Analyzing the Financial Health of Electrameccanica Vehicles Corp. (SOLO)

    Publicly-traded company Electrameccanica Vehicles Corp. (NASDAQ:SOLO) had a closing price of $2.20 yesterday. Meanwhile, the average 12-month price target from Wall Street analysts is currently $6.13, this means that the stock is underpriced by 64.11%. In the past 52 weeks the company’s stock price has moved within the range of $0.90 to $6.74.

    This particular stock’s 5-day moving average is 1.97, its 20-day moving average is 1.88 and its 100-day moving average is 2.35. Electrameccanica Vehicles Corp. (SOLO) currently has 36.19M shares outstanding, which means that its market capitalization is $79.60M.

    The Details: Electrameccanica Vehicles Corp. (SOLO) Financial Health

    We can also see what the current Return on Assets is for the company, which is a percentage that lets us know how well it is utilizing its net assets to turn a profit. The lower the percentage, the worse the company is making use of its assets. At the moment, Electrameccanica Vehicles Corp. Return on Assets is -65.30%.

    What Does Wall Street Say about Company?

    When investors are considering buying a new stock, they often want to know the general Wall Street consensus on the company – by checking out the average analyst rating, for instance. At the moment, the average analyst rating for SOLO is Buy. Out of 4 total analysts who were surveyed, 0 rated it a sell, 0 rated it a underweight, 0 rated it an overweight, 0 rated it hold, and 4 rated it a Buy.

    Three months ago, on the other hand, the average analyst rating for Electrameccanica Vehicles Corp. (SOLO) was a Buy – from a survey of 2 analysts. Of the analysts who provided ratings, 0 rated the company a Hold, 0 rated it a Sell, 0 rated it an overweight, 0 rated it an underweight, and 2 rated it a Buy.

    Understanding Profitability at Electrameccanica Vehicles Corp. (SOLO)

    Checking out a public company’s Earnings per Share (EPS) is a smart way of assessing its profitability. In the most recent financial results released by Electrameccanica Vehicles Corp., for the quarter ending on 09/2019, the company posted EPS of -0.12. The average estimate of Wall Street analysts had projected -0.12.