Electrameccanica Vehicles Corp. (NASDAQ:SOLO) does about 14.95M shares in volume on a normal day but saw 6846963 shares change hands in Monday trading. The company now has a market cap of 186.63M USD and an enterprise value of about $147.45M. Its current market price is $2.82, marking an increase of 0.71% compared to the previous close of $2.80. The 52 week high reached by this stock is $6.00 whilst the lowest price level in 52 weeks is $0.89. The script in recent trading has seen the stock touch a high of $2.95 and a low of $2.6885.
Electrameccanica Vehicles Corp. (SOLO) has a 20-day trading average at $2.89 and the current price is -53.00% off the 52-week high compared with 216.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.09 and its 200-day simple moving average is $2.01. If we look at the stock’s price movements over the week, volatility stands at 11.02%, which decreases to 8.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.13 to suggest the stock is neutral.
2 analysts observing the Electrameccanica Vehicles Corp. (SOLO) stock have set the 12-month price targets for the company’s shares at between $4.00 and $7.50. The median price target is 50.96% away from the current levels at $5.75.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 09, 2019 when ROTH Capital initiated the stock to “Buy” and issued a price target of .
The current price level is -3.28%, -8.21%, and 40.68% away from its SMA20, SMA50, and SMA200 respectively, with the SOLO price moving above the 50-day SMA on August 31. Electrameccanica Vehicles Corp. (SOLO) stock is down -0.35% over the week and -10.76% over the past month. Its price is 31.16% year-to-date and 17.01% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.21 below consensus estimates by -$0.08. The company’s next earnings report is expected on 11/23/2020, with forecasts estimating quarterly EPS at -$0.11 and -$0.57 for whole year. SOLO’s earnings per share are forecast to grow by 5.00% this year and 8.80% over next year. Expected sales for next quarter are $510k, which analysts say will come at $740k for the current fiscal year and next year at $16.37 million. In addition, estimates put the company’s current quarterly revenue at an average of $100k.
Its 12-month price target is $5.75. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $7.50.
Outstanding shares total 46.04M with insiders holding 47.90% of the shares and institutional holders owning 0.45% of the company’s common stock. The company has a return on investment of -132.90% and return on equity of -94.10%. Price to book ratio is 2.97 and price to sales ratio is 373.26.
Fidelity Nasdaq Composite Index F isn’t the only investment manager who changed stakes and is followed by Garadasa, SICAV, which added 5060.0 shares to end up with 16,841 shares worth $53218.0. Delzapeg, SICAV raise their holdings by 84.27% in the company over the course of the most recent quarter. It now holds a 0.02% position in Electrameccanica Vehicles Corp. thanks to 10997.0 shares amounting to $34751.0.