Electrameccanica Vehicles Corp. (NASDAQ:SOLO) went up by 1.52% from its latest closing price compared to the recent 1-year high of $13.60. The company’s stock price has collected 13.56% of gains in the last five trading sessions. Press Release reported on 05/13/21 that ElectraMeccanica Reports First Quarter 2021 Financial Results
Is It Worth Investing in Electrameccanica Vehicles Corp. (NASDAQ :SOLO) Right Now?
Plus, the 36-month beta value for SOLO is at 2.68. Opinions of the stock are interesting as 4 analysts out of 4 who provided ratings for Electrameccanica Vehicles Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $10.99. SOLO currently public float of 95.83M and currently shorts hold a 19.42% ratio of that float. Today, the average trading volume of SOLO was 5.68M shares.
SOLO’s Market Performance
SOLO stocks went up by 13.56% for the week, with a monthly jump of 43.87% and a quarterly performance of -18.29%, while its annual performance rate touched 84.65%. The volatility ratio for the week stands at 10.30% while the volatility levels for the past 30 days are set at 8.23% for Electrameccanica Vehicles Corp.. The simple moving average for the period of the last 20 days is 26.89% for SOLO stocks with a simple moving average of -7.07% for the last 200 days.
Analysts’ Opinion of SOLO
Many brokerage firms have already submitted their reports for SOLO stocks, with Stifel repeating the rating for SOLO by listing it as a “Buy.” The predicted price for SOLO in the upcoming period, according to Stifel is $9 based on the research report published on December 17th of the previous year 2020.
The Benchmark Company gave a rating of “Speculative Buy” to SOLO, setting the target price at $6 in the report published on March 20th of the previous year.
SOLO Trading at 15.67% from the 50-Day Moving Average
After a stumble in the market that brought SOLO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.51% of loss for the given period.
Volatility was left at 8.23%, however, over the last 30 days, the volatility rate increased by 10.30%, as shares surge +40.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.75% upper at present.
During the last 5 trading sessions, SOLO rose by +13.56%, which changed the moving average for the period of 200-days by +80.38% in comparison to the 20-day moving average, which settled at $3.76. In addition, Electrameccanica Vehicles Corp. saw -24.23% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SOLO
Current profitability levels for the company are sitting at:
- -4786.19 for the present operating margin
- -305.11 for the gross margin
The net margin for Electrameccanica Vehicles Corp. stands at -11089.64. The total capital return value is set at -39.01, while invested capital returns managed to touch -91.07.
Based on Electrameccanica Vehicles Corp. (SOLO), the company’s capital structure generated 0.88 points at debt to equity in total, while total debt to capital is 0.87. Total debt to assets is 0.74, with long-term debt to equity ratio resting at 0.41. Finally, the long-term debt to capital ratio is 0.40.
When we switch over and look at the enterprise to sales, we see a ratio of 409.53, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 2.05 and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 29.70.