Financial Review: Electrameccanica Vehicles (SOLO) vs. Its Competitors

Electrameccanica Vehicles (NASDAQ: SOLO) is one of 37 public companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its rivals? We will compare Electrameccanica Vehicles to similar companies based on the strength of its institutional ownership, risk, valuation, earnings, dividends, analyst recommendations and profitability.

Institutional & Insider Ownership

3.4% of Electrameccanica Vehicles shares are owned by institutional investors. Comparatively, 55.9% of shares of all “Motor vehicles & car bodies” companies are owned by institutional investors. 7.8% of shares of all “Motor vehicles & car bodies” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Profitability

This table compares Electrameccanica Vehicles and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Electrameccanica Vehicles -1,293.82% -100.26% -72.74%
Electrameccanica Vehicles Competitors -49.78% 8.73% 1.38%

Valuation & Earnings

This table compares Electrameccanica Vehicles and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Electrameccanica Vehicles $600,000.00 -$7.74 million -8.77
Electrameccanica Vehicles Competitors $65.61 billion $3.34 billion 7.26

Electrameccanica Vehicles’ rivals have higher revenue and earnings than Electrameccanica Vehicles. Electrameccanica Vehicles is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a summary of current ratings and target prices for Electrameccanica Vehicles and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrameccanica Vehicles 0 1 1 0 2.50
Electrameccanica Vehicles Competitors 675 1707 1917 125 2.34

Electrameccanica Vehicles currently has a consensus price target of $6.00, suggesting a potential upside of 75.44%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 6.49%. Given Electrameccanica Vehicles’ stronger consensus rating and higher probable upside, research analysts clearly believe Electrameccanica Vehicles is more favorable than its rivals.

Risk & Volatility

Electrameccanica Vehicles has a beta of 1.8, meaning that its stock price is 80% more volatile than the S&P 500. Comparatively, Electrameccanica Vehicles’ rivals have a beta of 1.31, meaning that their average stock price is 31% more volatile than the S&P 500.

Summary

Electrameccanica Vehicles rivals beat Electrameccanica Vehicles on 9 of the 13 factors compared.

Electrameccanica Vehicles Company Profile

Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles. The company sells its vehicles online through electrameccanica.com Website. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.

Receive News & Ratings for Electrameccanica Vehicles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrameccanica Vehicles and related companies with MarketBeat.com's FREE daily email newsletter.