71 institutions hold shares in Electrameccanica Vehicles Corp. (SOLO), with 17.47M shares held by insiders accounting for 15.47% while institutional investors hold 12.87% of the company’s shares. Institutions hold 10.88% of the Float.
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The top institutional shareholder in the company is Invesco Ltd. with over 5.92 million shares valued at $36.62 million. The investor’s holdings represent 18.28% of the SOLO Shares outstanding. As of Dec 30, 2020, the second largest holder is Susquehanna International Group, LLP with 1.74 million shares valued at $10.75 million to account for 5.37% of the shares outstanding. The other top investors are Citigroup Inc. which holds 0.48 million shares representing 1.50% and valued at over $3.0 million, while Jane Street Group, LLC holds 1.46% of the shares totaling 0.47 million with a market value of $2.93 million.
Electrameccanica Vehicles Corp. (NASDAQ: SOLO) is -23.10% lower on its value in year-to-date trading and has touched a low of $0.90 and a high of $13.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SOLO stock was last observed hovering at around $4.98 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $10.38 for the next 12 months. It is also 68.79% off the consensus price target high of $15.25 offered by 4 analysts, but current levels are 45.85% higher than the price target low of $8.79 for the same period.
Currently trading at $4.76, the stock is -8.47% and -26.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.6 million and changing -4.42% at the moment leaves the stock -2.01% off its SMA200. SOLO registered 371.29% gain for a year compared to 6-month gain of 92.71%. The firm has a 50-day simple moving average (SMA 50) of $5.7724 and a 200-day simple moving average (SMA200) of $5.7321.
The stock witnessed a -2.46% loss in the last 1 month and extending the period to 3 months gives it a -29.06%, and is 1.93% 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 7.19% over the week and 8.27% over the month.
Electrameccanica Vehicles Corp. (SOLO) has around 119 employees, a market worth around $512.41M and $0.60M in sales. Distance from 52-week low is 428.89% and -65.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.70%).
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 08/30/2021.The EPS is expected to shrink by -26.50% this year