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The closing price of Canoo Inc (NASDAQ: GOEV) was $1.47 for the day, down -1.34% from the previous closing price of $1.49. In other words, the price has decreased by -$1.34 from its previous closing price. On the day, 1.86 million shares were traded. GOEV stock price reached its highest trading level at $1.5 during the session, while it also had its lowest trading level at $1.425.
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 Jul 03 ’24 when Ruiz Hector M. sold 10,937 shares for $2.33 per share. The transaction valued at 25,483 led to the insider holds 181,513 shares of the business.
MURTHY RAMESH sold 10,948 shares of GOEV for $25,509 on Jul 03 ’24. The SVP and CAO now owns 181,447 shares after completing the transaction at $2.33 per share. On Feb 07 ’24, another insider, Ruiz Hector M., who serves as the GENERAL COUNSEL, CORP SECY of the company, sold 745 shares for $0.16 each. As a result, the insider received 119 and left with 283,355 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 114497264 and an Enterprise Value of 228938208. For the stock, the TTM Price-to-Sale (P/S) ratio is 76.84 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 153.547 whereas that against EBITDA is -1.106.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $15.96, while it has fallen to a 52-week low of $1.22. The 50-Day Moving Average of the stock is -24.13%, while the 200-Day Moving Average is calculated to be -56.12%.
Shares Statistics:
GOEV traded an average of 3.75M shares per day over the past three months and 3065010 shares per day over the past ten days. A total of 77.89M shares are outstanding, with a floating share count of 69.57M. Insiders hold about 10.68% of the company’s shares, while institutions hold 20.03% stake in the company. Shares short for GOEV as of 1722384000 were 9724185 with a Short Ratio of 3.10, compared to 1719532800 on 10776218. Therefore, it implies a Short% of Shares Outstanding of 9724185 and a Short% of Float of 14.99.
