For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Canoo Inc’s stock clocked out at $1.01, up 3.25% from its previous closing price of $0.98. In other words, the price has increased by $3.25 from its previous closing price. On the day, 3.58 million shares were traded. GOEV stock price reached its highest trading level at $1.06 during the session, while it also had its lowest trading level at $0.975.
Ratios:
To gain a deeper understanding of GOEV’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 87720720 and an Enterprise Value of 193109152. For the stock, the TTM Price-to-Sale (P/S) ratio is 58.87 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 129.517 whereas that against EBITDA is -0.933.
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 $0.88. The 50-Day Moving Average of the stock is -16.64%, while the 200-Day Moving Average is calculated to be -57.64%.
Shares Statistics:
It appears that GOEV traded 3.09M shares on average per day over the past three months and 2286400 shares per day over the past ten 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 17.99% stake in the company. Shares short for GOEV as of 1727654400 were 11510834 with a Short Ratio of 3.73, compared to 1724976000 on 10878037. Therefore, it implies a Short% of Shares Outstanding of 11510834 and a Short% of Float of 15.45.
