In the latest session, Electrameccanica Vehicles Corp (NASDAQ: SOLO) closed at $0.22 down -2.64% from its previous closing price of $0.23. In other words, the price has decreased by -$0.0060 from its previous closing price. On the day, 519440 shares were traded.
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Ratios:
For a deeper understanding of Electrameccanica Vehicles Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.91 and its Current Ratio is at 13.36. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on December 17, 2020, initiated with a Buy rating and assigned the stock a target price of $9.
On March 20, 2019, The Benchmark Company started tracking the stock assigning a Speculative Buy rating and target price of $6.The Benchmark Company initiated its Speculative Buy rating on March 20, 2019, with a $6 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 04 ’24 when KROLL JERRY sold 50,000 shares for $0.31 per share. The transaction valued at 15,495 led to the insider holds 218,487 shares of the business.
KROLL JERRY sold 50,000 shares of SOLO for $15,820 on Jan 03 ’24. The Director now owns 268,487 shares after completing the transaction at $0.32 per share. On Dec 14 ’23, another insider, KROLL JERRY, who serves as the Director of the company, sold 100 shares for $0.40 each. As a result, the insider received 40 and left with 318,487 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOLO now has a Market Capitalization of 26.80M and an Enterprise Value of -22.13M. For the stock, the TTM Price-to-Sale (P/S) ratio is 43.29 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at -36.37 whereas that against EBITDA is 0.53.
Stock Price History:
Over the past 52 weeks, SOLO has reached a high of $1.04, while it has fallen to a 52-week low of $0.21. The 50-Day Moving Average of the stock is 0.2618, while the 200-Day Moving Average is calculated to be 0.5034.
Shares Statistics:
For the past three months, SOLO has traded an average of 553.21K shares per day and 519.76k over the past ten days. A total of 119.29M shares are outstanding, with a floating share count of 113.80M. Insiders hold about 4.77% of the company’s shares, while institutions hold 1.88% stake in the company. Shares short for SOLO as of Feb 29, 2024 were 3.7M with a Short Ratio of 6.69, compared to 3.7M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.10% and a Short% of Float of 3.11%.
Earnings Estimates
There are 0 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.1. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.24 and -$0.24 for the fiscal current year, implying an average EPS of -$0.24. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $600k this quarter.It ranges from a high estimate of $600k to a low estimate of $600k. As of the current estimate, Electrameccanica Vehicles Corp’s year-ago sales were $498.44k, an estimated increase of 20.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.13M, an increase of 1,002.80% over than the figure of $20.40% in the same quarter last year. There is a high estimate of $1.13M for the next quarter, whereas the lowest estimate is $1.13M.
