Stock FAQs

why is solo stock going down

by Ms. Bessie Romaguera V Published 3 years ago Updated 2 years ago
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Will solo stock price drop / fall?

The Electrameccanica Vehicles stock price is 1.900 USD today. Will SOLO stock price drop / fall? Yes. The Electrameccanica Vehicles stock price may drop from 1.900 USD to 0.251 USD . The change will be -86.771 %.

How much has solo stock increased since its IPO?

Since then, SOLO stock has increased by 35.5% and is now trading at $2.10. View which stocks have been most impacted by COVID-19. When is Electrameccanica Vehicles' next earnings date? Electrameccanica Vehicles is scheduled to release its next quarterly earnings announcement on Tuesday, March 22nd 2022.

How often are solo stock predictions updated?

"SOLO" stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. Q&A about "SOLO" projections. At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Electrameccanica Vehicles Corp.

What is the solo stock price target in 14 days?

SOLO price target in 14 days: 2.249 USD* upside and 1.695 USD* downside. (Highest and lowest possible predicted price in a 14 day period) Bullish or Bearish? What is the Electrameccanica Vehicles stock price / share price today? The Electrameccanica Vehicles stock price is 1.900 USD today. Will SOLO stock price drop / fall? Yes.

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Is SOLO stock good to buy?

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 be a good stock for momentum investors with a Momentum Score of A.

What is the future of SOLO stock?

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 +371.70% increase from the last price of 1.59.

What is the target price for SOLO stock?

Range: 1.55 to 1.7....Stock Price Target.High$14.00Current Price$1.50002 more rows

Is Electrameccanica vehicles a buy?

Is Electrameccanica Vehicles a buy right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Electrameccanica Vehicles stock.

How many SOLO cars have been 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.

Will workhorse go up?

Meanwhile, in the long term, a WKHS stock forecast from this same provider was pointing to a price of $16.6 for March 2027. According to data compiled by Seeking Alpha, the consensus rating for Workhorse Group was buy three rated it a strong buy, another a buy, and four holds.

What is the price target for NIO?

Stock Price TargetsHigh$552.16Median$210.08Low$153.62Average$249.10Current Price$17.39

What is a SOLO car?

The ElectraMeccanica SOLO EV is an electric car that can travel 100 miles on a full charge. Yes, it's a one-seater with three wheels, but it has the creature comforts of a full-sized vehicle. It's a fun-to-drive ride around town, and perfectly capable of longer highway jaunts.

Is AYRO a good stock to buy?

The 1 analysts offering 12-month price forecasts for AYRO Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +418.35% increase from the last price of 0.96.

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.

Is SOLO overvalued?

Significantly Below Fair Value: SOLO is trading above our estimate of fair value.

Is SOLO a Chinese company?

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.

"Should I invest in Electrameccanica Vehicles stock?" "Should I trade "SOLO" stock today?"

According to our live Forecast System, Electrameccanica Vehicles Corp stock is a bad long-term (1-year)...

What is the Electrameccanica Vehicles stock price / share price today?

The Electrameccanica Vehicles stock price is 1.900 USD today.

Will SOLO stock price drop / fall?

Yes. The Electrameccanica Vehicles stock price may drop from 1.900 USD to...

Will SOLO stock price grow / rise / go up?

No. See above .

Will SOLO stock price crash?

According to our analysis, this can happen.

Will Electrameccanica Vehicles stock price hit 10 USD price in a year?

Not within a year. See above .

Will Electrameccanica Vehicles stock price hit 20 USD price in a year?

Not within a year. See above .

Will Electrameccanica Vehicles stock price hit 50 USD price in a year?

Not within a year. See above .

Is Electrameccanica Vehicles a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 1...

When is Electrameccanica Vehicles' next earnings date?

Electrameccanica Vehicles is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forec...

How were Electrameccanica Vehicles' earnings last quarter?

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) posted its earnings results on Tuesday, March, 22nd. The company reported ($0.15) earnings per share...

Who are Electrameccanica Vehicles' key executives?

Electrameccanica Vehicles' management team includes the following people: Mr. Kevin Jerome Pavlov , Pres, CEO & Director (Age 57, Pay $774.62k)...

Who are some of Electrameccanica Vehicles' key competitors?

Some companies that are related to Electrameccanica Vehicles include The Shyft Group (SHYF) , Stagecoach Group (SAGKF) , Niu Technologies (NIU)...

What other stocks do shareholders of Electrameccanica Vehicles own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Electrameccanica Vehicles investors own include NIO (NIO)...

What is Electrameccanica Vehicles' stock symbol?

Electrameccanica Vehicles trades on the NASDAQ under the ticker symbol "SOLO."

Who are Electrameccanica Vehicles' major shareholders?

Electrameccanica Vehicles' stock is owned by a variety of retail and institutional investors. Top institutional investors include Invesco Ltd. (6.3...

Which major investors are selling Electrameccanica Vehicles stock?

SOLO stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Qube Research & Technologies Ltd, State St...

How much does Solo stock go up in one year?

Will SOLO stock price drop / fall?

Yes. The SOLO stock price can go up from 3.690 USD to 5.445 USD in one year.

About Electrameccanica Vehicles

Yes. The Electrameccanica Vehicles stock price may drop from 2.180 USD to 1.629 USD . The change will be -25.298 %.

