Bullboard - Stock Discussion Forum Electrameccanica Vehicles Corp SOLO

Consumer Cyclical Auto Manufacturers

ElectraMeccanica Vehicles Corp. is a Canada-based designer and assembler of environmentally efficient electric vehicles. The Company is focused on exploring other strategic third-party opportunities and potential options for its business primarily within the electrification sector, which includes mergers or acquisitions of other assets or entities, collaborations, including partnerships and... see more

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Electrameccanica Vehicles Corp > EV Industry News - Reports $32.7M Q1

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Post by STOCKRUS on Jun 01, 2021 11:09am

EV Industry News - Reports $32.7M Q1

If analysts at Roth Capital are correct, there could be much more upside based on their target. Roth currently has a Buy rating on Ideanomics and gave it a $7 target earlier this quarter. Based on the recent $3 level, that would equate to a move of more than 130%. Whether or not it actually reaches those levels is to be seen. The current 52-week high sits at $5.53, which is also its all-time high.

$32.7 M Revenues in Q1 & Cash $356 M

https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results

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