering challenges like the pandemic and supply chain disruptions, the EV market has witnessed significant growth. As awareness of environmental issues and sustainability grows, there is a notable desire among consumers to shift toward cleaner and more fuel-efficient vehicles.
According to Statista, the global revenue in the EV market is projected to hit a <a href="https://www.statista.com/outlook/mmo/electric-vehicles/worldwide">staggering $623.30 billion</a> this year and climb up to a remarkable $906.70 billion by 2028, demonstrating a 9.8% CAGR from 2024 to 2028.
On the other hand, S&amp;P Global Mobility's 2024 global sales projection shows that battery-electric passenger vehicles will reach <a href="https://www.spglobal.com/mobility/en/research-analysis/2024-ev-forecast-the-supply-chain-charging-network-and-battery.html">13.3 million units</a> worldwide in 2024, representing approximately 16.2% of total global passenger vehicle sales for the year. Meanwhile, during the fourth quarter of 2023, the global battery-electric vehicle market reached <a href="https://www.strategyand.pwc.com/de/en/industries/automotive/electric-vehicle-sales-review-2023-q4.html">notable milestones</a>, with sales flourishing across several nations.
For instance, in China, BEV sales surpassed the two million mark for the quarter, marking a remarkable achievement unprecedented in the country's history. Similarly, annual BEV sales in the United States exceeded 1 million units for the first time in 2023.
While predictions and quarterly sales indicate a promising year ahead for the EV market, various factors such as government protectionism, decreased incentives, supply chain disruptions stemming from geopolitical tensions, and uncertainties surrounding future commitments to drive vehicle electrification by U.S. presidential administrations could potentially hinder market expansion.
Keeping all the aforementioned factors in mind, let's examine the fundamentals of featured <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> stocks.
Stocks to Avoid:
XPeng Inc. (<a href="https://stocknews.com/stock/XPEV/">XPEV</a>)
Headquartered in Guangzhou, China, XPEV designs, develops, manufactures, and markets smart EVs. It offers SUVs under the G3, G3i, and G9 names, four-door sports sedans under the P7 and P7i names, and family sedans under the P5 name.
XPEV's trailing-12-month gross profit margin of 0.52% is 98.5% lower than the industry average of 35.38%. Its trailing-12-month asset turnover ratio of 0.32x is 67.6% lower than the 0.99x industry average. Furthermore, the stock's trailing-12-month negative EBITDA margin of 44.32% compares to the industry average of 10.89%.
For the fiscal third quarter, which ended on September 30, 2023, XPEV's total revenue stood at $1.17 billion, while its non-GAAP loss from operations widened 50% year-over-year to $416.19 million.
Furthermore, its non-GAAP net loss attributable to ordinary shareholders of XPEV worsened by 25.5% from the prior-year quarter to $382.46 million. In addition, the company's non-GAAP net loss per <a href="https://www.investopedia.com/terms/a/ads.asp">ADS</a> came in at $0.44, worsening 24.7% from the year-ago value.
Street expects XPEV's revenue for the fiscal fourth quarter (ended December 2023) to come in at $1.73 billion. While its loss per share for the same quarter is projected to come in at $0.42, widening 11.5% year-over-year. Moreover, the company failed to surpass its estimated EPS and revenue in three of the trailing four quarters.
XPEV's shares have plummeted 46.5% over the past six months and 41.7% over the past month to close the last trading session at $8.19.
XPEV's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this bleak outlook. The stock has an overall F rating, translating to a Strong Sell in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.  
It has an F grade for Stability and Sentiment and a D for Value, Momentum, and Quality. In the 52-stock <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry, it is ranked #49. <a href="https://stocknews.com/stock/XPEV/">Click here</a> to see XPEV's rating for Growth. 
Arcimoto, Inc. (<a href="https://stocknews.com/stock/FUV/">FUV</a>)
FUV designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product, the Fun Utility Vehicle (FUV), is used for everyday consumer trips.
On November 28, 2023, FUV revealed that it received a notice from Nasdaq indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its quarterly report for the period ended September 30, 2023. While this doesn't currently impact the stock's listing or trading, further delays could affect it.
