NASDAQ:SOLO

Electrameccanica Vehicles Stock Forecast, Price & News

Followed 110 Times

$6.17

-0.11 (-1.75 %)

(As of 02/26/2021 12:00 AM ET)

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Today's Range

$5.76

Now: $6.17▼

$6.30

50-Day Range

$6.28

MA: $7.79▼

$9.48

52-Week Range

$0.89

Now: $6.17▼

$13.60

Volume10.56 million shs

Average Volume18.06 million shs

Market Capitalization$504.19 million

P/E RatioN/A

Dividend YieldN/A

Beta3.08

Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Super SOLO, a sports car model; and Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com Website, as well as through 10 retail locations. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

Headlines

ElectraMeccanica Vehicles Corp. (SOLO) Dips More Than Broader Markets: What You Should Know
February 26, 2021 | finance.yahoo.com

Arden Fair mall to get Solo electric car dealership
February 19, 2021 | bizjournals.com

2020 ElectraMeccanica Solo Quick Test Drive: The New Sub-$20,000 EV
February 18, 2021 | msn.com

ElectraMeccanica Continues Retail Expansion Campaign With Seven New Locations
February 17, 2021 | finance.yahoo.com

Stay Away From These 3 Overvalued EV Stocks
February 16, 2021 | stocknews.com

Metro Phoenix is on short list for one seat, 3-wheel electric vehicle factory
February 9, 2021 | msn.com

What it's like to drive ElectraMeccanica's three-wheeled Solo vehicle
February 8, 2021 | bizjournals.com

Stay Away From These 3 Renewable Energy Stocks Right Now
February 2, 2021 | finance.yahoo.com

ElectraMeccanica's Introduction Of A New Electric Car Comes At A Good Time
January 22, 2021 | seekingalpha.com

The Green Boom Is Coming And These Companies Could Soar
January 21, 2021 | prnewswire.com

ElectraMeccanica (SOLO) Diversifies Further, Ramps Up Ad Campaign
January 19, 2021 | finance.yahoo.com

ElectraMeccanica Increases Retail Footprint into Three New Cities and Expands "Drive SOLO" Marketing and Ad Campaign
January 16, 2021 | marketwatch.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Motor vehicles & car bodies

Sub-IndustryN/A

SectorAuto/Tires/Trucks

Current SymbolNASDAQ:SOLO

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.electrameccanica.com

Phone604-428-7656

Employees63

Year FoundedN/A

Debt

Debt-to-Equity RatioN/A

Current Ratio28.52

Quick Ratio28.16

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$580,000.00

Price / Sales869.29

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.39 per share

Price / Book15.82

Profitability

EPS (Most Recent Fiscal Year)($0.64)

Net Income$-23,170,000.00

Net Margins-4,809.43%

Return on Equity-61.89%

Return on Assets-50.36%

Miscellaneous

Outstanding Shares81,716,000

Market Cap$504.19 million

Next Earnings Date3/24/2021 (Estimated)

OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.29 out of 5 stars

Auto/Tires/Trucks Sector

69th out of 148 stocks

Motor Vehicles & Car Bodies Industry

24th out of 44 stocks

3.4 Analyst's Opinion

Consensus Rating
Electrameccanica Vehicles has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.42, Electrameccanica Vehicles has a forecasted upside of 36.4% from its current price of $6.17.
Amount of Analyst Coverage
Electrameccanica Vehicles has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Electrameccanica Vehicles has received 107 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Electrameccanica Vehicles has received 113 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Electrameccanica Vehicles has received 51.36% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Electrameccanica Vehicles and other stocks. Vote “Outperform” if you believe SOLO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SOLO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Electrameccanica Vehicles does not currently pay a dividend.
Dividend Growth
Electrameccanica Vehicles does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Electrameccanica Vehicles insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 5.30% of the stock of Electrameccanica Vehicles is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Electrameccanica Vehicles are expected to grow in the coming year, from ($0.54) to ($0.36) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Electrameccanica Vehicles is -10.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Electrameccanica Vehicles is -10.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Electrameccanica Vehicles has a P/B Ratio of 15.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$6.17

-0.11 (-1.75 %)

(As of 02/26/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Electrameccanica Vehicles (NASDAQ:SOLO) Frequently Asked Questions

Is Electrameccanica Vehicles a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Electrameccanica Vehicles stock.
View analyst ratings for Electrameccanica Vehicles or view top-rated stocks.

What stocks does MarketBeat like better than Electrameccanica Vehicles?

Wall Street analysts have given Electrameccanica Vehicles a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Electrameccanica Vehicles wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Electrameccanica Vehicles?

Electrameccanica Vehicles saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 11,380,000 shares, an increase of 26.4% from the January 14th total of 9,000,000 shares. Based on an average daily volume of 25,330,000 shares, the days-to-cover ratio is currently 0.4 days.
View Electrameccanica Vehicles' Short Interest.

