After finishing at $2.24 in the prior trading day, Canoo Inc (NASDAQ: GOEV) closed at $2.13, down -4.91%. In other words, the price has decreased by -$0.1100 from its previous closing price. On the day, 3946796 shares were traded. GOEV stock price reached its highest trading level at $2.2700 during the session, while it also had its lowest trading level at $2.1100.
Ratios:
Our goal is to gain a better understanding of GOEV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.18. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wedbush on January 05, 2024, initiated with a Outperform rating and assigned the stock a target price of $4.
On September 16, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $4.
ROTH Capital Upgraded its Neutral to Buy on December 16, 2021, whereas the target price for the stock was revised from $9 to $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 07 ’24 when Ruiz Hector M. sold 745 shares for $0.16 per share. The transaction valued at 119 led to the insider holds 283,355 shares of the business.
MURTHY RAMESH sold 1,217 shares of GOEV for $219 on Jan 24 ’24. The SVP and CAO now owns 283,669 shares after completing the transaction at $0.18 per share. On Jan 04 ’24, another insider, Ruiz Hector M., who serves as the GENERAL COUNSEL, CORP SECY of the company, sold 3,444 shares for $0.23 each. As a result, the insider received 792 and left with 284,100 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 121.28M and an Enterprise Value of 207.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 154.13 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 234.08 whereas that against EBITDA is -0.73.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $19.50, while it has fallen to a 52-week low of $1.22. The 50-Day Moving Average of the stock is 3.0260, while the 200-Day Moving Average is calculated to be 7.6689.
Shares Statistics:
The stock has traded on average 8.35M shares per day over the past 3-months and 11.12M shares per day over the last 10 days, according to various share statistics. A total of 64.40M shares are outstanding, with a floating share count of 57.10M. Insiders hold about 11.33% of the company’s shares, while institutions hold 5.82% stake in the company. Shares short for GOEV as of Mar 15, 2024 were 9.88M with a Short Ratio of 1.18, compared to 6.24M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.36% and a Short% of Float of 18.64%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$1.16 for the current quarter, with a high estimate of -$0.86 and a low estimate of -$1.61, while EPS last year was -$5.06. The consensus estimate for the next quarter is -$1.01, with high estimates of -$0.53 and low estimates of -$1.61.
Analysts are recommending an EPS of between -$3.79 and -$17.94 for the fiscal current year, implying an average EPS of -$8.03. EPS for the following year is -$2.66, with 5 analysts recommending between -$0.14 and -$6.21.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $250M, while the lowest revenue estimate was $55.72M, resulting in an average revenue estimate of $122.62M. In the same quarter a year ago, actual revenue was $886k, up 13,739.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $712.51M in the next fiscal year. The high estimate is $1.2B and the low estimate is $335.14M. The average revenue growth estimate for next year is up 481.10% from the average revenue estimate for this year.
