NASDAQ:SOLO

Electrameccanica Vehicles - SOLO Stock Forecast, Price & News

$1.11

-0.02 (-1.77%)

(As of 11/29/2022 12:00 AM ET)

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Today's Range: $1.10
▼
$1.15
50-Day Range: $1.03
▼
$1.43
52-Week Range: $1.01
▼
$3.15

Volume: 312,086 shs
Average Volume: 1.37 million shs
Market Capitalization: $131.66 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Electrameccanica Vehicles MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
11.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.60
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.57) to ($0.38) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.19 out of 5 stars

Auto/Tires/Trucks Sector

104th out of 104 stocks

Motor Vehicles & Car Bodies Industry

33rd out of 33 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Electrameccanica Vehicles.

1.0

Short Interest

Percentage of Shares Shorted
11.26% of the float of Electrameccanica Vehicles has been sold short.
Short Interest Ratio / Days to Cover
Electrameccanica Vehicles has a short interest ratio ("days to cover") of 18.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Electrameccanica Vehicles has recently decreased by 4.17%, indicating that investor sentiment is improving.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SOLO.

3.7

News and Social Media Coverage

News Sentiment
Electrameccanica Vehicles has a news sentiment score of 1.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Electrameccanica Vehicles this week, compared to 1 article on an average week.
Social Mentions This Week
MarketBeat has tracked 3 reddit mentions for Electrameccanica Vehicles this week, compared to 0 mentions on an average week.
Search Interest
20 people have searched for SOLO on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Electrameccanica Vehicles to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

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 10.87% of the stock of Electrameccanica Vehicles is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Electrameccanica Vehicles are expected to grow in the coming year, from ($0.57) to ($0.38) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Electrameccanica Vehicles is -1.71, 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 -1.71, 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 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Electrameccanica Vehicles (NASDAQ:SOLO) Stock

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 Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com, as well as through 17 retail locations. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.

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SOLO Stock News Headlines

November 24, 2022 | finance.yahoo.com

3 EV Stocks to Sell Right Now … and 1 to Buy

November 16, 2022 | finance.yahoo.com

Electrameccanica Vehicles Third Quarter 2022 Earnings: Misses Expectations

November 15, 2022 | seekingalpha.com

ElectraMeccanica Vehicles Corp. (SOLO) Q3 2022 Earnings Call Transcript

November 14, 2022 | finance.yahoo.com

ElectraMeccanica Reports Third Quarter 2022 Financial Results

November 8, 2022 | finance.yahoo.com

ElectraMeccanica to Participate in Upcoming Events in Arizona and California

November 2, 2022 | finance.yahoo.com

ElectraMeccanica Announces Upcoming Investor Day

November 1, 2022 | finance.yahoo.com

7 Penny Stocks to Sell Pronto Before a Painful Downturn

October 27, 2022 | finance.yahoo.com

ElectraMeccanica Launches First-Ever TV Campaign

October 26, 2022 | finance.yahoo.com

ElectraMeccanica Vehicles Corp. to Announce Q3 2022 Earnings on November 14

October 6, 2022 | markets.businessinsider.com

ElectraMeccanica Secures License To Sell SOLO Electric Vehicle In Arizona

October 6, 2022 | finance.yahoo.com

ElectraMeccanica Secures License to Sell SOLO EV in Arizona

September 27, 2022 | finance.yahoo.com

3 Stock Investing Opportunities to Make 1,000% Gains

September 27, 2022 | finance.yahoo.com

3 Short-Squeeze Stocks Set to Spike

September 22, 2022 | msn.com

California Pizza Huts To Get Electric, 3-Wheeled, Single-Seater Delivery Vehicles

September 22, 2022 | marketwatch.com

Electrameccanica Vehicles Corp SOLO Trading Report

September 12, 2022 | finance.yahoo.com

The past five years for Electrameccanica Vehicles (NASDAQ:SOLO) investors has not been profitable

September 4, 2022 | nasdaq.com

Is Electrameccanica Vehicles (NASDAQ:SOLO) In A Good Position To Invest In Growth?

