NASDAQ
SOLO

Electrameccanica Vehicles Corp

Auto Manufacturers
Consumer Cyclical

Prices are adjusted according to historical splits.

Electrameccanica Vehicles Corp Stock Price

Vitals

Today's Low:
$0.7
Today's High:
$0.73
Open Price:
$0.7
52W Low:
$0.44
52W High:
$1.45
Prev. Close:
$0.71
Volume:
249457

Company Statistics

Market Cap.:
$93.11 million
Book Value:
0.871
Revenue TTM:
$4.84 million
Operating Margin TTM:
-1901.92%
Gross Profit TTM:
$-26255336
Profit Margin:
0%
Return on Assets TTM:
-32.04%
Return on Equity TTM:
-71.43%

Company Profile

Electrameccanica Vehicles Corp had its IPO on 2018-08-07 under the ticker symbol SOLO.

The company operates in the Consumer Cyclical sector and Auto Manufacturers industry. Electrameccanica Vehicles Corp has a staff strength of 104 employees.

Stock update

Shares of Electrameccanica Vehicles Corp opened at $0.7 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.7 - $0.73, and closed at $0.7.

This is a -1.01% slip from the previous day's closing price.

A total volume of 249,457 shares were traded at the close of the day’s session.

In the last one week, shares of Electrameccanica Vehicles Corp have slipped by -9.9%.

Electrameccanica Vehicles Corp's Key Ratios

Electrameccanica Vehicles Corp has a market cap of $93.11 million, indicating a price to book ratio of 0.5498 and a price to sales ratio of 19.3894.

In the last 12-months Electrameccanica Vehicles Corp’s revenue was $4.84 million with a gross profit of $-26255336 and an EBITDA of $-86879088. The EBITDA ratio measures Electrameccanica Vehicles Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Electrameccanica Vehicles Corp’s operating margin was -1901.92% while its return on assets stood at -32.04% with a return of equity of -71.43%.

In Q2, Electrameccanica Vehicles Corp’s quarterly earnings growth was a positive 0% while revenue growth was a negative 93.3%.

Electrameccanica Vehicles Corp’s PE and PEG Ratio

Forward PE
4.7304
Trailing PE
0
PEG

Its diluted EPS in the last 12-months stands at $-0.92 per share while it has a forward price to earnings multiple of 4.7304 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Electrameccanica Vehicles Corp’s profitability.

Electrameccanica Vehicles Corp stock is trading at a EV to sales ratio of 0.1286 and a EV to EBITDA ratio of 0.3662. Its price to sales ratio in the trailing 12-months stood at 19.3894.

Electrameccanica Vehicles Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$125.27 million
Total Liabilities
$5.20 million
Operating Cash Flow
$57362.00
Capital Expenditure
$235395
Dividend Payout Ratio
0%

Electrameccanica Vehicles Corp ended 2024 with $125.27 million in total assets and $0 in total liabilities. Its intangible assets were valued at $125.27 million while shareholder equity stood at $103.87 million.

Electrameccanica Vehicles Corp ended 2024 with $0 in deferred long-term liabilities, $5.20 million in other current liabilities, 397284531.00 in common stock, $-297984787.00 in retained earnings and $0 in goodwill. Its cash balance stood at $89.33 million and cash and short-term investments were $89.33 million. The company’s total short-term debt was $1,162,673 while long-term debt stood at $0.

Electrameccanica Vehicles Corp’s total current assets stands at $97.22 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $409069.00 compared to accounts payable of $948202.00 and inventory worth $2.79 million.

In 2024, Electrameccanica Vehicles Corp's operating cash flow was $57362.00 while its capital expenditure stood at $235395.

Comparatively, Electrameccanica Vehicles Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$0.7
52-Week High
$1.45
52-Week Low
$0.44
Analyst Target Price
$1.05

Electrameccanica Vehicles Corp stock is currently trading at $0.7 per share. It touched a 52-week high of $1.45 and a 52-week low of $1.45. Analysts tracking the stock have a 12-month average target price of $1.05.

Its 50-day moving average was $0.74 and 200-day moving average was $0.73 The short ratio stood at 5.86 indicating a short percent outstanding of 0%.

Around 541.2% of the company’s stock are held by insiders while 239.7% are held by institutions.

Frequently Asked Questions About Electrameccanica Vehicles Corp

The stock symbol (also called stock or share ticker) of Electrameccanica Vehicles Corp is SOLO

The IPO of Electrameccanica Vehicles Corp took place on 2018-08-07

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About

Electrameccanica Vehicles Corp. develops, manufactures, and sells electric vehicles in the United States and Canada. Its flagship product is the SOLO, a single seat vehicle. The company is also developing four-wheeled eRoadster, and Tofino. In addition, it provides services, repairs, and support services, as well as sale of parts. The company sells its vehicles through direct-to-consumer online, as well as through retail store operations in the States of California, Arizona, and Oregon. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.

Address

8057 North Fraser Way, Burnaby, BC, Canada, V5J 5M8