Reviewing Electrameccanica Vehicles (NASDAQ:SOLO) & Workhorse Group (NASDAQ:WKHS)

Workhorse Group (NASDAQ:WKHS) and Electrameccanica Vehicles (NASDAQ:SOLO) are both small-cap auto/tires/trucks companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, dividends, institutional ownership, analyst recommendations and earnings.

Profitability

This table compares Workhorse Group and Electrameccanica Vehicles’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Workhorse Group -18,304.81% N/A -186.13%
Electrameccanica Vehicles -4,112.97% -70.32% -46.15%

Analyst Ratings

This is a summary of recent ratings and price targets for Workhorse Group and Electrameccanica Vehicles, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Workhorse Group 0 0 0 0 N/A
Electrameccanica Vehicles 0 1 3 0 2.75

Electrameccanica Vehicles has a consensus target price of $5.67, suggesting a potential upside of 196.68%. Given Electrameccanica Vehicles’ higher possible upside, analysts clearly believe Electrameccanica Vehicles is more favorable than Workhorse Group.

Insider & Institutional Ownership

19.3% of Workhorse Group shares are owned by institutional investors. Comparatively, 1.2% of Electrameccanica Vehicles shares are owned by institutional investors. 4.6% of Workhorse Group shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Volatility and Risk

Workhorse Group has a beta of 1.48, indicating that its stock price is 48% more volatile than the S&P 500. Comparatively, Electrameccanica Vehicles has a beta of 1.53, indicating that its stock price is 53% more volatile than the S&P 500.

Valuation & Earnings

This table compares Workhorse Group and Electrameccanica Vehicles’ revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Workhorse Group $760,000.00 260.49 -$36.50 million N/A N/A
Electrameccanica Vehicles $600,000.00 117.94 -$7.74 million ($0.39) -4.90

Electrameccanica Vehicles has lower revenue, but higher earnings than Workhorse Group.

Summary

Electrameccanica Vehicles beats Workhorse Group on 6 of the 11 factors compared between the two stocks.

About Workhorse Group

Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones and truck systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.

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. The company sells its vehicles online through electrameccanica.com Website. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

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