On Wednesday, shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO) marked $3.23 per share versus a previous $2.77 closing price. With having a 16.61% gain, an insight into the fundamental values of Electrameccanica Vehicles Corp., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. SOLO showed a rise of 50.23% within its YTD performance, with highs and lows between $0.89 – $6.00 during the period of 52 weeks, compared to the simple moving average of 54.57% in the period of the last 200 days.
ROTH Capital equity researchers changed the status of Electrameccanica Vehicles Corp. (NASDAQ: SOLO) shares to a “Buy” rating in the report published on July 9th, 2019. Other analysts, including The Benchmark Company, also published their reports on SOLO shares. The Benchmark Company repeated the rating from the previous report, marking SOLO under “Speculative Buy” rating, in the report published on March 20th, 2019.
[bold-text]Electrameccanica Vehicles Corp. (SOLO) Analysis[/bold-text]
The present dividend yield for SOLO owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -89.60%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Electrameccanica Vehicles Corp. (SOLO) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -94.10% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 25.60 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while SOLO is currently recording an average of 5.79M in volumes. The volatility of the stock on monthly basis is set at 7.48%, while the weekly volatility levels are marked at 11.47%with 29.72% of gain in the last seven days.
[bold-text]What to Look for When Analyzing Electrameccanica Vehicles Corp. Shares?[/bold-text]
Electrameccanica Vehicles Corp. (SOLO) is based in the Canada and it represents one of the well-known company operating with Consumer Cyclical sector. If you wish to compare SOLO shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Electrameccanica Vehicles Corp., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.53 is supported by the yearly EPS growth of -126.20%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 47.90%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 2.40% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in SOLO Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in SOLO in the recent period. That is how CIBC World Markets, Inc. now has an increase position in SOLO by — in the first quarter, owning 700000 shares of SOLO stocks, with the value of $1.74 million after the purchase of an additional 700,000 shares during the last quarter. In the meanwhile, Susquehanna Financial Group LLLP also increased their stake in SOLO shares changed 1,030.78% in the first quarter, which means that the company now owns 175938 shares of company, all valued at $438086 after the acquisition of additional 160,379 shares during the last quarter.
Renaissance Technologies LLC acquired a new position in Electrameccanica Vehicles Corp. during the first quarter, with the value of $369352, and RBC Capital Markets LLC increased their stake in the company’s shares by 0.00% in the first quarter, now owning 0 shares valued at $149400 after the acquisition of the additional 60000 shares during the last quarter. In the end, Two Sigma Securities LLC increased their position by — during the first quarter, now owning 54471 SOLO shares, now holding the value of $135633 in SOLO with the purchase of the additional 54,471 shares during the period of the last quarter. At the present, 2.40% of SOLO shares are in the ownership of institutional investors.