Electrameccanica Vehicles Corp (NASDAQ:SOLO) Receives $5.67 Consensus PT from Analysts

Shares of Electrameccanica Vehicles Corp (NASDAQ:SOLO) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.67.

SOLO has been the topic of a number of analyst reports. Zacks Investment Research raised Electrameccanica Vehicles from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Aegis initiated coverage on Electrameccanica Vehicles in a report on Wednesday, September 18th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, ValuEngine cut Electrameccanica Vehicles from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

SOLO stock opened at $1.86 on Monday. Electrameccanica Vehicles has a twelve month low of $0.90 and a twelve month high of $6.74. The company has a quick ratio of 9.45, a current ratio of 9.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $65.88 million, a P/E ratio of -4.77 and a beta of 1.53. The business’s 50-day moving average price is $1.91 and its 200-day moving average price is $2.32.

Electrameccanica Vehicles Company Profile

Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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