Electrameccanica Vehicles Corp (NASDAQ:SOLO) Given Consensus Rating of “Buy” by Brokerages

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

Several research analysts have weighed in on SOLO shares. Zacks Investment Research upgraded shares of Electrameccanica Vehicles from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Aegis started coverage on shares of Electrameccanica Vehicles in a report on Wednesday, September 18th. They set a “buy” rating and a $5.00 price objective on the stock. Finally, ValuEngine downgraded shares of Electrameccanica Vehicles from a “buy” rating to a “hold” rating in a report on Friday.

NASDAQ SOLO traded up $0.13 on Thursday, hitting $2.13. 254,900 shares of the company were exchanged, compared to its average volume of 1,094,467. The company has a market cap of $76.19 million, a PE ratio of -5.46 and a beta of 1.59. Electrameccanica Vehicles has a 12 month low of $0.90 and a 12 month high of $6.74. The stock has a fifty day moving average of $1.93 and a 200-day moving average of $2.46. The company has a current ratio of 16.81, a quick ratio of 16.24 and a debt-to-equity ratio of 0.04.

About Electrameccanica Vehicles

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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