NASDAQ:SOLO

Electrameccanica Vehicles (SOLO) Stock Forecast, Price & News

$0.52

-0.02 (-3.68%)

(As of 06/9/2023 ET)

Compare

Today's Range: $0.51
▼
$0.55
50-Day Range: $0.47
▼
$0.62
52-Week Range: $0.44
▼
$1.87

Volume: 536,911 shs
Average Volume: 787,135 shs
Market Capitalization: $62.39 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $0.60

Electrameccanica Vehicles MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 14.7% Upside
$0.60 Price Target
Short Interest: Bearish
6.87% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.56) to ($0.60) Per Share

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 stars

Auto/Tires/Trucks Sector

93rd out of 95 stocks

Motor Vehicles & Car Bodies Industry

29th out of 29 stocks

2.0

Analyst's Opinion

Consensus Rating
Electrameccanica 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/Downside
According 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 Coverage
Electrameccanica Vehicles has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.87% 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 10.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Electrameccanica Vehicles has recently decreased by 19.46%, indicating that investor sentiment is improving significantly.

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.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Electrameccanica Vehicles this week, compared to 1 article on an average week.
Search Interest
Only 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 Follows
Only 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.

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 Insiders
Only 9.80% of the stock of Electrameccanica Vehicles is held by insiders.
Percentage Held by Institutions
Only 8.93% of the stock of Electrameccanica Vehicles is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Electrameccanica 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.

See Top Rated MarketRank™ Stocks Here

About Electrameccanica Vehicles (NASDAQ:SOLO) Stock

Electrameccanica 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.

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SOLO Stock News Headlines

June 9, 2023 | msn.com

Electrameccanica: Product Recall, Trading Below Cash

May 28, 2023 | americanbankingnews.com

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) Sees Large Decline in Short Interest

June 10, 2023 | Behind the Markets (Ad)

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=== 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.com

3 Surprising Short-Squeeze Opportunities to Jump On Now

May 25, 2023 | msn.com

I've driven 28 electric cars. These were my least favorite

May 15, 2023 | bizjournals.com

Mesa's ElectraMeccanica reports Q1 earnings loss, company to buy back recalled electric vehicles

May 15, 2023 | msn.com

Electrameccanica Vehicles GAAP EPS of -$0.10, revenue of $0.5M

May 15, 2023 | finance.yahoo.com

ElectraMeccanica Vehicles Corp. Files Q1 2023 Financial Results

June 10, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." 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.com

7 Sorry EV Stocks to Sell in May Before It’s Too Late

April 29, 2023 | marketwatch.com

When Electrameccanica Vehicles Corp ($SOLO) Moves Investors should Listen

April 19, 2023 | foxnews.com

ElectraMeccanica buying back all of 3-wheel Solo EVs and discontinuing the vehicle

April 18, 2023 | msn.com

Roth MKM Downgrades Electrameccanica Vehicles (SOLO)

April 18, 2023 | msn.com

Electrameccanica Vehicles stock is downgraded at Roth MKM with progress sputtering

April 16, 2023 | msn.com

Eco-Friendly and Affordable: Introducing the ElectraMeccanica SOLO EV

April 10, 2023 | finance.yahoo.com

Revving Up the STAG: Volcon Taps ElectraMeccanica For Additional Electric Vehicle Assembly

April 10, 2023 | msn.com

Volcon partners with ElectraMeccanica Vehicles for EV assembly

April 10, 2023 | finance.yahoo.com

Volcon & GLV Award ElectraMeccanica Additional Assembly Contract for Fully Electric STAG at EMV’s Mesa, AZ Facility

April 7, 2023 | finance.yahoo.com

11 Best EV Stocks For The Long Term

March 31, 2023 | benzinga.com

EV Stock Alert: Should You Charge Your Portfolio With Electrameccanica Vehicles Corp (SOLO) Wednesday?

March 31, 2023 | seekingalpha.com

Electrameccanica: I Was Wrong About This EV Small-Cap Stock

March 30, 2023 | msn.com

Electric cars I'd never buy, after driving 24 different models

March 29, 2023 | msn.com

Electric cars I'd never buy, after driving 22 different models

March 23, 2023 | bizjournals.com

Reversing course: Mesa's ElectraMeccanica halts production of three-wheeled electric vehicles

March 23, 2023 | americanbankingnews.com

Electrameccanica Vehicles (NASDAQ:SOLO) Downgraded by Stifel Nicolaus

March 22, 2023 | benzinga.com

Electrameccanica Vehicles Stock (NASDAQ:SOLO), Guidance and Forecast

March 22, 2023 | benzinga.com

Electrameccanica Vehicles Stock (NASDAQ:SOLO), Short Interest Report

See More Headlines

SOLO Price History

30 days | 90 days | 365 days | Advanced Chart

SOLO Company Calendar

Last Earnings: 4/17/2023
Today: 6/09/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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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: 104
Year Founded: N/A

Price 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 Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.99)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: N/A
Current Ratio: 4.53
Quick Ratio: 4.38

Sales & Book Value

Annual Sales: $6.81 million
Price / Sales: 9.16
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.07 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 119,290,000
Free Float: 107,598,000
Market Cap: $62.39 million
Optionable: Not Optionable
Beta: 2.65

Key Executives

Ms. Susan E. Docherty (Age 60)
CEO, Interim COO & Director
Comp: $683.9k

Mr. Jerry Kroll (Age 61)
Co-Founder & Director
Comp: $90k

Mr. Mark Orsmond CA (Age 55)
Chief Financial Officer
Comp: $455.51k

Ms. Kim Anne Brink (Age 56)
Chief Revenue Officer
Comp: $590.6k

Mr. Ajay Kumar
VP of IT & Chief Information Officer

Mr. Michael Bridge (Age 59)
Gen. Counsel & Corp. Sec.

Mr. Andrew Blair
VP of HR

Mr. Conark Shah
VP of Strategy & Chief of Staff

Key Competitors

View All Competitors

Institutional Ownership

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

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