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The price of Canoo Inc (NASDAQ: GOEV) closed at $1.15 in the last session, down -9.45% from day before closing price of $1.27. In other words, the price has decreased by -$9.45 from its previous closing price. On the day, 2.7 million shares were traded. GOEV stock price reached its highest trading level at $1.26 during the session, while it also had its lowest trading level at $1.14.
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 0.09 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:
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 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 16658900 and an Enterprise Value of 215543248. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.96 while its Price-to-Book (P/B) ratio in mrq is 0.02. Its current Enterprise Value per Revenue stands at 115.635 whereas that against EBITDA is -1.082.
Stock Price History:
The Beta on a monthly basis for GOEV is 1.31, which has changed by -0.9864865 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, GOEV has reached a high of $109.48, while it has fallen to a 52-week low of $1.24. The 50-Day Moving Average of the stock is -82.13%, while the 200-Day Moving Average is calculated to be -96.25%.
Shares Statistics:
According to the various share statistics, GOEV traded on average about 2.44M shares per day over the past 3-months and 3319390 shares per day over the past 10 days. A total of 14.49M shares are outstanding, with a floating share count of 13.51M. Insiders hold about 6.76% of the company’s shares, while institutions hold 5.80% stake in the company. Shares short for GOEV as of 1734048000 were 645317 with a Short Ratio of 0.43, compared to 1731628800 on 475703. Therefore, it implies a Short% of Shares Outstanding of 645317 and a Short% of Float of 12.93.
Earnings Estimates
The current rating of Canoo Inc (GOEV) is the result of assessments by 1.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is -$8.8, with high estimates of -$8.8 and low estimates of -$8.8.
Analysts are recommending an EPS of between -$47.8 and -$47.8 for the fiscal current year, implying an average EPS of -$47.8. EPS for the following year is -$39.8, with 1.0 analysts recommending between -$39.8 and -$39.8.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $1.6M. It ranges from a high estimate of $3.5M to a low estimate of $919k. As of the current estimate, Canoo Inc’s year-ago sales were $367kFor the next quarter, 5 analysts are estimating revenue of $2.94M. There is a high estimate of $5M for the next quarter, whereas the lowest estimate is $1M.
A total of 5 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $5M, while the lowest revenue estimate was $2.1M, resulting in an average revenue estimate of $2.92M. In the same quarter a year ago, actual revenue was $886kBased on 6 analysts’ estimates, the company’s revenue will be $64.61M in the next fiscal year. The high estimate is $260M and the low estimate is $3.21M.
