What is the price target for SOLO stock?
6 analysts have analysed SOLO and the average price target is 0.97 USD. This implies a price increase of 356.64% is expected in the next year compared to the current price of 0.2122.
ELECTRAMECCANICA VEHICLES CO (SOLO) Forecast, Price Target & Analyst Ratings
NASDAQ:SOLO • CA2848492054
Current stock price
0.2122 USD
-0.01 (-3.55%)
At close:
0.2151 USD
+0 (+1.37%)
After Hours:
Analyst forecast overview
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ELECTRAMECCANICA VEHICLES CO (SOLO).
Forecast Snapshot
Next Earnings Forecast
Earnings Estimate- Release Date
- May 13, 2024
- Period
- Q1 / 2024
- EPS Estimate
- -$0.15
- Revenue Estimate
- 816K
Price Target Details & History
Consensus Price Target and Range
Mean target
$0.97
Upside
+ 356.64%
From current price of $0.21 to mean target of $0.97, Based on 6 analyst forecasts
Low
$0.40
Median
$0.97
High
$1.58
Price Target Revisions
1 Month
0.00%
3 Months
-5.00%
Price Target Summary
6 Wall Street analysts provided a forecast for the next 12 months for SOLO. The average price target is 0.97 USD. This implies a price increase of 356.64% is expected in the next year compared to the current price of 0.2122.
The average price target has been revised downward by 5% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
43.33%
SOLO was analyzed by 6 analysts. The buy percentage consensus is at 43. So analysts seem to be rather negative about SOLO.
In the previous month the buy percentage consensus was at a similar level.
SOLO was analyzed by 6 analysts. More opinions would make the average more meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2024-01-12 | Roth MKM | Maintains | Neutral -> Neutral |
| 2023-04-18 | Roth MKM | Downgrade | Buy -> Neutral |
| 2023-03-21 | Stifel | Downgrade | Buy -> Hold |
| 2021-03-24 | Aegis Capital | Maintains | Buy |
Next Earnings Forecast Details
Next Earnings Details
- Release Date
- May 13, 2024
- Period
- Q1 / 2024
- EPS Estimate
- -$0.15
- Revenue Estimate
- 816K
- Revenue Q2Q
- 63.20%
- EPS Q2Q
- -13.33%
- Number of Analysts
- 3
Next Earnings Revisions
Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%
Next Earnings Summary
SOLO is expected to report earnings on 5/13/2024. The consensus EPS estimate for the next earnings is -0.15 USD and the consensus revenue estimate is 816.00K USD.
The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
Full Analyst Estimates 2024 - 2025
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|
| Revenue YoY % growth | 2.1M 268.42% | 6.81M 224.29% | 608.43K -91.07% | -100.00% | 30.6M | |
| EBITDA YoY % growth | -53.12M -107.42% | -85.86M -61.63% | -40.266M 53.10% | -36.516M 9.31% | 73.644M 301.68% | |
| EBIT YoY % growth | -56.6M -108.01% | -91.68M -61.98% | -43.713M 52.32% | -42.33M 3.16% | -77.01M -81.93% | |
| Operating Margin | -2,695.24% | -1,346.26% | -7,184.58% | N/A | -251.67% | |
| EPS YoY % growth | -0.45 67.97% | -1.38 -204.88% | -0.53 61.53% | -0.34 36.37% | -0.64 -90.91% |
All data in USD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q1 / 24 | Q2 / 24 | Q3 / 24 | Q4 / 24 | |
|---|---|---|---|---|
| EPS Q2Q % growth | -0.15 -13.33% | -0.15 -14.18% | -0.15 -39.09% | -0.15 -2.00% |
| Revenue Q2Q % growth | 816K 63.20% | 1.53M 1,430.00% | 3.57M | 4.386M |
| EBITDA Q2Q % growth | -16.83M -31.69% | -16.83M -57.88% | -16.83M -198.40% | -16.83M -126.14% |
| EBIT Q2Q % growth | -18.36M -33.92% | -18.36M -48.42% | -18.36M -123.36% | -18.36M -68.65% |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
N/A
EPS Next 5 Year
N/A
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
ELECTRAMECCANICA VEHICLES CO / SOLO Forecast FAQ
When does ELECTRAMECCANICA VEHICLES CO (SOLO) report earnings?
ELECTRAMECCANICA VEHICLES CO (SOLO) will report earnings on 2024-05-13, after the market close.
What are the consensus estimates for SOLO stock next earnings?
The consensus EPS estimate for the next earnings of ELECTRAMECCANICA VEHICLES CO (SOLO) is -0.15 USD and the consensus revenue estimate is 816.00K USD.
How many analysts cover ELECTRAMECCANICA VEHICLES CO (SOLO) stock?
The number of analysts covering ELECTRAMECCANICA VEHICLES CO (SOLO) is 6.