Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Canoo Inc (NASDAQ: GOEV) was $0.38 for the day, up 4.30% from the previous closing price of $0.37. In other words, the price has increased by $4.30 from its previous closing price. On the day, 3.11 million shares were traded. GOEV stock price reached its highest trading level at $0.3889 during the session, while it also had its lowest trading level at $0.3732.
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 0.09 and its Current Ratio is at 0.14. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.15.
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:
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 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 39808580 and an Enterprise Value of 148655968. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.78 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 79.751 whereas that against EBITDA is -0.747.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $8.27, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -49.86%, while the 200-Day Moving Average is calculated to be -79.50%.
Shares Statistics:
GOEV traded an average of 5.26M shares per day over the past three months and 4813170 shares per day over the past ten days. A total of 96.78M shares are outstanding, with a floating share count of 88.33M. Insiders hold about 8.73% of the company’s shares, while institutions hold 17.35% stake in the company. Shares short for GOEV as of 1731628800 were 9514074 with a Short Ratio of 1.81, compared to 1728950400 on 11188566. Therefore, it implies a Short% of Shares Outstanding of 9514074 and a Short% of Float of 10.27.
