Over the past three months, Electrameccanica Vehicles Corp. [SOLO] ended the trading day at $3.09 and exhibited a change of 11.56% with a 24 hour trading and reached upto the volume of 5.79M compared to its recorded trading volume of 11.87 million. SOLO generated a 1 year amount change with 64.88%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 13.52% with an amount shift of 8.20% over the last month.

On 6, October 2020, ElectraMeccanica Names Arizona and Tennessee as Two Finalist States for SOLO EV U.S. Assembly Facility and Engineering Technical Center. According to news published on Yahoo Finance, ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, is providing an update related to its ongoing search for the Company’s future U.S. based assembly facility and engineering technical center.

Analyst Birdseye View:

The most recent analyst activity for Electrameccanica Vehicles Corp. [NASDAQ:SOLO] stock was on March 20, 2019, when it was Initiated with a Speculative buy rating from The Benchmark Company, which also raised its 12-month price target on the stock to $6.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.89 and a peak of $6.00. Right now, the middling Wall Street analyst 12-month amount mark is $6.75. At the most recent market close, shares of Electrameccanica Vehicles Corp. [NASDAQ:SOLO] were valued at $3.09.

FUNDAMENTAL ANALYSIS

Electrameccanica Vehicles Corp. [NASDAQ:SOLO] most recently reported quarterly sales of 12.0 million, which represented growth of -89.60%. This publicly-traded organization’s revenue is $9,281 per employee, while its income is -$367,755 per employee. This company’s Gross Margin is currently 9.00%, its Pretax Margin is -3976.06, and its Net Margin is -3962.55. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -103.12, -147.60, -129.52 and -144.55 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 7.17 and the whole liability to whole assets at 4.83. It shows enduring liability to the whole principal at 4.20 and enduring liability to assets at 0.03 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.67 points at 1st support level, the second support level is making up to 2.56. But as of 1st resistance point, this stock is sitting at 2.86 and at 2.94 for 2nd resistance point.

Electrameccanica Vehicles Corp. [SOLO] reported its earnings at -$0.21 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.13/share signifying the difference of -0.08 and -61.50% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.04 calling estimates for -$0.12/share with the difference of 0.08 depicting the surprise of 66.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Electrameccanica Vehicles Corp. [NASDAQ:SOLO] is 26.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 3.27. Now if looking for a valuation of this stock’s amount to sales ratio it’s 132.37 and it’s amount to book ratio is 5.45.