NASDAQ:SOLO Electrameccanica Vehicles (SOLO) Stock Forecast, Price & News $0.52 -0.02 (-3.68%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$0.51▼$0.5550-Day Range$0.47▼$0.6252-Week Range$0.44▼$1.87Volume536,911 shsAverage Volume787,135 shsMarket Capitalization$62.39 millionP/E RatioN/ADividend YieldN/APrice Target$0.60 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Electrameccanica Vehicles MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside14.7% Upside$0.60 Price TargetShort InterestBearish6.87% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.56) to ($0.60) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.03 out of 5 starsAuto/Tires/Trucks Sector93rd out of 95 stocksMotor Vehicles & Car Bodies Industry29th out of 29 stocks 2.0 Analyst's Opinion Consensus RatingElectrameccanica Vehicles has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $0.60, Electrameccanica Vehicles has a forecasted upside of 14.7% from its current price of $0.52.Amount of Analyst CoverageElectrameccanica Vehicles has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.87% of the float of Electrameccanica Vehicles has been sold short.Short Interest Ratio / Days to CoverElectrameccanica Vehicles has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.Change versus previous monthShort interest in Electrameccanica Vehicles has recently decreased by 19.46%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldElectrameccanica Vehicles does not currently pay a dividend.Dividend GrowthElectrameccanica Vehicles does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SOLO. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Electrameccanica Vehicles this week, compared to 1 article on an average week.Search InterestOnly 15 people have searched for SOLO on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Electrameccanica Vehicles to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Electrameccanica Vehicles insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.80% of the stock of Electrameccanica Vehicles is held by insiders.Percentage Held by InstitutionsOnly 8.93% of the stock of Electrameccanica Vehicles is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Electrameccanica Vehicles are expected to decrease in the coming year, from ($0.56) to ($0.60) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Electrameccanica Vehicles is -0.53, 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. SectorThe P/E ratio of Electrameccanica Vehicles is -0.53, 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 RatioElectrameccanica Vehicles has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Electrameccanica Vehicles (NASDAQ:SOLO) StockElectrameccanica Vehicles Corp. develops, manufactures, and sells electric vehicles in the United States and Canada. Its flagship product is the SOLO, a single seat vehicle. The company is also developing four-wheeled eRoadster, and Tofino. In addition, it provides services, repairs, and support services, as well as sale of parts. The company sells its vehicles through direct-to-consumer online, as well as through retail store operations in the States of California, Arizona, and Oregon. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.Read More Receive SOLO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Electrameccanica Vehicles and its competitors with MarketBeat's FREE daily newsletter. Email Address SOLO Stock News HeadlinesJune 9, 2023 | msn.comElectrameccanica: Product Recall, Trading Below CashMay 28, 2023 | americanbankingnews.comElectrameccanica Vehicles Corp. (NASDAQ:SOLO) Sees Large Decline in Short InterestJune 10, 2023 | Behind the Markets (Ad)U.S. Loses to China in Shocking WAR GAMES=== BREAKING === U.S. Loses to China in Shocking WAR GAMES Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. Get the name of the stock here >>>May 26, 2023 | msn.com3 Surprising Short-Squeeze Opportunities to Jump On NowMay 25, 2023 | msn.comI've driven 28 electric cars. These were my least favoriteMay 15, 2023 | bizjournals.comMesa's ElectraMeccanica reports Q1 earnings loss, company to buy back recalled electric vehiclesMay 15, 2023 | msn.comElectrameccanica Vehicles GAAP EPS of -$0.10, revenue of $0.5MMay 15, 2023 | finance.yahoo.comElectraMeccanica Vehicles Corp. 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One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 1, 2023 | markets.businessinsider.com7 Sorry EV Stocks to Sell in May Before It’s Too LateApril 29, 2023 | marketwatch.comWhen Electrameccanica Vehicles Corp ($SOLO) Moves Investors should ListenApril 19, 2023 | foxnews.comElectraMeccanica buying back all of 3-wheel Solo EVs and discontinuing the vehicleApril 18, 2023 | msn.comRoth MKM Downgrades Electrameccanica Vehicles (SOLO)April 18, 2023 | msn.comElectrameccanica Vehicles stock is downgraded at Roth MKM with progress sputteringApril 16, 2023 | msn.comEco-Friendly and Affordable: Introducing the ElectraMeccanica SOLO EVApril 10, 2023 | finance.yahoo.comRevving Up the STAG: Volcon Taps ElectraMeccanica For Additional Electric Vehicle AssemblyApril 10, 2023 | msn.comVolcon partners with ElectraMeccanica Vehicles for EV assemblyApril 10, 2023 | finance.yahoo.comVolcon & GLV Award ElectraMeccanica Additional Assembly Contract for Fully Electric STAG at EMV’s Mesa, AZ FacilityApril 7, 2023 | finance.yahoo.com11 Best EV Stocks For The Long TermMarch 31, 2023 | benzinga.comEV Stock Alert: Should You Charge Your Portfolio With Electrameccanica Vehicles Corp (SOLO) Wednesday?March 31, 2023 | seekingalpha.comElectrameccanica: I Was Wrong About This EV Small-Cap StockMarch 30, 2023 | msn.comElectric cars I'd never buy, after driving 24 different