The stock for Electrameccanica (SOLO) is currently trading within a daily range of $0.21 to $0.22. It's important to remember that stock prices are dynamic and fluctuate throughout the trading day based on market activity.
Understanding Electrameccanica (SOLO) Stock
Electrameccanica (SOLO) is a company focused on electric vehicles. To gain a deeper understanding of SOLO's market standing and financial health beyond its immediate trading price, it's helpful to consider various financial metrics. These indicators provide insights into the company's valuation, financial leverage, and historical price movements.
Here is a summary of key financial data for SOLO:
| Metric | Value |
|---|---|
| Today's Range | $0.21 - $0.22 |
| 52-Week Range | $0.20 - $0.37 |
| Market Capitalization | $25.31M |
| Debt / Equity | 22.61x |
| 5-Year Debt / Equity | 8.1x |
- Today's Range: This represents the lowest and highest prices at which SOLO shares have traded during the current day.
- 52-Week Range: This metric illustrates the highest and lowest trading prices over the past year, offering a view of the stock's historical volatility and performance trends.
- Market Capitalization: At $25.31 million, the market cap indicates the total value of all outstanding SOLO shares, which helps in assessing the company's overall size.
- Debt / Equity: A ratio of 22.61x compares the company's total liabilities to its shareholder equity. A higher ratio suggests that the company relies more on debt financing, which can impact financial risk. The 5-year debt/equity ratio of 8.1x offers a longer-term perspective on this leverage.
Factors Influencing Stock Prices
Stock prices are in constant flux due to a multitude of factors, including but not limited to:
- Company-Specific News: Any announcements regarding new product developments, strategic partnerships, quarterly earnings reports, or operational changes can significantly sway investor sentiment.
- Market and Economic Trends: Broader market performance, general economic indicators, and specific trends within the electric vehicle industry can also affect SOLO's stock price.
- Investor Demand: The fundamental principles of supply and demand, driven by investor perceptions, expectations, and trading activity, are constant drivers of price movement.
For the most up-to-the-minute stock price and detailed financial information for Electrameccanica (SOLO), always refer to real-time market data from reputable financial platforms. You can explore more details about SOLO stock, including current quotes and news, by visiting a reliable financial information source like Public.com.
