NASDAQ:SOLO Electrameccanica Vehicles Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $2.58 -0.02 (-0.77 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$2.53Now: $2.58▼$2.6250-Day Range$2.56MA: $2.82▼$3.2852-Week Range$0.89Now: $2.58▼$6.00Volume2.07 million shsAverage Volume6.02 million shsMarket Capitalization$189.43 millionP/E RatioN/ADividend YieldN/ABeta1.78 ProfileAnalyst RatingsChartCompetitorsEarningsInstitutional OwnershipHeadlinesShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingElectrameccanica Vehicles has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.00, Electrameccanica Vehicles has a forecasted upside of 55.0% from its current price of $2.58.Amount of Analyst CoverageElectrameccanica Vehicles has only been the subject of 1 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesElectrameccanica Vehicles has received 96 “outperform” votes. (Add your “outperform” vote.)Underperform VotesElectrameccanica Vehicles has received 105 “underperform” votes. (Add your “underperform” vote.)Community SentimentElectrameccanica Vehicles has received 52.24% “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. 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 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 InstitutionsOnly 2.01% 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 grow in the coming year, from ($0.41) to ($0.37) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Electrameccanica Vehicles is -4.96, 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 -4.96, 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 6.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.26 out of 5 stars 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 Phone604-428-7656Debt Debt-to-Equity Ratio0.01 Current Ratio26.20 Quick Ratio25.62Price-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 / Sales326.60 Cash FlowN/A Price / Cash FlowN/A Book Value$0.39 per share Price / Book6.62Profitability EPS (Most Recent Fiscal Year)($0.64) Net Income$-23,170,000.00 Net Margins-4,274.44% Return on Equity-94.40% Return on Assets-69.61%Miscellaneous Employees63 Outstanding Shares73,421,000Market Cap$189.43 million Next Earnings Date11/13/2020 (Estimated) OptionableNot Optionable $2.58 -0.02 (-0.77 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive SOLO News and Ratings via Email Sign-up to receive the latest news and ratings for SOLO and its competitors with MarketBeat's FREE daily newsletter. Electrameccanica Vehicles (NASDAQ:SOLO) Frequently Asked Questions How has Electrameccanica Vehicles' stock been impacted by Coronavirus (COVID-19)? 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 66.5% and is now trading at $2.58. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Electrameccanica Vehicles? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1 hold rating and 1 buy rating 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 Friday, November 13th 2020. View our earnings forecast for Electrameccanica Vehicles. How were Electrameccanica Vehicles' earnings last quarter? Electrameccanica Vehicles Corp (NASDAQ:SOLO) issued its earnings results on Tuesday, August, 11th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.08. The firm had revenue of $0.01 million for the quarter, compared to analysts' expectations of $0.14 million. Electrameccanica Vehicles had a negative return on equity of 94.40% and a negative net margin of 4,274.44%. View Electrameccanica Vehicles' earnings history. What price target have analysts set for SOLO? 2 analysts have issued 1 year price targets for Electrameccanica Vehicles' stock. Their forecasts range from $4.00 to $4.00. On average, they expect Electrameccanica Vehicles' share price to reach $4.00 in the next twelve months. This suggests a possible upside of 55.0% from the stock's current price. View analysts' price targets for Electrameccanica Vehicles. Are investors shorting Electrameccanica Vehicles? Electrameccanica Vehicles saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,030,000 shares, an increase of 45.7% from the August 15th total of 2,080,000 shares. Based on an average daily volume of 13,960,000 shares, the short-interest ratio is currently 0.2 days. View Electrameccanica Vehicles' Short Interest. Who are some of Electrameccanica Vehicles' key competitors? Some companies that are related to Electrameccanica Vehicles include The Shyft Group (SHYF), Spartan Motors (SPAR), Rev Group (REVG), Kandi Technologies Group (KNDI), Stagecoach Group (SAGKF), ELIO MOTORS INC/SH SH (ELIO), Greenkraft (GKIT), EMAV (EMAV) and T3M (TTTM). View all 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), Blink Charging (BLNK), Sorrento Therapeutics (SRNE), Workhorse Group (WKHS), Micron Technology (MU), Nikola (NKLA), Intel (INTC) and NVIDIA (NVDA). 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." Who are Electrameccanica Vehicles' major shareholders? Electrameccanica Vehicles' stock is owned by many different institutional and retail investors. Top institutional shareholders include Two Sigma Securities LLC (0.07%), Advisor Group Holdings Inc. (0.06%), Schonfeld Strategic Advisors LLC (0.06%), Raymond James Financial Services Advisors Inc. (0.04%) and ETRADE Capital Management LLC (0.02%). Which institutional investors are buying Electrameccanica Vehicles stock? SOLO stock was acquired by a variety of institutional investors in the last quarter, including Two Sigma Securities LLC, Schonfeld Strategic Advisors LLC, Advisor Group Holdings Inc., Raymond James Financial Services Advisors Inc., and ETRADE Capital Management LLC. 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 $2.58. How big of a company is Electrameccanica Vehicles? Electrameccanica Vehicles has a market capitalization of $189.43 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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