Electrameccanica Vehicles (NASDAQ:SOLO) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Electrameccanica Vehicles (NASDAQ:SOLO) announced its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05), Fidelity Earnings reports. Electrameccanica Vehicles had a negative net margin of 4,112.97% and a negative return on equity of 70.32%.

SOLO opened at $1.16 on Thursday. The business’s 50-day moving average is $1.72 and its two-hundred day moving average is $1.99. Electrameccanica Vehicles has a 1 year low of $0.89 and a 1 year high of $4.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 9.81 and a quick ratio of 9.45. The firm has a market capitalization of $40.01 million, a PE ratio of -2.07 and a beta of 1.47.

Several equities analysts have issued reports on SOLO shares. Aegis cut their target price on Electrameccanica Vehicles from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Zacks Investment Research lowered Electrameccanica Vehicles from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine upgraded Electrameccanica Vehicles from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Electrameccanica Vehicles presently has a consensus rating of “Buy” and an average price target of $3.75.

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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Earnings History for Electrameccanica Vehicles (NASDAQ:SOLO)

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