Electrameccanica Vehicles Corp. (NASDAQ: SOLO) kicked off on May 19, 2023, at the price of $0.47, up 7.41% from the previous trading day. During the day, the shares moved up to $0.5422 and dropped to $0.46 before settling in for the closing price of $0.47. Over the past 52 weeks, SOLO has traded in a range of $0.44-$1.87.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 128.60%. While this was happening, its average annual earnings per share was recorded -200.10%. With a float of $107.52 million, this company’s outstanding shares have now reached $119.29 million.
Let’s determine the extent of company efficiency that accounts for 104 employees. In terms of profitability, gross margin is -457.90, operating margin of -1507.62, and the pretax margin is -1815.43.
Electrameccanica Vehicles Corp. (SOLO) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Electrameccanica Vehicles Corp. is 7.20%, while institutional ownership is 9.00%.
Electrameccanica Vehicles Corp. (SOLO) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 12/30/2022, the organization reported -$0.54 earnings per share (EPS), lower than consensus estimate (set at -$0.1) by -$0.44. This company achieved a net margin of -1815.77 while generating a return on equity of -66.78. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -200.10% per share during the next fiscal year.
Electrameccanica Vehicles Corp. (NASDAQ: SOLO) Trading Performance Indicators
Take a look at Electrameccanica Vehicles Corp.’s (SOLO) current performance indicators. Last quarter, stock had a quick ratio of 4.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.99, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.69 in one year’s time.
Technical Analysis of Electrameccanica Vehicles Corp. (SOLO)
Looking closely at Electrameccanica Vehicles Corp. (NASDAQ: SOLO), its last 5-days average volume was 0.69 million, which is a drop from its year-to-date volume of 0.83 million. As of the previous 9 days, the stock’s Stochastic %D was 18.73%. Additionally, its Average True Range was 0.04.
During the past 100 days, Electrameccanica Vehicles Corp.’s (SOLO) raw stochastic average was set at 8.45%, which indicates a significant decrease from 29.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.64% in the past 14 days, which was lower than the 96.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5406, while its 200-day Moving Average is $0.9744. However, in the short run, Electrameccanica Vehicles Corp.’s stock first resistance to watch stands at $0.5415. Second resistance stands at $0.5829. The third major resistance level sits at $0.6237. If the price goes on to break the first support level at $0.4593, it is likely to go to the next support level at $0.4185. Now, if the price goes above the second support level, the third support stands at $0.3771.
Electrameccanica Vehicles Corp. (NASDAQ: SOLO) Key Stats
The company with the Market Capitalisation of 55.50 million has total of 119,288K Shares Outstanding. Its annual sales at the moment are 6,810 K in contrast with the sum of -123,700 K annual income. Company’s last quarter sales were recorded 2,790 K and last quarter income was -64,030 K.
