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Electrameccanica Vehicles Corp is currently in a long term downtrend where the price is trading 26.9% below its 200 day moving average.
From a valuation standpoint, the stock is 429.8% more expensive than other stocks from the Consumer Cyclical sector with a price to sales ratio of 491.6.
Electrameccanica Vehicles Corp's total revenue sank by 28.7% to $224K since the same quarter in the previous year.
Its net income has dropped by 406.6% to $-41M since the same quarter in the previous year.
Finally, its free cash flow fell by 107.7% to $-11M since the same quarter in the previous year.
Based on the above factors, Electrameccanica Vehicles Corp gets an overall score of 0/5.
| Exchange | NASDAQ |
|---|---|
| CurrencyCode | USD |
| ISIN | CA2848492054 |
| Sector | Consumer Cyclical |
| Industry | Auto Manufacturers |
| Market Cap | 25M |
|---|---|
| PE Ratio | None |
| Target Price | 0.95 |
| Beta | 2.6 |
| Dividend Yield | None |
Electrameccanica Vehicles Corp. develops, manufactures, and sells electric vehicles in the United States and Canada. Its flagship product is the SOLO, a single seat vehicle. The company is also developing four-wheeled eRoadster and Tofino. In addition, it provides services, repairs, and support services, as well as sale of parts and custom built vehicles. The company sells its vehicles through direct-to-consumer online marketing, as well as through retail store operations in the States of California, Arizona, and Oregon. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada. As of March 26, 2024, Electrameccanica Vehicles Corp. operates as a subsidiary of Xos, Inc.
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