Electric Vehicle Stock Drops 5.87% Wednesday: Should You Buy Electrameccanica Vehicles Corp (SOLO)?

Wednesday, March 15, 2023 02:20 PM | InvestorsObserver Analysts

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Electric Vehicle Stock Drops 5.87% Wednesday: Should You Buy Electrameccanica Vehicles Corp (SOLO)?

SOLO stock is lower by 5.87% as the electric vehicle stock decreases $0.04 and underperforms the marketThe 12 rating InvestorsObserver gives to Electrameccanica Vehicles Corp (SOLO) stock puts it near the bottom of the Consumer Cyclical sector. In addition to scoring higher than 24 percent of stocks in the Consumer Cyclical sector, SOLO’s 12 overall rating means the stock scores better than 12 of all stocks.

SOLO has an Overall Score of 12. Find out what this means to you and get the rest of the rankings on SOLO!

See Full SOLO Report

What do These Ratings Mean?

Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies in the consumer cyclical sector can be tricky to compare sometimes. InvestorsObserver’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the best stocks in that sector. These rankings allows you to easily compare stocks and view what the strengths and weaknesses are of a given company. This lets you find the stocks with the best short and long term growth prospects in a matter of seconds. The combined score incorporates technical and fundamental analysis in order to give a comprehensive overview of a stocks performance. Investors who then want to focus on analysts rankings or valuations are able to see the separate scores for each section.

What's Happening With Electrameccanica Vehicles Corp Stock Today?

Electrameccanica Vehicles Corp (SOLO) stock is trading at $0.64 as of 2:13 PM on Wednesday, Mar 15, a loss of -$0.04, or -5.87% from the previous closing price of $0.68. The stock has traded between $0.64 and $0.69 so far today. Volume today is below average. So far 446,742 shares have traded compared to average volume of 646,594 shares. Click Here to get the full Stock Report for Electrameccanica Vehicles Corp stock.