Electrameccanica Vehicles (NASDAQ:SOLO) Research Coverage Started at Roth Capital
Roth Capital assumed coverage on shares of Electrameccanica Vehicles (NASDAQ:SOLO) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating on the stock.
Several other equities analysts have also recently commented on the company. Zacks Investment Research cut Horiba from a hold rating to a sell rating in a research note on Wednesday, May 22nd. Benchmark initiated coverage on Electrameccanica Vehicles in a research note on Wednesday, March 20th. They set a speculative buy rating and a $6.00 price objective on the stock. Finally, ThinkEquity initiated coverage on Electrameccanica Vehicles in a research note on Thursday, March 28th. They set a buy rating and a $6.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $5.25.
Electrameccanica Vehicles stock opened at $2.86 on Tuesday. The stock has a market cap of $107.84 million, a PE ratio of -7.33 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 16.61 and a current ratio of 17.01. The firm’s 50 day simple moving average is $2.57. Electrameccanica Vehicles has a 52 week low of $0.90 and a 52 week high of $7.48.
A hedge fund recently bought a new stake in Electrameccanica Vehicles stock. Advisory Services Network LLC acquired a new position in shares of Electrameccanica Vehicles Corp (NASDAQ:SOLO) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,100 shares of the company’s stock, valued at approximately $104,000. Advisory Services Network LLC owned about 0.08% of Electrameccanica Vehicles at the end of the most recent reporting period. 2.98% of the stock is currently owned by institutional investors and hedge funds.
About Electrameccanica Vehicles
Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.
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