Electrameccanica Vehicles Corp. (NASDAQ: SOLO) is 7.43% higher on its value in year-to-date trading and has touched a low of $0.89 and a high of $13.60 in the current 52-week trading range. The SOLO stock was last observed hovering at around $6.65 in the last trading session, with the day’s gains setting it 0.38% off its average median price target of $11.49 for the next 12 months. It is also 56.17% off the consensus price target high of $16.04 offered by 4 analysts, but current levels are 26.39% higher than the price target low of $9.55 for the same period.
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Currently trading at $7.03, the stock is 2.85% and 14.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.94 million and changing 5.64% at the moment leaves the stock 121.51% off its SMA200. SOLO registered 199.55% gain for a year compared to 6-month gain of 41.19%. The firm has a 50-day simple moving average (SMA 50) of $7.34 and a 200-day simple moving average (SMA200) of $4.06.
The stock witnessed a -2.92% loss in the last 1 month and extending the period to 3 months gives it a 172.54%, and is 1.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.09% over the week and 10.06% over the month.
Electrameccanica Vehicles Corp. (SOLO) has around 63 employees, a market worth around $580.21M and $0.60M in sales. Distance from 52-week low is 689.24% and -48.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-132.50%).
Electrameccanica Vehicles Corp. (SOLO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Electrameccanica Vehicles Corp. (SOLO) is a “Buy”. 4 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Electrameccanica Vehicles Corp. is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $140k over the same period.The EPS is expected to shrink by -126.20% this year, but quarterly earnings will post -8.60% year-over-year. Quarterly sales are estimated to shrink -37.60% in year-over-year returns.
Electrameccanica Vehicles Corp. (SOLO) Top Institutional Holders
40 institutions hold shares in Electrameccanica Vehicles Corp. (SOLO), with 17.25M shares held by insiders accounting for 22.17% while institutional investors hold 6.84% of the company’s shares. The shares outstanding are 69.95M, and float is at 63.60M with Short Float at 12.23%. Institutions hold 5.33% of the Float.
The top institutional shareholder in the company is Invesco Ltd. with over 1.36 million shares valued at $3.39 million. The investor’s holdings represent 4.20% of the SOLO Shares outstanding. As of Sep 29, 2020, the second largest holder is Susquehanna International Group, LLP with 0.96 million shares valued at $2.38 million to account for 2.96% of the shares outstanding. The other top investors are Morgan Stanley which holds 0.64 million shares representing 1.98% and valued at over $1.6 million, while Perkins Capital Management, Inc. holds 1.10% of the shares totaling 0.36 million with a market value of $0.89 million.