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How to buy Electrameccanica Vehicles stock | $7.09

Own Electrameccanica Vehicles stock in just a few minutes.

Fact checked

Electrameccanica Vehicles Corp is an auto manufacturers business based in the US. Electrameccanica Vehicles shares (SOLO) are listed on the NASDAQ and all prices are listed in US Dollars. Electrameccanica Vehicles employs 63 staff and has a market cap (total outstanding shares value) of USD$650.9 million.

How to buy shares in Electrameccanica Vehicles

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Electrameccanica Vehicles. Find the stock by name or ticker symbol: SOLO. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Electrameccanica Vehicles reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$7.09, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Electrameccanica Vehicles, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Electrameccanica Vehicles. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Electrameccanica Vehicles share price

Use our graph to track the performance of SOLO stocks over time.

Electrameccanica Vehicles shares at a glance

Information last updated 2020-12-01.
Latest market closeUSD$7.09
52-week rangeUSD$0.8901 - USD$13.6
50-day moving average USD$4.5615
200-day moving average USD$3.0304
Wall St. target priceUSD$7.42
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.38

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Electrameccanica Vehicles stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Electrameccanica Vehicles price performance over time

Historical closes compared with the close of $7.09 from 2020-12-09

1 week (2021-01-09) N/A
1 month (2020-12-16) N/A
3 months (2020-10-16) N/A
6 months (2020-07-16) N/A
1 year (2020-01-16) N/A
2 years (2019-01-16) N/A
3 years (2018-01-16) N/A
5 years (2016-01-16) N/A

Electrameccanica Vehicles financials

Gross profit TTM USD$129,380
Return on assets TTM -23.81%
Return on equity TTM 0%
Profit margin 0%
Book value $0.455
Market capitalisation USD$650.9 million

TTM: trailing 12 months

Shorting Electrameccanica Vehicles shares

There are currently 8.1 million Electrameccanica Vehicles shares held short by investors – that's known as Electrameccanica Vehicles's "short interest". This figure is 39.4% up from 5.8 million last month.

There are a few different ways that this level of interest in shorting Electrameccanica Vehicles shares can be evaluated.

Electrameccanica Vehicles's "short interest ratio" (SIR)

Electrameccanica Vehicles's "short interest ratio" (SIR) is the quantity of Electrameccanica Vehicles shares currently shorted divided by the average quantity of Electrameccanica Vehicles shares traded daily (recently around 18.1 million). Electrameccanica Vehicles's SIR currently stands at 0.45. In other words for every 100,000 Electrameccanica Vehicles shares traded daily on the market, roughly 450 shares are currently held short.

However Electrameccanica Vehicles's short interest can also be evaluated against the total number of Electrameccanica Vehicles shares, or, against the total number of tradable Electrameccanica Vehicles shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Electrameccanica Vehicles's short interest could be expressed as 0.1% of the outstanding shares (for every 100,000 Electrameccanica Vehicles shares in existence, roughly 100 shares are currently held short) or 0.1226% of the tradable shares (for every 100,000 tradable Electrameccanica Vehicles shares, roughly 123 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Electrameccanica Vehicles.

Find out more about how you can short Electrameccanica Vehicles stock.

Electrameccanica Vehicles share dividends

We're not expecting Electrameccanica Vehicles to pay a dividend over the next 12 months.

Have Electrameccanica Vehicles's shares ever split?

Electrameccanica Vehicles's shares were split on a 1:2 basis on 16 May 2018. So if you had owned 2 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Electrameccanica Vehicles shares – just the quantity. However, indirectly, the new 100% higher share price could have impacted the market appetite for Electrameccanica Vehicles shares which in turn could have impacted Electrameccanica Vehicles's share price.

Electrameccanica Vehicles share price volatility

Over the last 12 months, Electrameccanica Vehicles's shares have ranged in value from as little as $0.8901 up to $13.6. A popular way to gauge a stock's volatility is its "beta".

SOLO.US volatility(beta: 1.67)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Electrameccanica Vehicles's is 1.6694. This would suggest that Electrameccanica Vehicles's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Electrameccanica Vehicles overview

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.

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