InvestorsObserver
×
News Home

Should You Buy Electrameccanica Vehicles Corp (SOLO) Stock After it Has Gained 11.74% in a Week?

Monday, October 12, 2020 03:15 PM | InvestorsObserver Analysts

Mentioned in this article

Should You Buy Electrameccanica Vehicles Corp (SOLO) Stock After it Has Gained 11.74% in a Week?

Overall market sentiment has been high on Electrameccanica Vehicles Corp (SOLO) stock lately. SOLO receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Electrameccanica Vehicles Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SOLO!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SOLO Stock Today?

Electrameccanica Vehicles Corp (SOLO) stock is trading at $2.76 as of 3:13 PM on Monday, Oct 12, a rise of $0.16, or 6.15% from the previous closing price of $2.60. The stock has traded between $2.52 and $2.88 so far today. Volume today is high. So far 8,818,457 shares have traded compared to average volume of 4,407,790 shares.

To screen for more stocks like Electrameccanica Vehicles Corp click here.

More About Electrameccanica Vehicles Corp

Electrameccanica Vehicles Corp Ltd is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company's flagship vehicle is the purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO provides a driving experience that is trendy, fun, affordable and environmentally friendly.

Click Here to get the full Stock Score Report on Electrameccanica Vehicles Corp (SOLO) Stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App