How have the shares performed?
Electrameccanica Vehicles Corp. (SOLO) saw downtrend of -1.57% in the recent trading with $3.75 being its most recent. The current price level -72.43% lower than the highest price of $13.60 marked by the stock while trading over the past 52-weeks, whereas it is 247.22% higher than the lowest price of $1.08 the company dropped to over past 52-weeks. The latest news story on SOLO appeared in Oilprice.com under the title “2 Under The Radar EV Stocks Set To Explode This Summer” on May-17-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -14.77% below one month high and is +26.26% above of the lowest during that time. Looking into the simple moving average, Electrameccanica Vehicles Corp. (SOLO)’s stock stands at a SMA-50 of $4.13 while that of 5-day is reading $3.61.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SOLO’s SMA-200 as of now is $5.00.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 4 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
Electrameccanica Vehicles Corp. Earnings – What Happened With SOLO
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Electrameccanica Vehicles Corp. (SOLO) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 100.00% for net revenue. During the reported three-month period, company’s sales were $183.6 million while analysts on average were estimating the same to be $0.46 million.
SOLO – Electrameccanica Vehicles Corp. Stock Earnings Estimates
The perspective of Electrameccanica Vehicles Corp. (NASDAQ:SOLO)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.06 for stock’s EPS in the current quarter. 2 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 103.59 million. SOLO does have institutional investors; and they hold 13.90% of the stock.
Electrameccanica Vehicles Corp. – Insider Activity and Holdings
As on Mar 30, 2021, Invesco Ltd. was the top most holder in Electrameccanica Vehicles Corp. (NASDAQ:SOLO) with an ownership of 7.04 million shares of the company or 21.75% of the stake worth $33.09 million. The filing also reveals Susquehanna International Group, LLP as the second largest holder in the company with a control over 4.03% of the outstanding shares. Its stake is worth $6.13 million for having 1.3 million shares in hand.
Capital Fund Management S.A. also came holding a key position in the company during the recent quarter and it now holds 3.75% of the outstanding shares. With this there are now 77 institutions which have possession in SOLO’s shares.
Currently, the stock has been recommended as Strong Buy by 4 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Electrameccanica Vehicles Corp. was 29.70 while posting a debt to equity ratio of 0.01. The count was 0.41 for long-term debt to equity ratio.
Technical Analysis of Electrameccanica Vehicles Corp. (NASDAQ:SOLO) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Electrameccanica Vehicles Corp. (SOLO), we notice that the stock’s 20-day average volume is at 4,280,660 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 4,969,224 shares. And to end, SOLO’s 100-day average volume is 10,377,550 shares with 50% of the long-term indicators pointing towards Sell for the stock.