Friday, February 26, 2021

Electrameccanica Vehicles Corp. [SOLO] Revenue clocked in at $0.60 million, up 31.83% YTD: What’s Next?

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Electrameccanica Vehicles Corp. [NASDAQ: SOLO] slipped around -0.13 points on Friday, while shares priced at $8.16 at the close of the session, down -1.57%. The company report on January 15, 2021 that ElectraMeccanica Increases Retail Footprint into Three New Cities and Expands “Drive SOLO” Marketing and Ad Campaign.

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Expands Retail Presence for the Single-Occupant SOLO EV by Three New Locations in Q1, Bringing the Total Retail Locations to 13 Across Three Western States (AZ, CA, & OR).


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“SOLO Drive Tour” Invitation-Only Test Drive Events to Hit Five Cities.

Electrameccanica Vehicles Corp. stock is now 31.83% up from its year-to-date (YTD) trading value. SOLO Stock saw the intraday high of $8.35 and lowest of $7.77 per share. The company’s 52-week high price is 13.60, which means current price is +30.35% above from all time high which was touched on 01/12/21.

Compared to the average trading volume of 23.75M shares, SOLO reached a trading volume of 14982829 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Electrameccanica Vehicles Corp. [SOLO]?

Stifel have made an estimate for Electrameccanica Vehicles Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2020. The new note on the price target was released on July 09, 2019, representing the official price target for Electrameccanica Vehicles Corp. stock. Previously, the target price had yet another raise to $6, while The Benchmark Company analysts kept a Speculative Buy rating on SOLO stock.

The Average True Range (ATR) for Electrameccanica Vehicles Corp. is set at 0.76, with the Price to Sales ratio for SOLO stock in the period of the last 12 months amounting to 1128.94. The Price to Book ratio for the last quarter was 6.69, with the Price to Cash per share for the same quarter was set at 0.96.

How has SOLO stock performed recently?

Electrameccanica Vehicles Corp. [SOLO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.16. With this latest performance, SOLO shares gained by 10.27% in over the last four-week period, additionally plugging by 139.30% over the last 6 months – not to mention a rise of 257.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOLO stock in for the last two-week period is set at 59.27, with the RSI for the last a single of trading hit 60.97, and the three-weeks RSI is set at 58.62 for Electrameccanica Vehicles Corp. [SOLO]. The present Moving Average for the last 50 days of trading for this stock 7.16, while it was recorded at 7.83 for the last single week of trading, and 3.54 for the last 200 days.

Electrameccanica Vehicles Corp. [SOLO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Electrameccanica Vehicles Corp. [SOLO] shares currently have an operating margin of -3602.19 and a Gross Margin at -120.84. Electrameccanica Vehicles Corp.’s Net Margin is presently recorded at -3962.55.

Return on Total Capital for SOLO is now -129.52, given the latest momentum, and Return on Invested Capital for the company is -144.55. Return on Equity for this stock declined to -147.60, with Return on Assets sitting at -103.12. When it comes to the capital structure of this company, Electrameccanica Vehicles Corp. [SOLO] has a Total Debt to Total Equity ratio set at 7.72. Additionally, SOLO Total Debt to Total Capital is recorded at 7.17, with Total Debt to Total Assets ending up at 4.83. Long-Term Debt to Equity for the company is recorded at 4.53, with the Long-Term Debt to Total Capital now at 4.20.

Reflecting on the efficiency of the workforce at the company, Electrameccanica Vehicles Corp. [SOLO] managed to generate an average of -$367,755 per employee. Receivables Turnover for the company is 0.96 with a Total Asset Turnover recorded at a value of 0.03.Electrameccanica Vehicles Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 28.20 and a Current Ratio set at 28.50.

Earnings analysis for Electrameccanica Vehicles Corp. [SOLO]

With the latest financial reports released by the company, Electrameccanica Vehicles Corp. posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SOLO.

Insider trade positions for Electrameccanica Vehicles Corp. [SOLO]

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Positions in Electrameccanica Vehicles Corp. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 30 institutional holders increased their position in Electrameccanica Vehicles Corp. [NASDAQ:SOLO] by around 3,880,509 shares. Additionally, 17 investors decreased positions by around 1,164,848 shares, while 3 investors held positions by with 729,668 shares. The mentioned changes placed institutional holdings at 4,315,689 shares, according to the latest SEC report filing. SOLO stock had 19 new institutional investments in for a total of 2,359,399 shares, while 12 institutional investors sold positions of 1,135,312 shares during the same period.

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