Electrameccanica Vehicles Corp (NASDAQ: SOLO) closed the day trading at $0.23 down -3.75% from the previous closing price of $0.24. In other words, the price has decreased by -$0.0090 from its previous closing price. On the day, 516028 shares were traded.
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Ratios:
For a better understanding of SOLO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 15.23 and its Current Ratio is at 15.78. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.18.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 28.63M and an Enterprise Value of -27.77M. Its current Enterprise Value per Revenue stands at -8.18 whereas that against EBITDA is 0.38.
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 0.2788, while the 200-Day Moving Average is calculated to be 0.5141.
Shares Statistics:
Over the past 3-months, SOLO traded about 556.00K shares per day on average, while over the past 10 days, SOLO traded about 499.64k shares per day. A total of 119.29M shares are outstanding, with a floating share count of 113.61M. Insiders hold about 4.77% of the company’s shares, while institutions hold 1.89% stake in the company. Shares short for SOLO as of Feb 15, 2024 were 3.81M with a Short Ratio of 6.85, compared to 3.07M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.19% and a Short% of Float of 3.20%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.07, while EPS last year was -$0.56. 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 -$0.3 and -$0.3 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.24, with 1 analysts recommending between -$0.24 and -$0.24.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for SOLO’s current fiscal year. The highest revenue estimate was $440k, while the lowest revenue estimate was $440k, resulting in an average revenue estimate of $440k. In the same quarter a year ago, actual revenue was $6.72M, down -93.50% from the average estimate.