modelsMarch 29, 2023 | msn.comElectric cars I'd never buy, after driving 22 different modelsMarch 23, 2023 | bizjournals.comReversing course: Mesa's ElectraMeccanica halts production of three-wheeled electric vehiclesMarch 23, 2023 | americanbankingnews.comElectrameccanica Vehicles (NASDAQ:SOLO) Downgraded by Stifel NicolausMarch 22, 2023 | benzinga.comElectrameccanica Vehicles Stock (NASDAQ:SOLO), Guidance and ForecastMarch 22, 2023 | benzinga.comElectrameccanica Vehicles Stock (NASDAQ:SOLO), Short Interest ReportSee More Headlines SOLO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SOLO Company Calendar Last Earnings4/17/2023Today6/09/2023Next Earnings (Estimated)8/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Motor vehicles & car bodies Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:SOLO CUSIPN/A CIK1637736 Webwww.electrameccanica.com Phone(604) 428-7656FaxN/AEmployees104Year FoundedN/APrice Target and Rating Average Stock Price Forecast$0.60 High Stock Price Forecast$0.60 Low Stock Price Forecast$0.60 Forecasted Upside/Downside+14.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.99) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-123,700,000.00 Net Margins-1,882.43% Pretax Margin-1,879.91% Return on Equity-59.40% Return on Assets-48.15% Debt Debt-to-Equity RatioN/A Current Ratio4.53 Quick Ratio4.38 Sales & Book Value Annual Sales$6.81 million Price / Sales9.16 Cash FlowN/A Price / Cash FlowN/A Book Value$1.07 per share Price / Book0.49Miscellaneous Outstanding Shares119,290,000Free Float107,598,000Market Cap$62.39 million OptionableNot Optionable Beta2.65 Key ExecutivesMs. Susan E. Docherty (Age 60)CEO, Interim COO & Director Comp: $683.9kMr. Jerry Kroll (Age 61)Co-Founder & Director Comp: $90kMr. Mark Orsmond CA (Age 55)Chief Financial Officer Comp: $455.51kMs. Kim Anne Brink (Age 56)Chief Revenue Officer Comp: $590.6kMr. Ajay KumarVP of IT & Chief Information OfficerMr. Michael Bridge (Age 59)Gen. Counsel & Corp. Sec. Mr. Andrew BlairVP of HRMr. Conark ShahVP of Strategy & Chief of StaffMore ExecutivesKey CompetitorsCenntro Electric GroupNASDAQ:CENNLordstown MotorsNASDAQ:RIDEMalacca Straits AcquisitionNASDAQ:MLACArrivalNASDAQ:ARVLVicinity MotorNASDAQ:VEVView All CompetitorsInstitutional OwnershipSusquehanna Fundamental Investments LLCSold 170,004 shares on 5/16/2023Ownership: 0.106%Susquehanna International Group LLPBought 94,800 shares on 5/16/2023Ownership: 0.000%Sculptor Capital LPSold 51,100 shares on 5/16/2023Ownership: 0.000%Deutsche Bank AGSold 750,750 shares on 5/15/2023Ownership: 0.124%Mitsubishi UFJ Kokusai Asset Management Co. Ltd.Bought 32,042 shares on 5/8/2023Ownership: 0.258%View All Institutional Transactions SOLO Stock - Frequently Asked Questions Should I buy or sell Electrameccanica Vehicles stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SOLO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SOLO, but not buy additional shares or sell existing shares. View SOLO analyst ratings or view top-rated stocks. What is Electrameccanica Vehicles' stock price forecast for 2023? 1 analysts have issued 1-year price objectives for Electrameccanica Vehicles' shares. Their SOLO share price forecasts range from $0.60 to $0.60. On average, they predict the company's share price to reach $0.60 in the next year. This suggests a possible upside of 14.7% from the stock's current price. View analysts price targets for SOLO or view top-rated stocks among Wall Street analysts. How have SOLO shares performed in 2023? Electrameccanica Vehicles' stock was trading at $0.6037 at the beginning of 2023. Since then, SOLO shares have decreased by 13.4% and is now trading at $0.5230. View the best growth stocks for 2023 here. When is Electrameccanica Vehicles' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023. View our SOLO earnings forecast. How were Electrameccanica Vehicles' earnings last quarter? Electrameccanica Vehicles Corp. (NASDAQ:SOLO) posted its quarterly earnings data on Monday, April, 17th. The company reported ($0.34) earnings per share (EPS) for the quarter. The company had revenue of $2.79 million for the quarter. Electrameccanica Vehicles had a negative net margin of 1,882.43% and a negative trailing twelve-month return on equity of 59.40%. 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 many different institutional and retail investors. Top institutional investors include Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.26%), Deutsche Bank AG (0.12%), Susquehanna Fundamental Investments LLC (0.11%), Susquehanna International Group LLP (0.00%), Sculptor Capital LP (0.00%) and Simplex Trading LLC (0.00%). How do I buy shares of Electrameccanica Vehicles? Shares of SOLO stock 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 $0.52. How much money does Electrameccanica Vehicles make? Electrameccanica Vehicles (NASDAQ:SOLO) has a market capitalization of $62.39 million and generates $6.81 million in revenue each year. The company earns $-123,700,000.00 in net income (profit) each year or ($0.99) on an earnings per share basis. How many employees does Electrameccanica Vehicles have? The company employs 104 workers across the globe. How can I contact Electrameccanica Vehicles? Electrameccanica Vehicles' mailing address is 102 EAST 1ST AVENUE, VANCOUVER A1, V5T 1A4. The official website for the company is www.electrameccanica.com. The company can be reached via phone at (604) 428-7656 or via email at info@electrameccanica.com. This page (NASDAQ:SOLO) was last updated on 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Electrameccanica Vehicles Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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