Risks You Need To Know Before Getting in Electrameccanica Vehicles Corp. (NASDAQ:SOLO)

Electrameccanica Vehicles Corp. (NASDAQ:SOLO) Relative Strength Index (RSI) is 39.33, with weekly volatility at 6.54% and ATR at 0.79. The SOLO stock’s 52-week price range has touched low of $0.89 and a $13.60 high. Intraday shares traded counted 10.62 million, which was 49.45% higher than its 30-day average trading volume of 21.00M. Its shares traded lower over the last trading session, losing -5.23% on 02/22/21. The shares fell to a low of $6.81 before closing at $6.89. SOLO’s previous close was $7.27 while the outstanding shares total 69.95M. The firm has a beta of 2.86.

Investors have identified the Auto Manufacturers company Electrameccanica Vehicles Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $679.97 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Electrameccanica Vehicles Corp. (SOLO) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 82.3 million total, with 2.89 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record -0.36 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SOLO sounds very interesting.

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