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After finishing at $0.33 in the prior trading day, Canoo Inc (NASDAQ: GOEV) closed at $0.47, up 43.94%. In other words, the price has increased by $43.94 from its previous closing price. On the day, 281.21 million shares were traded. GOEV stock price reached its highest trading level at $0.8899 during the session, while it also had its lowest trading level at $0.33.
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 0.09 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.The Benchmark Company initiated its Buy rating on April 17, 2024, with a $5 target price.
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 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 6880850 and an Enterprise Value of 156686624. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 0.01. Its current Enterprise Value per Revenue stands at 84.059 whereas that against EBITDA is -0.787.
Stock Price History:
The Beta on a monthly basis for GOEV is 1.18, which has changed by -0.99447805 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, GOEV has reached a high of $102.07, while it has fallen to a 52-week low of $0.32. The 50-Day Moving Average of the stock is -89.55%, while the 200-Day Moving Average is calculated to be -98.31%.
Shares Statistics:
The stock has traded on average 3.68M shares per day over the past 3-months and 35441470 shares per day over the last 10 days, according to various share statistics. A total of 14.49M shares are outstanding, with a floating share count of 14.16M. Insiders hold about 2.26% of the company’s shares, while institutions hold 5.78% stake in the company. Shares short for GOEV as of 1735603200 were 1043131 with a Short Ratio of 0.28, compared to 1732838400 on 723723. Therefore, it implies a Short% of Shares Outstanding of 1043131 and a Short% of Float of 7.31.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
1 analysts predict $15M in revenue for the current quarter. It ranges from a high estimate of $15M to a low estimate of $15M. As of the current estimate, Canoo Inc’s year-ago sales were $367k
A total of 1 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $15.6M, while the lowest revenue estimate was $15.6M, resulting in an average revenue estimate of $15.6M. In the same quarter a year ago, actual revenue was $886kBased on 1 analysts’ estimates, the company’s revenue will be $260M in the next fiscal year. The high estimate is $260M and the low estimate is $260M.