Moreover, FUV was required by Nasdaq to submit a compliance plan by January 22, 2024, and file the overdue report by May 20, 2024. The company aims to file the report as soon as possible.
FUV's trailing-12-month negative gross profit margin of 160.15% compares to the industry average of 35.38%. Its trailing-12-month asset turnover ratio of 0.13x is 86.8% lower than the 0.99x industry average. Furthermore, the stock's trailing-12-month cash per share of $0.15 is 93.4% lower than the industry average of $2.33.
For the fiscal second quarter, which ended on June 30, 2023, FUV's revenue stood at $1.76 million, while its loss from operations came in at $7.29 million. During the same quarter, the company reported a net loss and loss per share of $13.21 million and $1.71, respectively.
Analysts predict FUV's revenue for the fiscal third quarter (ended September 2023) to decline 1.2% year-over-year to $2 million, while its EPS for the same quarter is projected to come in at negative $0.79. Additionally, the company has a disappointing revenue surprise history, failing to surpass its revenue estimates in each of the trailing four quarters.
The stock has plunged 57.7% over the past six months and 20.9% over the past month to close the last trading session at $0.66.
FUV's grim fundamentals are reflected in its POWR Ratings. It has an overall rating of D, which equates to a Sell in our proprietary rating system.
It has an F grade for Stability and Quality. Within the same industry, it is ranked #47. <a href="https://stocknews.com/stock/FUV/">Click here</a> to see the other ratings of FUV for Growth, Value, Momentum, and Sentiment.  
Stock to Buy:
Honda Motor Co., Ltd. (<a href="https://stocknews.com/stock/HMC/">HMC</a>)
Headquartered in Tokyo, Japan, HMC develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business; Automobile Business; Financial Services Business; and Power Product and Other Businesses.
HMC's trailing-12-month levered FCF margin of 8.19% is 51.3% higher than the industry average of 5.41%. Its trailing-12-month EBITDA margin of 12.94% is 18.9% higher than the 10.89% industry average. Furthermore, the stock's trailing-12-month cash per share of $6.04 is 159.8% higher than the industry average of $2.33.
HMC's sales revenue for the fiscal second quarter (ended September 30, 2023) increased 17.1% year-over-year to ¥4.98 trillion ($33.55 billion), while its operating profit improved 30.7% from the year-ago value to ¥302.13 billion ($2.04 billion).
Moreover, the company's profit for the period rose 32.1% from the prior-year quarter to ¥270.98 billion ($1.83 billion). Also, its EPS came in at ¥51.49, representing an increase of 39.4% year-over-year.
The consensus revenue estimate of $136.50 billion for the fiscal year ending March 2024 represents a 412.1% improvement year-over-year. Meanwhile, the consensus EPS estimate of $4.19 for the same period reflects a 46.6% year-over-year surge.
HMC's shares have climbed 8.9% over the past month to close the last trading session at $33.53.
It's no surprise that HMC has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. It has an A grade for Stability and a B for Value, Sentiment, and Quality. Out of 52 stocks in the same industry, it is ranked #3.  
In addition to the POWR Ratings we've stated above, we also have HMC's ratings for Growth and Momentum. Get all HMC ratings <a href="https://stocknews.com/stock/HMC/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
HMC shares were trading at $33.76 per share on Monday morning, up $0.23 (+0.69%). Year-to-date, HMC has gained 9.22%, versus a 3.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/hmc-xpev-fuv-are-these-3-ev-stocks-set-for-2024-breakthroughs/>Are These 3 EV Stocks Set for 2024 Breakthroughs?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Are These 3 EV Stocks Set for 2024 Breakthroughs?

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Financing

Press Releases

Arcimoto, Inc. Announces $2.5 Million Registered Direct Offering and Concurrent Private Placement

Arcimoto, Inc. Announces $6.7 Million Series D Preferred Stock and Warrant Offering

Arcimoto to Report Second Quarter 2023 Financial Results on August 24, 2023

Arcimoto provides MATBOCK with Electrical Systems Architecture and Energy Storage Systems for Development of Electric and Hybrid Utility Vehicles

Arcimoto Announces Second Quarter 2023 Financial Results

Arcimoto to Unveil New Tap Variation of the MUV at the Del Mar Wine + Food Festival, Sept. 9-10

Contracts

Arcimoto Enters into Contract Manufacturing Agreement with MOBIUS.energy to Build Battery Packs for the Aviation Market

DMK Pharmaceuticals Restructures Executive Team to Support Next Phase of Growth

Arcimoto, Inc. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q