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After finishing at $0.45 in the prior trading day, Canoo Inc (NASDAQ: GOEV) closed at $0.45, down -0.33%. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 3.84 million shares were traded. GOEV stock price reached its highest trading level at $0.4677 during the session, while it also had its lowest trading level at $0.4451.
Ratios:
Our goal is to gain a better understanding of GOEV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.09 and its Current Ratio is at 0.14. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.15.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 43551540 and an Enterprise Value of 154506752. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.34 while its Price-to-Book (P/B) ratio in mrq is 0.18. Its current Enterprise Value per Revenue stands at 82.89 whereas that against EBITDA is -0.776.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $8.27, while it has fallen to a 52-week low of $0.37. The 50-Day Moving Average of the stock is -44.83%, while the 200-Day Moving Average is calculated to be -76.67%.
Shares Statistics:
The stock has traded on average 4.97M shares per day over the past 3-months and 8320350 shares per day over the last 10 days, according to various share statistics. A total of 96.78M shares are outstanding, with a floating share count of 88.41M. Insiders hold about 8.65% of the company’s shares, while institutions hold 17.35% stake in the company. Shares short for GOEV as of 1730332800 were 10749541 with a Short Ratio of 2.16, compared to 1727654400 on 11510834. Therefore, it implies a Short% of Shares Outstanding of 10749541 and a Short% of Float of 13.0.
