The consensus among analysts is that Electrameccanica Vehicles Corp. (SOLO) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.2.

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) trade information

Sporting 39.89% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the SOLO stock price touched $2.60-1 or saw a rise of 1.54%. Year-to-date, Electrameccanica Vehicles Corp. shares have moved 19.07%, while the 5-day performance has seen it change 51.48%. Over the past 30 days, the shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO) have changed 124.56%. Short interest in the company has seen 658.45 Million shares shorted with days to cover at 169.7.

Electrameccanica Vehicles Corp. (SOLO) estimates and forecasts

Figures show that Electrameccanica Vehicles Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained +19.63% over the past 6 months, with this year growth rate of NA%, compared to -27.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -322.2% and -35.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +295.1%.

2 analysts offering their estimates for the company have set an average revenue estimate of $170Million for the current quarter. 2 have an estimated revenue figure of $620Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $156Million and $200Million respectively for this quarter and the next, and analysts expect sales will grow by 9% for the current quarter and 210% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -126.2% while over the next 5 years, the company’s earnings are expected to increase by 0%.