Electrameccanica Vehicles (NASDAQ:SOLO) Frequently Asked Questions

Electrameccanica Vehicles Corp. engages in development and manufacture of electric vehicles. It operates through Electric Vehicles and Custom Build Vehicles segments. The Electric Vehicles segment develops and manufactures electric vehicles for mass markets. The Custom Build Vehicles segment offers high-end custom built vehicles.

How much is Solo worth in 2020?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. There are currently 2 buy ratings for the stock.

How long does it take for Solo to come to life?

At the current SOLO stock price, the company is worth just $175 million in late 2020.

When will the Solo electric car be released?

Overall, the long-term bull thesis on SOLO stock has never been so clear and compelling – and it will all start to come to life in less than two months.

What is the shift toward a new era of car buying?

October 16, 2020. Small cars have never sold well in the United States. ElectraMeccanica (NASDAQ: SOLO) – an electric vehicle pioneer that is on the cusp of bringing a purpose-built, single-seat, three-wheel electric car (dubbed Solo) to market in late 2020 – hopes to change this reality and sell a bunch of “tricycle” EVs over the next few years.

Where is the Solo car made?

This shift toward a new era of car buying is predicated on a shift in who is buying the cars. The prospective car buyer demographic has traditionally been dominated by older folks and families, who live in spacious suburban neighborhoods, with sizable incomes and good credit, and who don’t care as much about saving the environment. That crowd likes, needs and can afford bigger, gas cars.

Is there a small car that has never sold well?

Specifically, ElectraMeccanica has finalized design of the Solo car, and started mass production of the vehicles in China in August. Deliveries are expected to commence by late November to early December.

Does Luke Lango have any positions?

Small cars have never sold well in the United States. ElectraMeccanica (NASDAQ: SOLO) – an electric vehicle pioneer that is on the cusp of bringing a purpose-built, single-seat, three-wheel electric car (dubbed Solo) to market in late 2020 – hopes to change this reality and sell a bunch of “tricycle” EVs over the next few years. If the company does that, SOLO stock will turn into a 1,000% winner. This will be mostly because ElectraMeccanica ’s valuation today hovers at a mere $175 million (versus $10+ billion valuations for traditional, four-wheel EV makers).

Signals & Forecast

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Support, Risk & Stop-loss

A buy signal was issued from a pivot bottom point on Friday, January 28, 2022, and so far it has risen 14.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Is ElectraMeccanica Vehicles Corp. stock A Buy?

ElectraMeccanica Vehicles Corp. finds support from accumulated volume at $2.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

Golden Star Signal

ElectraMeccanica Vehicles Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Top Fintech Company

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

How tall is a solo bike?

featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Is a solo a motorcycle?

The Solo is not designed for individuals over 6 feet tall or over 200 pounds. That’s not an argument so easily dismissed. The time may very well be right for consumers to bring about mass-adoption of autocycles, but I’m not ready to say that this time is different.

Electrameccanica Inks Partnership Agreement With Faction Technology

The Good and Bad of Being an Autocycle. The Solo is not a car; unless it is. In California, it’s classified as a motorcycle. It’s a car in Florida. In Michigan, it’s an autocycle. Although it’s classified as a motorcycle in some states, it’s really a new class known as an autocycle.

ElectraMeccanica Launches Autonomous SOLO EV Pilot Through Partnership with Faction Technology

Electrameccanica Vehicles Corp (NASDAQ: SOLO) has signed a non-binding partnership agreement with Faction Technology Inc. to demonstrate a pilot deployment of driverless and remote vehicle operation technology on its EV platform.

ElectraMeccanica Provides Commercial Fleet Update with 20 Vehicles Delivered to 15 Unique Customers

Faction to Establish Driverless Technology and Remote Vehicle Operation on the SOLO EV PlatformVANCOUVER, British Columbia, Feb. 15, 2022 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp.

Companies Like Electrameccanica Vehicles (NASDAQ:SOLO) Are In A Position To Invest In Growth

Fleet Customers Include Tier-1 Brands such as Which Wich, UC Berkeley, the City of Mesa and Skechers SOLO Fleet SOLO Fleet Which Wich VANCOUVER, British Columbia, Feb. 07, 2022 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp.

ElectraMeccanica to Begin Delivery of SOLO Cargo EV to Fleet and Commercial Customers in Second Quarter of 2022

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

ElectraMeccanica to Attend Upcoming Investor Conferences

Cargo Model, Available for Pre-Order Now, Boasts More Than Twice the Cargo Capacity to Accommodate a Wide Range of Commercial Customer Demands SOLO Cargo EV The ElectraMeccanica SOLO Cargo EV SOLO Cargo EV The ElectraMeccanica SOLO Cargo EV VANCOUVER, British Columbia, Feb. 02, 2022 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp.

ElectraMeccanica Announces Retirement of Co-Founder Henry Reisner

VANCOUVER, British Columbia, Feb. 01, 2022 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp.

Is SOS a miner?

VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the "Company"), a designer and manufacturer of electric vehicles, announces the retirement of Henry Reisner, a co-founder and the current Executive VP and a director of the Company, with effect immediately.

Could there suddenly be a lot of motivated sellers?

Shares of SOS Limited ( NYSE:SOS), an insurance-marketing business turned cryptocurrency miner, fell sharply on Thursday. The price of Bitcoin and Ethereum are down over the past 24 hours, so this is likely one contributing factor. But highfliers like SOS are generally selling off today. As of 12:45 p.m. EST, the stock was down almost 14%.

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