In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Canoo Inc (NASDAQ: GOEV) closed at $0.55 down -27.34% from its previous closing price of $0.76. In other words, the price has decreased by -$27.34 from its previous closing price. On the day, 14.96 million shares were traded. GOEV stock price reached its highest trading level at $0.77 during the session, while it also had its lowest trading level at $0.5202.
Ratios:
For a deeper understanding of Canoo Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.12 and its Current Ratio is at 0.17. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.17.
On April 17, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $5.
On January 05, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $4.Wedbush initiated its Outperform rating on January 05, 2024, with a $4 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 17 ’24 when Ruiz Hector M. sold 3,348 shares for $1.05 per share. The transaction valued at 3,515 led to the insider holds 178,165 shares of the business.
Ethridge Greg sold 4,849 shares of GOEV for $5,091 on Sep 17 ’24. The Chief Financial Officer now owns 206,319 shares after completing the transaction at $1.05 per share. On Sep 17 ’24, another insider, MURTHY RAMESH, who serves as the SVP and CAO of the company, sold 3,348 shares for $1.05 each. As a result, the insider received 3,515 and left with 178,099 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GOEV now has a Market Capitalization of 47768712 and an Enterprise Value of 157280096. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.29 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 105.486 whereas that against EBITDA is -0.76.
Stock Price History:
The Beta on a monthly basis for GOEV is 1.29, which has changed by -0.90872884 over the last 52 weeks, in comparison to a change of 0.31214523 over the same period for the S&P500. Over the past 52 weeks, GOEV has reached a high of $8.81, while it has fallen to a 52-week low of $0.74. The 50-Day Moving Average of the stock is -49.36%, while the 200-Day Moving Average is calculated to be -74.85%.
Shares Statistics:
For the past three months, GOEV has traded an average of 3.24M shares per day and 4689780 over the past ten days. A total of 86.85M shares are outstanding, with a floating share count of 78.88M. Insiders hold about 9.18% of the company’s shares, while institutions hold 17.99% stake in the company. Shares short for GOEV as of 1728950400 were 11188566 with a Short Ratio of 3.46, compared to 1726185600 on 9286835. Therefore, it implies a Short% of Shares Outstanding of 11188566 and a Short% of Float of 13.530000000000001.
Earnings Estimates
The stock of Canoo Inc (GOEV) is currently drawing attention from 5.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is -$0.71, with high estimates of -$0.49 and low estimates of -$0.94.
Analysts are recommending an EPS of between -$2.64 and -$3.95 for the fiscal current year, implying an average EPS of -$3.37. EPS for the following year is -$2.36, with 5.0 analysts recommending between -$1.39 and -$4.5.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $23.87M. There is a high estimate of $37.82M for the next quarter, whereas the lowest estimate is $15M.
A total of 3 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $45.18M, while the lowest revenue estimate was $15.6M, resulting in an average revenue estimate of $26.93M. In the same quarter a year ago, actual revenue was $886kBased on 3 analysts’ estimates, the company’s revenue will be $300.61M in the next fiscal year. The high estimate is $350M and the low estimate is $260M.
