Should I buy or sell Electrameccanica Vehicles stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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 target for 2024?

1 analysts have issued twelve-month price objectives for Electrameccanica Vehicles' stock. Their SOLO share price targets range from $0.40 to $0.40. On average, they anticipate the company's stock price to reach $0.40 in the next year. This suggests a possible upside of 88.5% 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 2024?

Electrameccanica Vehicles' stock was trading at $0.3354 at the beginning of 2024. Since then, SOLO stock has decreased by 36.7% and is now trading at $0.2122. View the best growth stocks for 2024 here .

Are investors shorting Electrameccanica Vehicles?

Electrameccanica Vehicles saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 29,300 shares, a decline of 99.2% from the March 15th total of 3,480,000 shares. Based on an average trading volume of 436,000 shares, the days-to-cover ratio is currently 0.1 days. View Electrameccanica Vehicles' Short Interest .

When is Electrameccanica Vehicles' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our SOLO earnings forecast .

How were Electrameccanica Vehicles' earnings last quarter?

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) posted its earnings results on Friday, March, 8th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Electrameccanica Vehicles had a negative net margin of 2,290.59% and a negative trailing twelve-month return on equity of 46.23%.

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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SOLO

Electrameccanica Vehicles (SOLO) Stock Price, News & Analysis

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$0.21

-0.01 (-3.55%)

(As of 03/26/2024)

Compare

Today's Range: $0.21
▼
$0.22
50-Day Range: $0.21
▼
$0.27
52-Week Range: $0.20
▼
$1.04

Volume: 437,400 shs
Average Volume: 522,441 shs
Market Capitalization: $25.36 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $0.40

Get Electrameccanica Vehicles alerts:

Electrameccanica Vehicles MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 88.5% Upside
$0.40 Price Target
Short Interest: Healthy
0.02% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.33) to ($0.55) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.06 out of 5 stars

Auto/Tires/Trucks Sector

65th out of 74 stocks

Motor Vehicles & Car Bodies Industry

20th out of 24 stocks

3.0

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.
Amount of Analyst Coverage
Electrameccanica Vehicles has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.02% of the outstanding shares of Electrameccanica Vehicles have been sold short.
Short Interest Ratio / Days to Cover
Electrameccanica Vehicles has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Electrameccanica Vehicles has recently decreased by 99.16%, 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

Search Interest
Only 6 people have searched for SOLO on MarketBeat in the last 30 days. This is a decrease of 0% 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 8.70% of the stock of Electrameccanica Vehicles is held by insiders.
Percentage Held by Institutions
Only 1.87% 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 ($0.33) to ($0.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Electrameccanica Vehicles is -0.45, 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 -0.45, 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 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Electrameccanica Vehicles Stock (NASDAQ:SOLO)

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 and custom built vehicles. The company sells its vehicles through direct-to-consumer online marketing, 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.

SOLO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SOLO Stock News Headlines

March 20, 2024 | globenewswire.com

ElectraMeccanica Vehicles Corp. Reports Results of Special Meeting of Shareholders

March 16, 2024 | finance.yahoo.com

SOLO Apr 2024 1.000 call

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March 16, 2024 | finance.yahoo.com

SOLO Apr 2024 1.000 put

March 14, 2024 | globenewswire.com

ElectraMeccanica Reminds Shareholders to Vote in Favour of the Proposed Combination With Xos and Provides Additional Disclosure

March 12, 2024 | finance.yahoo.com

SOLO Jun 2024 1.000 put

March 1, 2024 | businesswire.com

ElectraMeccanica Founder and Former Board Member Jerry Kroll Agrees to Vote in Favor of Proposed Combination with Xos, Inc.

March 1, 2024 | investing.com

Electrameccanica Vehicles Corp (SOLO)

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

February 27, 2024 | businesswire.com

ELECTRAMECCANICA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of ElectraMeccanica Vehicles Corp. - SOLO

February 27, 2024 | businesswire.com

ElectraMeccanica Completes Mailing of Proxy Materials to Approve the Proposed Combination with Xos

February 23, 2024 | seekingalpha.com

SOLO Electrameccanica Vehicles Corp.

