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NASDAQ:SOLOElectrameccanica Vehicles Stock Price, Forecast & News

$3.13
+0.80 (+34.33 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$2.43
Now: $3.13
$3.55
50-Day Range
$1.00
MA: $1.51
$2.56
52-Week Range
$0.89
Now: $3.13
$3.55
Volume126.55 million shs
Average Volume3.68 million shs
Market Capitalization$144.85 million
P/E RatioN/A
Dividend YieldN/A
Beta1.79
Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles. The company sells its vehicles online through electrameccanica.com Website. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.13 out of 5 stars


Industry, Sector and Symbol

Industry Motor vehicles & car bodies
Sub-IndustryN/A
Current SymbolNASDAQ:SOLO
CUSIPN/A
CIKN/A
Phone604-428-7656

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$580,000.00
Book Value$0.39 per share

Profitability

Net Income$-23,170,000.00
Net Margins-1,527.14%

Miscellaneous

Employees63
Market Cap$144.85 million
Next Earnings Date8/13/2020 (Estimated)
OptionableNot Optionable

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Electrameccanica Vehicles (NASDAQ:SOLO) Frequently Asked Questions

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

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 (WHO). Since then, SOLO stock has increased by 101.9% and is now trading at $3.13. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Electrameccanica Vehicles?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Electrameccanica Vehicles.

When is Electrameccanica Vehicles' next earnings date?

Electrameccanica Vehicles is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Electrameccanica Vehicles.

How were Electrameccanica Vehicles' earnings last quarter?

Electrameccanica Vehicles Corp (NASDAQ:SOLO) issued its quarterly earnings data on Tuesday, May, 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.03. The firm had revenue of $0.09 million for the quarter, compared to analysts' expectations of $0.08 million. Electrameccanica Vehicles had a negative net margin of 1,527.14% and a negative return on equity of 83.31%. View Electrameccanica Vehicles' earnings history.

What price target have analysts set for SOLO?

3 analysts have issued twelve-month target prices for Electrameccanica Vehicles' shares. Their forecasts range from $4.00 to $4.00. On average, they expect Electrameccanica Vehicles' share price to reach $4.00 in the next year. This suggests a possible upside of 27.8% from the stock's current price. View analysts' price targets for Electrameccanica Vehicles.

Has Electrameccanica Vehicles been receiving favorable news coverage?

News stories about SOLO stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Electrameccanica Vehicles earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Electrameccanica Vehicles.

Are investors shorting Electrameccanica Vehicles?

Electrameccanica Vehicles saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 842,600 shares, an increase of 7.1% from the May 31st total of 786,700 shares. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.0% of the company's stock are sold short. View Electrameccanica Vehicles' Current Options Chain.

Who are some of Electrameccanica Vehicles' key 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), InterDigital Wireless (IDCC), Bank of Hawaii (BOH), Aurora Cannabis (ACB), Canopy Growth (CGC), Aphria (APHA), Stag Industrial (STAG), American Airlines Group (AAL), Coty (COTY) and Cronos Group (CRON).

Who are Electrameccanica Vehicles' key executives?

Electrameccanica Vehicles' management team includes the following people:
  • Mr. Jerry Kroll, Founder, CEO & Director (Age 57)
  • Mr. Henry Reisner, Founder, Pres, COO & Director (Age 55)
  • Mr. Edward Theobald, Gen. Mang. of Sales & Dealerships (Age 68)
  • Mr. Kulwant Sandher B.Sc., C.A., C.P.A., CPA, CA, Consultant (Age 57)
  • Ms. Baljinder Bhullar, CFO & Sec. (Age 49)

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 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 $3.13.

How big of a company is Electrameccanica Vehicles?

Electrameccanica Vehicles has a market capitalization of $144.85 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 7/3/2020 by MarketBeat.com Staff

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