Electrameccanica Vehicles Corp. with ticker code (SOLO) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 12.14 and 3.97 calculating the average target price we see 8.28. Given that the stocks previous close was at 7.4 this would indicate that there is a potential upside of 11.9%. There is a 50 day moving average of 6.57 and the 200 day moving average is 3.74. The market capitalisation for the company is $579m. You can visit the company’s website by visiting: 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.
