Electrameccanica Vehicles Corp. found using ticker (SOLO) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12.14 and 3.97 with the average target price sitting at 8.28. Given that the stocks previous close was at 7.4 this indicates there is a potential upside of 11.9%. The 50 day MA is 6.57 and the 200 day MA is 3.74. The company has a market cap of $579m. Company Website: http://www.electrameccanica.com
The potential market cap would be $648m based on the market concensus.
Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Super SOLO, a sports car model; and Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com Website, as well as through corporate owned stores. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.
