Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Canoo Inc (NASDAQ: GOEV) closed at $0.52 in the last session, up 26.43% from day before closing price of $0.41. In other words, the price has increased by $26.43 from its previous closing price. On the day, 20.26 million shares were traded. GOEV stock price reached its highest trading level at $0.5387 during the session, while it also had its lowest trading level at $0.414.
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 0.12 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:
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 44998128 and an Enterprise Value of 154795424. For the stock, the TTM Price-to-Sale (P/S) ratio is 38.18 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at 103.82 whereas that against EBITDA is -0.748.
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 $0.37. The 50-Day Moving Average of the stock is -47.29%, while the 200-Day Moving Average is calculated to be -75.33%.
Shares Statistics:
According to the various share statistics, GOEV traded on average about 3.99M shares per day over the past 3-months and 9894010 shares per day over the past 10 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 17.95% stake in the company. Shares short for GOEV as of 1728950400 were 11188566 with a Short Ratio of 2.80, compared to 1726185600 on 9286835. Therefore, it implies a Short% of Shares Outstanding of 11188566 and a Short% of Float of 13.530000000000001.
