In a recent bid Electrameccanica Vehicles Corp. [SOLO] faced a contemporary bid of $11.32 yielding a 99.59% incline where 131.49 million shares have exchanged hands over the last week. SOLO amount got a boost by 17.47% or $1.68 versus $9.64 at the end of the prior session. This change led market cap to move at 575.80M, putting the price 1172.24% below the 52-week high and 16.26% above the 52-week low. The company’s stock has a normal trading capacity of 131.49 million shares while the relative volume is 16.65.

On 10, November 2020, ElectraMeccanica Reports Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, reported financial results for the third quarter ended September 30, 2020.

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 $9.74. Right now, the middling Wall Street analyst 12-month amount mark is $8.86. At the most recent market close, shares of Electrameccanica Vehicles Corp. [NASDAQ:SOLO] were valued at $11.32.

FUNDAMENTAL ANALYSIS

Electrameccanica Vehicles Corp. [NASDAQ:SOLO] most recently reported quarterly sales of 245.6 million, which represented growth of 50.00%. 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 0.40%, 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.

The Principal structure of this organization shows its whole liability to 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 8.18 points at 1st support level, the second support level is making up to 6.72. But as of 1st resistance point, this stock is sitting at 10.42 and at 11.20 for 2nd resistance point.

Electrameccanica Vehicles Corp. [SOLO] reported its earnings at -$0.16 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.11/share signifying the difference of -0.05 and -45.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.21 calling estimates for -$0.13/share with the difference of -0.08 depicting the surprise of -61.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Electrameccanica Vehicles Corp. [NASDAQ:SOLO] is 28.50. 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.