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The price of Canoo Inc (NASDAQ: GOEV) closed at $2.78 in the last session, up 3.73% from day before closing price of $2.68. In other words, the price has increased by $3.73 from its previous closing price. On the day, 3.15 million shares were traded. GOEV stock price reached its highest trading level at $2.81 during the session, while it also had its lowest trading level at $2.641.
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 0.13 and its Current Ratio is at 0.16. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.19.
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 Jul 03 ’24 when MURTHY RAMESH sold 10,948 shares for $2.33 per share. The transaction valued at 25,509 led to the insider holds 181,447 shares of the business.
Ruiz Hector M. sold 10,937 shares of GOEV for $25,483 on Jul 03 ’24. The GENERAL COUNSEL, CORP SECY now owns 181,513 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 197935440 and an Enterprise Value of 318040640. For the stock, the TTM Price-to-Sale (P/S) ratio is 222.40 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 358.962 whereas that against EBITDA is -1.346.
Stock Price History:
The Beta on a monthly basis for GOEV is 1.32, which has changed by -0.831658 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, GOEV has reached a high of $19.50, while it has fallen to a 52-week low of $1.22. The 50-Day Moving Average of the stock is 21.22%, while the 200-Day Moving Average is calculated to be -34.60%.
Shares Statistics:
According to the various share statistics, GOEV traded on average about 4.26M shares per day over the past 3-months and 3466650 shares per day over the past 10 days. A total of 71.20M shares are outstanding, with a floating share count of 63.71M. Insiders hold about 10.52% of the company’s shares, while institutions hold 7.70% stake in the company. Shares short for GOEV as of 1719532800 were 10776218 with a Short Ratio of 2.53, compared to 1717113600 on 9228062. Therefore, it implies a Short% of Shares Outstanding of 10776218 and a Short% of Float of 17.419999999999998.
