Electrameccanica Vehicles (NASDAQ:SOLO) Announces Quarterly Earnings Results

Electrameccanica Vehicles (NASDAQ:SOLO) announced its quarterly earnings results on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ 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%.

Shares of SOLO opened at $1.16 on Thursday. 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 company’s fifty day moving average price is $1.72 and its 200-day moving average price is $1.99. Electrameccanica Vehicles has a 1-year low of $0.89 and a 1-year high of $4.02. The firm has a market capitalization of $40.01 million, a PE ratio of -2.07 and a beta of 1.47.

SOLO has been the topic of a number of recent research reports. Aegis dropped their price objective on Electrameccanica Vehicles from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. ValuEngine raised shares of Electrameccanica Vehicles from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Zacks Investment Research downgraded shares of Electrameccanica Vehicles from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Electrameccanica Vehicles presently has a consensus rating of “Buy” and a consensus price target of $3.75.

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.

Read More: Price to Earnings Ratio (PE) Basics

Earnings History for Electrameccanica Vehicles (NASDAQ:SOLO)

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