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.
The price of Canoo Inc (NASDAQ: GOEV) closed at $0.99 in the last session, up 3.22% from day before closing price of $0.96. In other words, the price has increased by $3.22 from its previous closing price. On the day, 3.43 million shares were traded. GOEV stock price reached its highest trading level at $1.01 during the session, while it also had its lowest trading level at $0.9359.
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 80789728 and an Enterprise Value of 191364432. For the stock, the TTM Price-to-Sale (P/S) ratio is 55.80 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 128.346 whereas that against EBITDA is -0.924.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $10.35, while it has fallen to a 52-week low of $0.88. The 50-Day Moving Average of the stock is -29.96%, while the 200-Day Moving Average is calculated to be -62.62%.
Shares Statistics:
According to the various share statistics, GOEV traded on average about 3.20M shares per day over the past 3-months and 4034710 shares per day over the past 10 days. A total of 84.18M shares are outstanding, with a floating share count of 75.66M. Insiders hold about 10.12% of the company’s shares, while institutions hold 18.55% stake in the company. Shares short for GOEV as of 1726185600 were 9286835 with a Short Ratio of 2.90, compared to 1723680000 on 11622468. Therefore, it implies a Short% of Shares Outstanding of 9286835 and a Short% of Float of 12.47.