August 28, 2022 | seekingalpha.com

Electrameccanica Vehicles: Worth Keeping On One's Radar

August 23, 2022 | finance.yahoo.com

ElectraMeccanica Announces Management Changes

August 11, 2022 | finance.yahoo.com

ElectraMeccanica Vehicles Corp. (SOLO) Reports Q2 Loss, Misses Revenue Estimates

August 11, 2022 | finance.yahoo.com

ElectraMeccanica Reports Second Quarter 2022 Financial Results

August 1, 2022 | finance.yahoo.com

ElectraMeccanica Reports AGM Results

July 25, 2022 | finance.yahoo.com

Will Electrameccanica Vehicles (NASDAQ:SOLO) Spend Its Cash Wisely?

July 22, 2022 | bizjournals.com

East Valley facility fetches one of the highest industrial sale prices this year

July 16, 2022 | finance.yahoo.com

Why ElectraMeccanica Vehicles Dropped 11% Today

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SOLO Company Calendar

Last Earnings: 3/22/2021
Today: 11/29/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 3/28/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:SOLO
CUSIP: N/A
CIK: 1637736
Web: www.electrameccanica.com
Phone: (604) 428-7656
Fax: N/A
Employees: 216
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.65)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-41,330,000.00
Net Margins: -1,382.81%
Pretax Margin: -1,382.80%
Return on Equity: -35.37%
Return on Assets: -32.79%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 26.56
Quick Ratio: 25.25

Sales & Book Value

Annual Sales: $2.10 million
Price / Sales: 62.69
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.15 per share
Price / Book: 0.52

Miscellaneous

Outstanding Shares: 118,611,000
Free Float: N/A
Market Cap: $131.66 million
Optionable: Not Optionable
Beta: 2.22

Key Executives

Mr. Kevin Jerome Pavlov (Age 57)
Pres, CEO & Director
Comp: $774.62k

Mr. Jerry Kroll (Age 60)
Co-Founder & Director
Comp: $79.06k

Ms. Baljinder K. Bhullar CGA (Age 52)
CPA, CRM, Chief Compliance Officer
Comp: $463.87k

Mr. Mark Orsmond CA (Age 54)
Chief Financial Officer

Mr. Joseph R. Mitchell (Age 61)
Chief Operating Officer

Dean Anthony Dent II
Corp. Sec. & Gen. Counsel

Ms. Kim Anne Brink (Age 55)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SOLO Stock - Frequently Asked Questions

How have SOLO shares performed in 2022?: Electrameccanica Vehicles' stock was trading at $2.28 at the start of the year. Since then, SOLO stock has decreased by 51.3% and is now trading at $1.11.
View the best growth stocks for 2022 here.
When is Electrameccanica Vehicles' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 28th 2023.
View our SOLO earnings forecast.
How were Electrameccanica Vehicles' earnings last quarter?: Electrameccanica Vehicles Corp. (NASDAQ:SOLO) released its quarterly earnings data on Monday, March, 22nd. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by $0.37. The business had revenue of $0.22 million for the quarter, compared to analysts' expectations of $0.16 million. Electrameccanica Vehicles had a negative trailing twelve-month return on equity of 35.37% and a negative net margin of 1,382.81%.
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 shareholders include Baird Financial Group Inc. (1.07%), Citadel Advisors LLC (0.00%), BNP Paribas Arbitrage SNC (0.15%), Vontobel Holding Ltd. (0.14%), Wolverine Trading LLC (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 $1.11.
How much money does Electrameccanica Vehicles make?: Electrameccanica Vehicles (NASDAQ:SOLO) has a market capitalization of $131.66 million and generates $2.10 million in revenue each year. The company earns $-41,330,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis.
How many employees does Electrameccanica Vehicles have?: The company employs 216 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 11/29/2022 by MarketBeat.com Staff

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Electrameccanica Vehicles - SOLO Stock Forecast, Price & News

Electrameccanica Vehicles MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month