What is the Market's View on Electrameccanica Vehicles Corp (SOLO) Stock's Price and Volume Trends Thursday?

Thursday, December 30, 2021 11:53 AM | InvestorsObserver Analysts

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What is the Market's View on Electrameccanica Vehicles Corp (SOLO) Stock's Price and Volume Trends Thursday?

The market has been down on Electrameccanica Vehicles Corp (SOLO) stock recently. SOLO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Electrameccanica Vehicles Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SOLO!

See Full SOLO Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SOLO Stock Today?

Electrameccanica Vehicles Corp (SOLO) stock is trading at $2.44 as of 11:37 AM on Thursday, Dec 30, an increase of $0.21, or 9.42% from the previous closing price of $2.23. The stock has traded between $2.21 and $2.52 so far today. Volume today is 3,509,885 compared to average volume of 3,286,460. To see InvestorsObserver's Sentiment Score for 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 Report for Electrameccanica Vehicles Corp stock.