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Electrameccanica Vehicles Corp. (SOLO) share price soared 16.61% with the closing price of $3.23 on Wednesday. Electrameccanica Vehicles Corp. stock has an exchanging volume of 36.19 million shares, which is high, contrasted with its 3-months average volume of 5.79M shares. Its market capitalization has now reached to $195.90M.
ElectraMeccanica Names Arizona and Tennessee as Two Finalist States for SOLO EV U.S. Assembly Facility and Engineering Technical Center on October 6, 2020 at Yahoo.
ROTH Capital announced it was Initiated coverage of Electrameccanica Vehicles Corp. in a research note on July 09, 2019. The Benchmark Company rated the stock as a Speculative buy in a research noted published on March 20, 2019.
SOLO Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, SOLO price has rose by 29.72%. In the course of past three months sees the stock go down around -7.18%, while it has gain 226.26% over the past six months and 50.23% since the start of the year.
SOLO Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 12.0 million, which was higher than the gauge of 90k made by certain experts. For that equivalent quarter, Electrameccanica Vehicles Corp. posted -$0.21 earnings per share (EPS) which was underneath the consensus estimate of -$0.13 by -$0.08, which represents to a reduction by -61.50%.
SOLO Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Electrameccanica Vehicles Corp. has seen its stock exchanging -15.45% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +38.03% above its three-month low. A more extensive look sees SOLO exchanging -46.17% beneath its 52-week high and 262.88% above from its 52-week low price.
SOLO Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 11.47%, while it has a month to month instability of 7.48%. The company has an ATR (Average True Range) of 0.20.