Does SOLO stock have a future?
Electrameccanica Vehicles Corp (NASDAQ:SOLO) The 3 analysts offering 12-month price forecasts for Electrameccanica Vehicles Corp have a median target of 7.50, with a high estimate of 14.00 and a low estimate of 7.00. The median estimate represents a +368.75% increase from the last price of 1.60.
Is SOLO a good stock to invest?
The financial health and growth prospects of SOLO, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.
Is SOLO Stock profitable?
Earnings and Revenue History Growing Profit Margin: SOLO is currently unprofitable.
What does SOLO company do?
Company Profile (NASDAQ: SOLO) is a Canadian designer and manufacturer of electric vehicles. The company's flagship vehicle is the innovative purpose built, single-seat electric vehicle called the SOLO. This vehicle will revolutionize commuting, delivery and shared mobility.
Is SOLO a good stock to buy 2021?
Aegis Capital is very positive about SOLO and gave it a "$4.00 - $7.00" rating on Mar 24, 2021.
What is the target price for SOLO stock?
Stock Price TargetHigh$14.00Low$7.00Average$9.50Current Price$1.6700
Who owns solo stock?
Institutional investors purchased a net $2.3 million shares of SOLO during the quarter ended March 2019....Top 10 Owners of Electrameccanica Vehicles Corp.StockholderSusquehanna Investment Group LLCStake0.40%Shares owned468,473Total value ($)819,8289 more columns
How many cars has SOLO sold?
(NASDAQ: SOLO) (“ElectraMeccanica” or the "Company"), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced as of November 30, 2021 the Company has delivered a total of 42 SOLO EVs to reservation and fleet holders.
Is ElectraMeccanica profitable?
Electrameccanica Vehicles is bordering on breakeven, according to the 3 American Auto analysts. They expect the company to post a final loss in 2023, before turning a profit of US$21m in 2024. So, the company is predicted to breakeven approximately 2 years from now.
How much does SOLO car cost?
With prices starting at $18,500, Solo EV is not the low-cost, high-volume electric car we've been hoping for. In a world where a base 2021 Nissan Sentra (with four doors and five seats) starts at $20,000, Solo EV is a niche vehicle for a niche market.