NASDAQ:SOLOElectrameccanica Vehicles Stock Price, Forecast & News

Electrameccanica Vehicles' stock was trading at $1.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SOLO stock has decreased by 12.3% and is now trading at $1.36. View which stocks have been most impacted by Coronavirus.

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.

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

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

3 analysts have issued 1-year price targets for Electrameccanica Vehicles' shares. Their forecasts range from $4.00 to $4.00. On average, they anticipate Electrameccanica Vehicles' share price to reach $4.00 in the next year. This suggests a possible upside of 194.1% from the stock's current price. View analysts' price targets for Electrameccanica Vehicles.

News articles about SOLO stock have been trending somewhat negative on Sunday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Electrameccanica Vehicles earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutElectrameccanica Vehicles.

Electrameccanica Vehicles saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,030,000 shares, a drop of 28.5% from the April 15th total of 1,440,000 shares. Based on an average daily volume of 351,400 shares, the days-to-cover ratio is currently 2.9 days. Currently, 5.2% of the shares of the stock are sold short. View Electrameccanica Vehicles' Current Options Chain.

Some companies that are related to Electrameccanica Vehicles include Toyota Motor (TM), Tesla (TSLA), VOLKSWAGEN AG/ADR (VWAGY), Honda Motor (HMC), Daimler (DDAIF), General Motors (GM), VOLVO AB/ADR (VLVLY), Ferrari (RACE), PACCAR (PCAR), Ford Motor (F), Fiat Chrysler Automobiles (FCAU), Hyundai Motor (HYMLF), SUBARU CORP/ADR (FUJHY), Nissan Motor (NSANY) and PEUGEOT SA/ADR (PUGOY). View all competitors.

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).

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

Electrameccanica Vehicles' stock is owned by a variety of institutional and retail investors. Top institutional investors include Advisor Group Holdings Inc. (0.07%).

SOLO stock was bought by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc..

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.

One share of SOLO stock can currently be purchased for approximately $1.36.

Electrameccanica Vehicles has a market capitalization of $52.07 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.

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

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]