WallStreetZenWallStreetZen

NASDAQ: SOLO
ELECTRAMECCANICA VEHICLES CORP Stock Forecast, Predictions & Price Target

Buy SOLO

Analyst price target for SOLO

Based on 3 analysts offering 12 month price targets for ELECTRAMECCANICA VEHICLES CORP.
Min Forecast
$7.00+418.52%
Avg Forecast
$9.50+603.7%
Max Forecast
$14.00+937.04%

Should I buy or sell SOLO stock?

Based on 3 analysts offering ratings for ELECTRAMECCANICA VEHICLES CORP.
Strong Buy
Strong Buy
3 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Forecast return on equity

Is SOLO forecast to generate an efficient return?
Company
23.02%
Industry
74.4%
Market
32.18%
SOLO's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is SOLO forecast to generate an efficient return on assets?
Company
22.13%
Industry
34.04%
SOLO is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SOLO earnings per share forecast

What is SOLO's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
-$0.56
Avg 2 year Forecast
-$0.35
Avg 3 year Forecast
$0.22

SOLO revenue forecast

What is SOLO's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$13.5M+356.73%
Avg 2 year Forecast
$133.1M+4,401.28%
Avg 3 year Forecast
$485.3M+16,318.43%
SOLO's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SOLO revenue growth forecast

How is SOLO forecast to perform vs Auto Manufacturers companies and vs the US market?
Company
432.58%
Industry
33.57%
Market
9.36%
SOLO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SOLO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SOLO vs Auto Stocks

TickerPricePrice TargetUp/downsideConsensus
SOLO$1.35$9.50+603.70%Strong Buy
SEV$3.16$8.00+153.16%Strong Buy
GP$3.87$13.00+235.92%Strong Buy
VEV$1.33N/AN/A
AYRO$0.95N/AN/A

ELECTRAMECCANICA VEHICLES Stock Forecast FAQ

Is ELECTRAMECCANICA VEHICLES Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: SOLO) stock is to Strong Buy SOLO stock.

Out of 3 analysts, 3 (100%) are recommending SOLO as a Strong Buy, 0 (0%) are recommending SOLO as a Buy, 0 (0%) are recommending SOLO as a Hold, 0 (0%) are recommending SOLO as a Sell, and 0 (0%) are recommending SOLO as a Strong Sell.

What is SOLO's earnings growth forecast for 2022-2024?

(NASDAQ: SOLO) ELECTRAMECCANICA VEHICLES's forecast annual earnings growth rate of N/A is not forecast to beat the US Auto Manufacturers industry's average forecast earnings growth rate of 18.79%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.61%.

ELECTRAMECCANICA VEHICLES's earnings in 2022 is N/A.On average, 2 Wall Street analysts forecast SOLO's earnings for 2022 to be -$66,422,438, with the lowest SOLO earnings forecast at -$67,608,553, and the highest SOLO earnings forecast at -$65,236,323. On average, 2 Wall Street analysts forecast SOLO's earnings for 2023 to be -$41,514,024, with the lowest SOLO earnings forecast at -$41,514,024, and the highest SOLO earnings forecast at -$41,514,024.

In 2024, SOLO is forecast to generate $26,094,529 in earnings, with the lowest earnings forecast at -$21,350,069 and the highest earnings forecast at $72,353,013.

What is SOLO's revenue growth forecast for 2022-2024?

(NASDAQ: SOLO) ELECTRAMECCANICA VEHICLES's forecast annual revenue growth rate of 432.58% is forecast to beat the US Auto Manufacturers industry's average forecast revenue growth rate of 33.57%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 9.36%.

ELECTRAMECCANICA VEHICLES's revenue in 2022 is $2,955,824.On average, 2 Wall Street analysts forecast SOLO's revenue for 2022 to be $1,601,255,196, with the lowest SOLO revenue forecast at $1,423,337,952, and the highest SOLO revenue forecast at $1,779,172,440. On average, 2 Wall Street analysts forecast SOLO's revenue for 2023 to be $15,781,259,543, with the lowest SOLO revenue forecast at $14,826,437,000, and the highest SOLO revenue forecast at $16,736,082,086.

In 2024, SOLO is forecast to generate $57,562,159,009 in revenue, with the lowest revenue forecast at $36,840,730,658 and the highest revenue forecast at $78,283,587,360.

What is SOLO's forecast return on assets (ROA) for 2022-2025?

(NASDAQ: SOLO) forecast ROA is 22.13%, which is lower than the forecast US Auto Manufacturers industry average of 34.04%.

What is SOLO's Price Target?

According to 3 Wall Street analysts that have issued a 1 year SOLO price target, the average SOLO price target is $9.50, with the highest SOLO stock price forecast at $14.00 and the lowest SOLO stock price forecast at $7.00.

On average, Wall Street analysts predict that ELECTRAMECCANICA VEHICLES's share price could reach $9.50 by Jun 8, 2023. The average ELECTRAMECCANICA VEHICLES stock price prediction forecasts a potential upside of 603.7% from the current SOLO share price of $1.35.

What is SOLO's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: SOLO) ELECTRAMECCANICA VEHICLES's current Earnings Per Share (EPS) is -$0.51. On average, analysts forecast that SOLO's EPS will be -$0.56 for 2022, with the lowest EPS forecast at -$0.57, and the highest EPS forecast at -$0.55. On average, analysts forecast that SOLO's EPS will be -$0.35 for 2023, with the lowest EPS forecast at -$0.35, and the highest EPS forecast at -$0.35. In 2024, SOLO's EPS is forecast to hit $0.22 (min: -$0.18, max: $0.61).

What is SOLO's forecast return on equity (ROE) for 2022-2025?

(NASDAQ: SOLO) forecast ROE is 23.02%, which is considered strong.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.