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.
In the latest session, Canoo Inc (NASDAQ: GOEV) closed at $0.31 down -9.28% from its previous closing price of $0.34. In other words, the price has decreased by -$9.28 from its previous closing price. On the day, 12.6 million shares were traded. GOEV stock price reached its highest trading level at $0.3494 during the session, while it also had its lowest trading level at $0.2978.
Ratios:
For a deeper understanding of Canoo Inc’s stock, let’s take a closer look at its various 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.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 31896770 and an Enterprise Value of 142020432. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.48 while its Price-to-Book (P/B) ratio in mrq is 0.13. Its current Enterprise Value per Revenue stands at 76.191 whereas that against EBITDA is -0.713.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $7.08, while it has fallen to a 52-week low of $0.33. The 50-Day Moving Average of the stock is -56.23%, while the 200-Day Moving Average is calculated to be -82.97%.
Shares Statistics:
For the past three months, GOEV has traded an average of 5.44M shares per day and 5993360 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 17.38% stake in the company. Shares short for GOEV as of 1731628800 were 9514074 with a Short Ratio of 1.75, compared to 1728950400 on 11188566. Therefore, it implies a Short% of Shares Outstanding of 9514074 and a Short% of Float of 10.27.