When is Electrameccanica Vehicles' next earnings date?

Electrameccanica Vehicles is scheduled to release its next quarterly earnings announcement on Wednesday, March 24th 2021.
View our earnings forecast for Electrameccanica Vehicles.

How were Electrameccanica Vehicles' earnings last quarter?

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) released its quarterly earnings data on Tuesday, May, 12th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.08) by $0.03. The company had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.08 million. Electrameccanica Vehicles had a negative trailing twelve-month return on equity of 61.89% and a negative net margin of 4,809.43%.
View Electrameccanica Vehicles' earnings history.

How has Electrameccanica Vehicles' stock price been impacted by Coronavirus (COVID-19)?

Electrameccanica Vehicles' stock was trading at $1.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SOLO stock has increased by 298.1% and is now trading at $6.17.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for SOLO?

5 equities research analysts have issued 12-month target prices for Electrameccanica Vehicles' shares. Their forecasts range from $4.00 to $12.25. On average, they expect Electrameccanica Vehicles' stock price to reach $8.42 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
View analysts' price targets for Electrameccanica Vehicles or view top-rated stocks among Wall Street analysts.

Who are Electrameccanica Vehicles' key executives?

Electrameccanica Vehicles' management team includes the following people:

Mr. Michael Paul Rivera, CEO & Director (Age 53)
Mr. Henry Reisner, Co-Founder, COO, Pres & Director (Age 57)
Mr. Jerry Kroll, Co-Founder & Director (Age 59)
Ms. Baljinder K. Bhullar, CFO & Director (Age 51)
Mr. Isaac Moss B.Sc, M.Pub. Admin., Chief Admin. Officer & Company Sec. (Age 68)

Who are some of Electrameccanica Vehicles' key competitors?

Some companies that are related to Electrameccanica Vehicles include Workhorse Group (WKHS), The Shyft Group (SHYF), REV Group (REVG), Stagecoach Group (SAGKF), Kandi Technologies Group (KNDI), Elio Motors (ELIO), Greenkraft (GKIT), Tongxin International (TXIC), EMAV (EMAV), T3M (TTTM) and Vydrotech (VYDR).
View all of SOLO's competitors.

What other stocks do shareholders of Electrameccanica Vehicles own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Electrameccanica Vehicles investors own include NIO (NIO), Tesla (TSLA), Advanced Micro Devices (AMD), Sorrento Therapeutics (SRNE), Blink Charging (BLNK), Micron Technology (MU), Workhorse Group (WKHS), Pfizer (PFE), NVIDIA (NVDA) and Carnival Co. & (CCL).

What is Electrameccanica Vehicles' stock symbol?

Electrameccanica Vehicles trades on the NASDAQ under the ticker symbol "SOLO."

Who are Electrameccanica Vehicles' major shareholders?

Electrameccanica Vehicles' stock is owned by a number of institutional and retail investors. Top institutional investors include Citigroup Inc. (0.59%), Krane Funds Advisors LLC (0.18%), Paloma Partners Management Co (0.09%), ExodusPoint Capital Management LP (0.07%), SG Americas Securities LLC (0.05%) and Baird Financial Group Inc. (0.03%).

Which institutional investors are selling Electrameccanica Vehicles stock?

SOLO stock was sold by a variety of institutional investors in the last quarter, including Baird Financial Group Inc..

Which institutional investors are buying Electrameccanica Vehicles stock?

SOLO stock was bought by a variety of institutional investors in the last quarter, including Citigroup Inc., Krane Funds Advisors LLC, Paloma Partners Management Co, ExodusPoint Capital Management LP, SG Americas Securities LLC, LPL Financial LLC, Skandinaviska Enskilda Banken AB publ , and Round Rock Advisors LLC.

How do I buy shares of Electrameccanica Vehicles?

Shares of SOLO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Electrameccanica Vehicles' stock price today?

One share of SOLO stock can currently be purchased for approximately $6.17.

How much money does Electrameccanica Vehicles make?

Electrameccanica Vehicles has a market capitalization of $504.19 million and generates $580,000.00 in revenue each year. The company earns $-23,170,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis.

How many employees does Electrameccanica Vehicles have?

Electrameccanica Vehicles employs 63 workers across the globe.

What is Electrameccanica Vehicles' official website?

The official website for Electrameccanica Vehicles is www.electrameccanica.com.

Where are Electrameccanica Vehicles' headquarters?

Electrameccanica Vehicles is headquartered at 102 EAST 1ST AVENUE, VANCOUVER A1, V5T 1A4.

How can I contact Electrameccanica Vehicles?

Electrameccanica Vehicles' mailing address is 102 EAST 1ST AVENUE, VANCOUVER A1, V5T 1A4. The company can be reached via phone at 604-428-7656 or via email at [email protected]

This page was last updated on 2/27/2021 by MarketBeat.com Staff

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