Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Electric Last Mile Solutions, Inc. (ELMSQ) was a company dedicated to commercial electric vehicles, primarily engaged in the development, production, and tailoring of electric vans designed for short-distance delivery and utility operations. The firm provided a Class 1 commercial electric vehicle to the U.S. market and intended to manufacture a Class 3 Urban Utility electric vehicle. Based in Troy, Michigan, the company and an associated entity sought Chapter 7 bankruptcy protection, filing for voluntary liquidation with the U.S. Bankruptcy Court for the District of Delaware on June 14, 2022.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks.