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 $0.91 for the day, down -3.20% from the previous closing price of $0.94. In other words, the price has decreased by -$3.20 from its previous closing price. On the day, 3.33 million shares were traded. GOEV stock price reached its highest trading level at $0.9417 during the session, while it also had its lowest trading level at $0.903.
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 0.12 and its Current Ratio is at 0.17. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.17.
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 80816016 and an Enterprise Value of 185507152. For the stock, the TTM Price-to-Sale (P/S) ratio is 53.18 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 124.418 whereas that against EBITDA is -0.896.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $8.81, while it has fallen to a 52-week low of $0.88. The 50-Day Moving Average of the stock is -20.66%, while the 200-Day Moving Average is calculated to be -59.93%.
Shares Statistics:
GOEV traded an average of 3.11M shares per day over the past three months and 2981640 shares per day over the past ten days. A total of 86.85M shares are outstanding, with a floating share count of 78.88M. Insiders hold about 9.18% of the company’s shares, while institutions hold 18.03% stake in the company. Shares short for GOEV as of 1728950400 were 11188566 with a Short Ratio of 3.60, compared to 1726185600 on 9286835. Therefore, it implies a Short% of Shares Outstanding of 11188566 and a Short% of Float of 13.530000000000001.
