For the readers interested in the stock health of Electrameccanica Vehicles Corp. (SOLO). It is currently valued at $4.98. When the transactions were called off in the previous session, Stock hit the highs of $5.08, after setting-off with the price of $4.75. Company’s stock value dipped to $4.69 during the trading on the day. When the trading was stopped its value was $4.79.
Recently in News on March 23, 2021, ElectraMeccanica Reports Fourth Quarter and Full Year 2020 Financial Results. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, reported financial results for the fourth quarter and full year ended December 31, 2020 in conjunction with the filing of its Annual Report on Form 20-F earlier today. You can read further details here
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Electrameccanica Vehicles Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.74 on 02/04/21, with the lowest value was $4.24 for the same time period, recorded on 03/30/21.
Electrameccanica Vehicles Corp. (SOLO) full year performance was 403.54%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Electrameccanica Vehicles Corp. shares are logging -63.38% during the 52-week period from high price, and 453.33% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.90 and $13.60.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 4829458 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Electrameccanica Vehicles Corp. (SOLO) recorded performance in the market was -19.55%, having the revenues showcasing -24.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 536.10M, as it employees total of 119 workers.
Analysts verdict on Electrameccanica Vehicles Corp. (SOLO)
During the last month, 0 analysts gave the Electrameccanica Vehicles Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.82, with a change in the price was noted +1.29. In a similar fashion, Electrameccanica Vehicles Corp. posted a movement of +34.96% for the period of last 100 days, recording 19,542,135 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SOLO is recording 0.01 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Electrameccanica Vehicles Corp. (SOLO): Technical Analysis
Raw Stochastic average of Electrameccanica Vehicles Corp. in the period of last 50 days is set at 13.45%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.74%. In the last 20 days, the company’s Stochastic %K was 34.55% and its Stochastic %D was recorded 33.45%.
Let’s take a glance in the erstwhile performances of Electrameccanica Vehicles Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -19.55%. Additionally, trading for the stock in the period of the last six months notably improved by 100.00%, alongside a boost of 403.54% for the period of the last 12 months. The shares 12.29% in the 7-day charts and went up by -1.39% in the period of the last 30 days. Common stock shares were lifted by -24.32% during last recorded quarter.