The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of Canoo Inc (NASDAQ: GOEV) was $0.96 for the day, up 3.96% from the previous closing price of $0.93. In other words, the price has increased by $3.96 from its previous closing price. On the day, 2.37 million shares were traded. GOEV stock price reached its highest trading level at $0.9725 during the session, while it also had its lowest trading level at $0.9.
Ratios:
Our analysis of GOEV’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 83583024 and an Enterprise Value of 189463936. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.10 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 127.072 whereas that against EBITDA is -0.915.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $9.30, while it has fallen to a 52-week low of $0.88. The 50-Day Moving Average of the stock is -25.09%, while the 200-Day Moving Average is calculated to be -61.49%.
Shares Statistics:
GOEV traded an average of 3.13M shares per day over the past three months and 2700190 shares per day over the past ten days. A total of 86.78M shares are outstanding, with a floating share count of 78.81M. Insiders hold about 9.63% of the company’s shares, while institutions hold 18.00% stake in the company. Shares short for GOEV as of 1727654400 were 11510834 with a Short Ratio of 3.68, compared to 1724976000 on 10878037. Therefore, it implies a Short% of Shares Outstanding of 11510834 and a Short% of Float of 15.45.
