Electrameccanica Vehicles Corp. – Consensus Indicates Potential -11.8% Downside

Broker Ratings

Electrameccanica Vehicles Corp. with ticker code (SOLO) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 12.28 and 4.01 and has a mean target at 8.36. Now with the previous closing price of 9.48 this would indicate that there is a downside of -11.8%. The 50 day moving average now sits at 7.56 and the 200 day moving average is 4.79. The company has a market capitalisation of $684m. Visit the company website at: http://www.electrameccanica.com

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 six retail stores. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

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