Will Electrameccanica Vehicles Corp (SOLO) shares lead the market?

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InvestorsObserver gives Electrameccanica Vehicles Corp (SOLO) an analyst rating of 73, meaning SOLO is ranked higher by analysts than 73% of stocks. The average price target for SOLO is $10 and analysts rate the stock as a strong buy.

Wall Street analysts rate SOLO as a strong buy today. Find out what this means for you and get the rest of the leaderboard on SOLO!

Why are analyst ratings important?

A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.

InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.

What’s going on with Electrameccanica Vehicles Corp stock today?

Electrameccanica Vehicles Corp (SOLO) stock rose 3.09% while the S&P 500 was down -1.83% at 2:18 p.m. Tuesday, March 1. SOLO is up $0.06 from the previous closing price of $1.94 on volume of 1,471,931 shares. Over the past year, the S&P 500 is up 10.04% while SOLO is down -68.99%. SOLO has lost -$0.94 per share over the past 12 months. Click here for the full Electrameccanica Vehicles Corp stock report.

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