SOLO Stock Overview
Electrameccanica Vehicles Corp. develops, manufactures, and sells electric vehicles in the United States and Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Electrameccanica Vehicles Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.21 |
| 52 Week High | US$1.04 |
| 52 Week Low | US$0.20 |
| Beta | 2.6 |
| 1 Month Change | -17.43% |
| 3 Month Change | -39.63% |
| 1 Year Change | -52.85% |
| 3 Year Change | -95.49% |
| 5 Year Change | -94.30% |
| Change since IPO | -92.93% |
Recent News & Updates
Recent updates
Here's Why We're A Bit Worried About Electrameccanica Vehicles' (NASDAQ:SOLO) Cash Burn Situation
Oct 06
Is Electrameccanica Vehicles (NASDAQ:SOLO) In A Good Position To Invest In Growth?
Jun 15We Think Electrameccanica Vehicles (NASDAQ:SOLO) Needs To Drive Business Growth Carefully
Jan 12Is There An Opportunity With Electrameccanica Vehicles Corp.'s (NASDAQ:SOLO) 24% Undervaluation?
Oct 13ElectraMeccanica stock gains on license to sell SOLO EV in Arizona
Oct 06ElectraMeccanica Vehicles names new CFO and Compliance Chief
Aug 23Here's Why We're Watching Electrameccanica Vehicles' (NASDAQ:SOLO) Cash Burn Situation
Aug 16Electrameccanica Vehicles GAAP EPS of -$0.17, revenue of $1.55M
Aug 11A Look At The Intrinsic Value Of Electrameccanica Vehicles Corp. (NASDAQ:SOLO)
Jul 15ElectraMeccanica: Does The Company Have A Role To Play In The Future Of Transportation?
Jun 09We Think Electrameccanica Vehicles (NASDAQ:SOLO) Can Afford To Drive Business Growth
Apr 06ElectraMeccanica CEO Kevin Pavlov - Developing & Selling Electric Vehicles
Jan 18Companies Like Electrameccanica Vehicles (NASDAQ:SOLO) Are In A Position To Invest In Growth
Dec 30Shareholder Returns
| SOLO | US Auto | US Market | |
|---|---|---|---|
| 7D | -9.1% | -3.3% | -2.4% |
| 1Y | -52.9% | 48.5% | 23.4% |
Return vs Industry: SOLO underperformed the US Auto industry which returned 48.5% over the past year.
Return vs Market: SOLO underperformed the US Market which returned 23.4% over the past year.
Price Volatility
| SOLO volatility | |
|---|---|
| SOLO Average Weekly Movement | 8.9% |
| Auto Industry Average Movement | 10.7% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SOLO has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SOLO's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 34 | Susan Docherty | www.emvauto.com |
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.
Electrameccanica Vehicles Corp. Fundamentals Summary
| SOLO fundamental statistics | |
|---|---|
| Market cap | US$25.36m |
| Earnings (TTM) | -US$57.58m |
| Revenue (TTM) | US$608.43k |
41.7x
P/S Ratio-0.4x
P/E RatioIs SOLO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOLO income statement (TTM) | |
|---|---|
| Revenue | US$608.43k |
| Cost of Revenue | US$7.55m |
| Gross Profit | -US$6.94m |
| Other Expenses | US$50.64m |
| Earnings | -US$57.58m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.48 |
| Gross Margin | -1,140.84% |
| Net Profit Margin | -9,464.08% |
| Debt/Equity Ratio | 0% |
How did SOLO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/27 04:55 |
| End of Day Share Price | 2024/03/27 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Electrameccanica Vehicles Corp. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Victor Anthony | Aegis Capital Corporation |
| William Sutherland | Benchmark Company |
| Michael Shlisky | Colliers Securities |