February 20, 2024 | finance.yahoo.com

Electrameccanica Vehicles Corp. (SOLO) stock forecast and price target

February 13, 2024 | finance.yahoo.com

ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos

February 13, 2024 | businesswire.com

February 6, 2024 | finance.yahoo.com

3 EV Stocks to Sell in January Before They Crash and Burn

January 24, 2024 | finanznachrichten.de

Xos, Inc.: ElectraMeccanica and Xos Host Joint Investor Call to Provide Shareholder Update

January 11, 2024 | msn.com

Xos gains cash for expansion on merger with ElectraMeccanica

January 11, 2024 | tmcnet.com

SOLO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of ElectraMeccanica Vehicles Corp. Is Fair to Shareholders

January 2, 2024 | finance.yahoo.com

Here's Why Electrameccanica Vehicles (NASDAQ:SOLO) Must Use Its Cash Wisely

December 20, 2023 | bizjournals.com

ElectraMeccanica puts Mesa plant on the sublease market

December 19, 2023 | msn.com

2 EV Stocks to Sell in 2023 Before It's Too Late

December 19, 2023 | techcrunch.com

The small and affordable EVs we lost in 2023

December 6, 2023 | finance.yahoo.com

ElectraMeccanica Provides Shareholders with December CEO Update

November 30, 2023 | bizjournals.com

Mesa's ElectraMeccanica, Tevva reach settlement in lawsuit over failed merger

November 28, 2023 | finance.yahoo.com

ElectraMeccanica and Tevva Resolve Merger Litigation

November 7, 2023 | finance.yahoo.com

Complaint Filed Against ElectraMeccanica in Connection With Termination of Arrangement

See More Headlines

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Company Calendar

Last Earnings: 3/08/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Current Symbol: NASDAQ:SOLO
CUSIP: N/A
CIK: 1637736
Web: www.electrameccanica.com
Phone: (604) 428-7656
Fax: N/A
Employees: 34
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $0.40
High Stock Price Target: $0.40
Low Stock Price Target: $0.40
Potential Upside/Downside: +88.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.47)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-57,580,000.00
Net Margins: -2,290.59%
Pretax Margin: -9,470.56%
Return on Equity: -46.23%
Return on Assets: -35.84%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 13.36
Quick Ratio: 12.91

Sales & Book Value

Annual Sales: $610,000.00
Price / Sales: 41.57
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.61 per share
Price / Book: 0.35

Miscellaneous

Outstanding Shares: 119,500,000
Free Float: 109,099,000
Market Cap: $25.36 million
Optionable: Not Optionable
Beta: 2.60

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Key Executives

Ms. Susan E. Docherty (Age 61)
CEO, Interim COO & Director
Comp: $1.72M
Mr. Stephen Johnston (Age 53)
Chief Financial Officer
Comp: $377.96k
Mr. Michael Bridge (Age 59)
General Counsel & Corporate Secretary
Comp: $661.28k
Ms. Kim Anne Brink (Age 57)
Chief Revenue Officer
Mr. Ajay Kumar
Vice President of IT & Chief Information Officer
Mr. Conark Shah
Vice President of Strategy & Chief of Staff

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SOLO Stock Analysis - Frequently Asked Questions

Should I buy or sell Electrameccanica Vehicles stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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 target for 2024?: 1 analysts have issued twelve-month price objectives for Electrameccanica Vehicles' stock. Their SOLO share price targets range from $0.40 to $0.40. On average, they anticipate the company's stock price to reach $0.40 in the next year. This suggests a possible upside of 88.5% 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 2024?: Electrameccanica Vehicles' stock was trading at $0.3354 at the beginning of 2024. Since then, SOLO stock has decreased by 36.7% and is now trading at $0.2122.
View the best growth stocks for 2024 here.
Are investors shorting Electrameccanica Vehicles?: Electrameccanica Vehicles saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 29,300 shares, a decline of 99.2% from the March 15th total of 3,480,000 shares. Based on an average trading volume of 436,000 shares, the days-to-cover ratio is currently 0.1 days.
View Electrameccanica Vehicles' Short Interest.

When is Electrameccanica Vehicles' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our SOLO earnings forecast.
How were Electrameccanica Vehicles' earnings last quarter?: Electrameccanica Vehicles Corp. (NASDAQ:SOLO) posted its earnings results on Friday, March, 8th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Electrameccanica Vehicles had a negative net margin of 2,290.59% and a negative trailing twelve-month return on equity of 46.23%.
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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SOLO) was last updated on 4/18/2024 by MarketBeat.com Staff

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