In recent trading session, Electrameccanica Vehicles Corp. (NASDAQ:SOLO) saw 13,848,156 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.58 trading at $0.02 or 0.79% at recent trade assigns it a market valuation of $167.68 Million. That current trading price of SOLO’s stock is at a discount of -132.56% from its 52-week high price of $6 and is indicating a premium of 65.5% from its 52-week low price of $0.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.13 Million shares which gives us an average trading volume of 13.34 Million if we extend that period to 3-months.
Electrameccanica Vehicles Corp. (NASDAQ:SOLO) trade information
Upright in the green today for gaining 0.79%, in the last five days SOLO remained trading in the green while hitting it’s week-highest on Thursday, Sep 24 when the stock touched $2.88-5 price level, adding 5.73% to its value on the day. Electrameccanica Vehicles Corp.’s shares saw a change of 26.28% in year-to-date performance and have moved 4.42% in past 5-day. Electrameccanica Vehicles Corp. (NASDAQ:SOLO) showed a performance of -4.06% in past 30-days. Number of shares sold short was 3.03 Million shares which calculate 0.23 days to cover the short interests.
Electrameccanica Vehicles Corp. (SOLO) estimates and forecasts
Statistics highlight that Electrameccanica Vehicles Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +120.69% of value to its shares in past 6 months, showing an annual growth rate of -35.94% while that of industry is -17.4. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 21.4% in the current quarter and calculating 7.7% increase in the next quarter. This year revenue growth is estimated to rise 26.2% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $90Million for the same. And 3 analysts are in estimates of company making revenue of $490Million in the next quarter that will end in December 01, 2020. Company posted $200Million and $224.31 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -55% while estimating it to be 118.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -126.2% while estimates for its earnings growth in next 5 years are of 0%