Electrameccanica Vehicles (NASDAQ:SOLO) Coverage Initiated by Analysts at Roth Capital

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Equities research analysts at Roth Capital started coverage on shares of Electrameccanica Vehicles (NASDAQ:SOLO) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating on the stock.

Several other analysts have also issued reports on SOLO. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Benchmark initiated coverage on shares of Electrameccanica Vehicles in a research note on Wednesday, March 20th. They issued a “speculative buy” rating and a $6.00 price target for the company. Finally, ThinkEquity initiated coverage on shares of Electrameccanica Vehicles in a report on Thursday, March 28th. They issued a “buy” rating and a $6.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.25.

SOLO stock traded down $0.07 during mid-day trading on Tuesday, hitting $2.86. The company had a trading volume of 851,366 shares, compared to its average volume of 1,697,862. The stock has a market cap of $86.86 million, a price-to-earnings ratio of -7.33 and a beta of 1.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 16.61 and a current ratio of 17.01. Electrameccanica Vehicles has a 12 month low of $0.90 and a 12 month high of $7.48. The firm’s fifty day moving average is $2.57.

Electrameccanica Vehicles (NASDAQ:SOLO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $0.08 million during the quarter, compared to the consensus estimate of $0.56 million. Electrameccanica Vehicles had a negative return on equity of 98.03% and a negative net margin of 3,920.55%. As a group, sell-side analysts forecast that Electrameccanica Vehicles will post -0.28 EPS for the current year.

A hedge fund recently bought a new stake in Electrameccanica Vehicles stock. Advisory Services Network LLC acquired a new position in Electrameccanica Vehicles Corp (NASDAQ:SOLO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,100 shares of the company’s stock, valued at approximately $104,000. Advisory Services Network LLC owned 0.08% of Electrameccanica Vehicles as of its most recent SEC filing. 2.98% of the stock is currently owned by institutional investors and hedge funds.

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.

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