Electrameccanica Vehicles (SOLO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $0.21 to $0.21
• 50-Day Range: $0.21 to $0.25
• 52-Week Range: $0.20 to $1.04
• Volume: N/A
• Average Volume: 522,441 shs
• Market Capitalization: $25.36 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $0.40
• Consensus Rating: Hold

Electrameccanica Vehicles Stock Analysis - MarketRank™

Electrameccanica Vehicles scored higher than 14% of companies evaluated by MarketBeat, and ranked 83rd out of 91 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

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.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SOLO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Electrameccanica Vehicles does not currently pay a dividend.

Dividend Growth

Electrameccanica Vehicles does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SOLO.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for SOLO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

SOLO Stock Analysis - Frequently Asked Questions

How were Electrameccanica Vehicles' earnings last quarter?

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) announced its quarterly earnings results on Monday, March, 22nd. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.37. The company had revenue of $0.22 million for the quarter, compared to analyst estimates of $0.16 million. Electrameccanica Vehicles had a negative trailing twelve-month return on equity of 46.23% and a negative net margin of 2,290.59%.

What other stocks do shareholders of Electrameccanica Vehicles own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Electrameccanica Vehicles investors own include Zomedica (ZOM), NIO (NIO), Block (SQ), Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META).

Company Calendar

• Last Earnings: 3/22/2021
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

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