The price of Canoo Inc (NASDAQ: GOEV) closed at $2.93 in the last session, up 18.15% from day before closing price of $2.48. On the day, 14649572 shares were traded.
Ratios:
We take a closer look at GOEV’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 212.01 while its Price-to-Book (P/B) ratio in mrq is 0.45.
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.
Shares Statistics:
A total of 64.40M shares are outstanding, with a floating share count of 58.19M. Insiders hold about 9.64% of the company’s shares, while institutions hold 5.82% stake in the company.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.01 for the current quarter, with a high estimate of -$0.86 and a low estimate of -$1.28, while EPS last year was -$5.06. The consensus estimate for the next quarter is -$0.81, with high estimates of -$0.53 and low estimates of -$1.01.
Analysts are recommending an EPS of between -$3.79 and -$3.94 for the fiscal current year, implying an average EPS of -$3.87. EPS for the following year is -$1.77, with 4 analysts recommending between -$0.14 and -$3.75.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $80M, while the lowest revenue estimate was $55.72M, resulting in an average revenue estimate of $70.33M. In the same quarter a year ago, actual revenue was $886k, up 7,837.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $671.45M 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 854.70% from the average revenue estimate for this year.
