Electrameccanica Vehicles Corp. – Consensus Indicates Potential 11.9% Upside

Broker Ratings

Electrameccanica Vehicles Corp. with ticker code (SOLO) have now 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 12.14 and 3.97 with a mean TP of 8.28. Given that the stocks previous close was at 7.4 this indicates there is a potential upside of 11.9%. The 50 day moving average now sits at 6.57 and the 200 day moving average is 3.74. The company has a market cap of $579m. 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 corporate owned stores. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

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