Current Price of Electrameccanica Vehicles Corp. (NASDAQ:SOLO) Stock is +361.97% Higher from 90-Days Low

ROTH Capital rated the Electrameccanica Vehicles Corp. (NASDAQ: SOLO) stock “a Buy”. ROTH Capital’s estimates were contained in a research note released on Tuesday, July 09, 2019. Several other experts on Wall Street have posted such reports regarding the SOLO shares. According to The Benchmark Company, the stock is “a Speculative buy,” and set its price target at $6. The Benchmark Company published their figures in a research note released to investors on Wednesday, March 20, 2019.


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Wall Street analysts tracking the Electrameccanica Vehicles Corp. (NASDAQ: SOLO) stock on daily basis. Out of 2 analysts, 2 deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 0 recommended that SOLO is a HOLD, while 0 rated it UNDERWEIGHT and the same number recommended SELL.

Electrameccanica Vehicles Corp. has a market valuation of $749.89 million and last released its earnings reports on 11/10/2020. The company’s revenue for the quarter stood at $245.6 million. This return was more than $245.23 million from expected analysts’ estimates of $370k, which was 99.85% higher. SOLO Company also reported its earnings per share (EPS) as -$0.13 for the quarter, which miss consensus estimates by analysts of -$0.12 by -$0.01, surprisingly -8.30% lower.

The stock market has more often than not ended up being extremely baffling, catching even some of the more experienced traders by surprise. It happens that even when results are as projected, the market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price performance. Useful also would be knowledge of the stock’s trends, both the short term and long-term. Electrameccanica Vehicles Corp. (NASDAQ: SOLO) share prices have increased by 71.86% over the past week, but are up 281.98% over prices posted in the last quarter. Going further back, the stock’s price has tanked 865.18% over the last 6 months but is up 402.79% in year-to-date trading.

A recent spot check on the stock’s support and resistance revealed that the publicly-traded Electrameccanica Vehicles Corp. (NASDAQ: SOLO) shares are trading at a price close to -20.51% lower than its 90-day high. On the other hand, the stock is +361.97% away from its low in the 90-day period. More broadly, SOLO’s current price is 10.99% away from 52-week high. The price is 1114.47% above from its 52-week low.

For regular shareholders interested in finding out how worthwhile it would be to invest in the company, then note that Electrameccanica Vehicles Corp. has an ROE of -74.30%. An analysis will help understand that the lower the ROE figure; the worse a company is when it comes to generating profits. The term Return on Assets (ROA) is a ratio that points to a businesses’ profitability relative to overall assets. The company under our focus has a current ROA of -60.40%. If a business manages its assets well, then the ROA will be higher. However, the opposite will be true (lower returns) if that business is shown to be poor managers of their assets. A look at another ratio shows that Electrameccanica Vehicles Corp. has a Return on Investment (ROI) of -132.60%. When profits exceed costs, then the ROI percentage will be positive, and analysts will rate such business as having a net gain. However, if the percentage index is negative, then the company’s costs basically outweigh profits.

Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 28.94%, and 18.58% for the month. This stock’s Average True Range (ATR) currently stands at 1.15. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that particular moment is low.

Shares of the Electrameccanica Vehicles Corp. (NASDAQ: SOLO) gained by $1.17 during Friday’s regular trading session to climb to $10.81. The company had a daily trading volume of 162.85 million shares, higher than its average intra-day trading volumes of about 15.06M shares.

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Samuel Moore
Samuel Moore is a looked for after product and fates dealer, a choices master and expert. Samuel went through about 35 years on Wall Street, including two decades on the exchanging work area of different firms. “I have a huge Rolodex of data in my mind… such a large number of bull and bear markets. When something occurs, I don’t need to think. I simply respond. History tends to rehash itself again and again.”

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