In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Canoo Inc (NASDAQ: GOEV) closed at $2.77 up 2.59% from its previous closing price of $2.70. In other words, the price has increased by $2.59 from its previous closing price. On the day, 2.24 million shares were traded. GOEV stock price reached its highest trading level at $2.83 during the session, while it also had its lowest trading level at $2.7.
Ratios:
For a deeper understanding of Canoo Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.18. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on April 17, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On January 05, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $4.
On September 16, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $4.Stifel initiated its Buy rating on September 16, 2022, with a $4 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 07 ’24 when Ruiz Hector M. sold 745 shares for $0.16 per share. The transaction valued at 119 led to the insider holds 283,355 shares of the business.
MURTHY RAMESH sold 1,217 shares of GOEV for $219 on Jan 24 ’24. The SVP and CAO now owns 283,669 shares after completing the transaction at $0.18 per share. On Jan 04 ’24, another insider, Ruiz Hector M., who serves as the GENERAL COUNSEL, CORP SECY of the company, sold 3,444 shares for $0.23 each. As a result, the insider received 792 and left with 284,100 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 178591600 and an Enterprise Value of 287772608. For the stock, the TTM Price-to-Sale (P/S) ratio is 200.65 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 324.8 whereas that against EBITDA is -1.133.
Stock Price History:
The Beta on a monthly basis for GOEV is 1.28, which has changed by -0.8431839 over the last 52 weeks, in comparison to a change of 0.22363698 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 2.04%, while the 200-Day Moving Average is calculated to be -60.75%.
Shares Statistics:
For the past three months, GOEV has traded an average of 8.73M shares per day and 5652040 over the past ten days. A total of 64.47M shares are outstanding, with a floating share count of 56.62M. Insiders hold about 12.18% of the company’s shares, while institutions hold 5.83% stake in the company. Shares short for GOEV as of 1713139200 were 13199112 with a Short Ratio of 1.51, compared to 1710460800 on 9883475. Therefore, it implies a Short% of Shares Outstanding of 13199112 and a Short% of Float of 23.809999.
Earnings Estimates
As of right now, 4.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.97 for the current quarter, with a high estimate of -$0.85 and a low estimate of -$1.28, while EPS last year was -$5.06. The consensus estimate for the next quarter is -$0.77, with high estimates of -$0.53 and low estimates of -$1.01.
Analysts are recommending an EPS of between -$2.63 and -$3.79 for the fiscal current year, implying an average EPS of -$3.21. EPS for the following year is -$1.67, with 5.0 analysts recommending between -$0.14 and -$3.75.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $80M, while the lowest revenue estimate was $55.72M, resulting in an average revenue estimate of $68.7M. In the same quarter a year ago, actual revenue was $886kBased on 5 analysts’ estimates, the company’s revenue will be $537.08M in the next fiscal year. The high estimate is $1.2B and the low estimate is $260M.
