The closing price of Canoo Inc (NASDAQ: GOEV) was $3.44 for the day, down -18.10% from the previous closing price of $4.20. In other words, the price has decreased by -$0.7600 from its previous closing price. On the day, 14294476 shares were traded.
Ratios:
Our analysis of GOEV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.17. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.64.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 196.15M and an Enterprise Value of 306.92M. For the stock, the TTM Price-to-Sale (P/S) ratio is 376.68 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 591.37 whereas that against EBITDA is -0.86.
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 3.1861, while the 200-Day Moving Average is calculated to be 8.0352.
Shares Statistics:
GOEV traded an average of 7.36M shares per day over the past three months and 28.57M shares per day over the past ten days. A total of 56.94M shares are outstanding, with a floating share count of 50.48M. Insiders hold about 11.33% of the company’s shares, while institutions hold 6.58% stake in the company. Shares short for GOEV as of Feb 29, 2024 were 6.86M with a Short Ratio of 0.93, compared to 4.18M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.17% and a Short% of Float of 15.42%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$1.77 for the current quarter, with a high estimate of -$1.38 and a low estimate of -$2.07, while EPS last year was -$5.75. The consensus estimate for the next quarter is -$1.96, with high estimates of -$1.61 and low estimates of -$2.53.
Analysts are recommending an EPS of between -$12.88 and -$15.18 for the fiscal current year, implying an average EPS of -$13.82. EPS for the following year is -$8.87, with 6 analysts recommending between -$4.49 and -$17.94.
Revenue Estimates
Based on 6 analysts’ estimates, the company’s revenue will be $152.52M in the next fiscal year. The high estimate is $250M and the low estimate is $109.4M. The average revenue growth estimate for next year is up 12,200.00% from the average revenue estimate for this year.
