NASDAQ:SOLO

Electrameccanica Vehicles Stock Forecast, Price & News

$7.66

+0.11 (+1.46 %)

(As of 01/21/2021 11:27 AM ET)

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Today's Range

$7.24

Now: $7.66▼

$7.67

50-Day Range

$6.19

MA: $7.00▼

$8.87

52-Week Range

$0.89

Now: $7.66▼

$13.60

Volume101,816 shs

Average Volume20.33 million shs

Market Capitalization$625.94 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 six retail stores. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

Overall MarketRank^™

1.09 out of 5 stars

Auto/Tires/Trucks Sector

87th out of 149 stocks

Motor Vehicles & Car Bodies Industry

26th out of 44 stocks

2.4 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 11.5% from its current price of $7.55.
Amount of Analyst Coverage
Electrameccanica Vehicles has only been the subject of 3 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Electrameccanica Vehicles has received 105 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Electrameccanica Vehicles has received 111 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Electrameccanica Vehicles has received 51.39% “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 -13.25, 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 -13.25, 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 19.36. 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

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

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 / Sales1,079.21

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.39 per share

Price / Book19.64

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$625.94 million

Next Earnings Date3/24/2021 (Estimated)

OptionableNot Optionable

$7.66

+0.11 (+1.46 %)

(As of 01/21/2021 11:27 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Electrameccanica Vehicles (NASDAQ:SOLO) Frequently Asked Questions

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

Electrameccanica Vehicles' stock was trading at $1.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SOLO shares have increased by 371.6% and is now trading at $7.31.
View which stocks have been most impacted by COVID-19.

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 MarketBeat's top 5 stock picks.

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.

What is Doug Parker's approval rating as Electrameccanica Vehicles' CEO?

1,428 employees have rated Electrameccanica Vehicles CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among Electrameccanica Vehicles' employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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) posted its earnings results on Tuesday, November, 10th. The company reported ($0.09) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.09). The firm earned $0.25 million during the quarter, compared to the consensus estimate of $0.07 million. Electrameccanica Vehicles had a negative return on equity of 61.89% and a negative net margin of 4,809.43%.
View Electrameccanica Vehicles' earnings history.

What price target have analysts set for SOLO?

5 Wall Street analysts have issued 1-year price targets for Electrameccanica Vehicles' stock. Their forecasts range from $4.00 to $12.25. On average, they expect Electrameccanica Vehicles' stock price to reach $8.42 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts' price targets for Electrameccanica Vehicles or view Wall Street analyst' top-rated stocks.

Who are some of Electrameccanica Vehicles' key competitors?

Some companies that are related to Electrameccanica Vehicles include Federal Signal (FSS), The Shyft Group (SHYF), The Shyft Group (SPAR), 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).

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)

What is Electrameccanica Vehicles' stock symbol?

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

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.

What is Electrameccanica Vehicles' stock price today?

One share of SOLO stock can currently be purchased for approximately $7.31.

How big of a company is Electrameccanica Vehicles?

Electrameccanica Vehicles has a market capitalization of $597.34 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. Electrameccanica Vehicles employs 63 workers across the globe.

What is Electrameccanica Vehicles' official website?

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

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 1/21/2021 by MarketBeat.com Staff

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