electrameccanica stock forecast

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Is ElectraMeccanica vehicles a good stock to buy?

Electrameccanica Vehicles has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. Electrameccanica Vehicles has received no research coverage in the past 90 days. Read more about Electrameccanica Vehicles' stock forecast and price target.

Why did ElectraMeccanica vehicles' share price drop 13%?

In the last half decade, Electrameccanica Vehicles saw its revenue increase by 62% per year. That's well above most other pre-profit companies. So it's not at all clear to us why the share price sunk 13% throughout that time. It could be that the stock was over-hyped before.

What happened to ElectraMeccanica stock?

ElectraMeccanica stock was delisted from Nasdaq on Mar 26, 2024, following the completion of the transaction. XOS will facilitate the surrender of the EV designer and assembler's reporting issuer status in British Columbia. Prior to this acquisition, Xos held no common shares of ElectraMeccanica.

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