While Electrameccanica Vehicles Corp has overperformed by 1.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SOLO fell by -67.50%, with highs and lows ranging from $1.04 to $0.21, whereas the simple moving average fell by -54.33% in the last 200 days.
On December 17, 2020, Stifel started tracking Electrameccanica Vehicles Corp (NASDAQ: SOLO) recommending Buy. A report published by ROTH Capital on July 09, 2019, Initiated its previous ‘Buy’ rating for SOLO. The Benchmark Company also rated SOLO shares as ‘Speculative Buy’, setting a target price of $6 on the company’s shares in an initiating report dated March 20, 2019.
Analysis of Electrameccanica Vehicles Corp (SOLO)
Further, the quarter-over-quarter decrease in sales is -100.00%, showing a negative trend in the upcoming months.
Electrameccanica Vehicles Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 15.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and SOLO has an average volume of 557.84K. On a monthly basis, the volatility of the stock is set at 6.16%, whereas on a weekly basis, it is put at 7.26%, with a loss of -7.62% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.40, showing growth from the present price of $0.23, which can serve as yet another indication of whether SOLO is worth investing in or should be passed over.
How Do You Analyze Electrameccanica Vehicles Corp Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.77%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 1.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SOLO shares are owned by institutional investors to the tune of 1.89% at present.
