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After finishing at $1.33 in the prior trading day, Canoo Inc (NASDAQ: GOEV) closed at $1.35, up 1.50%. In other words, the price has increased by $1.50 from its previous closing price. On the day, 1.5 million shares were traded. GOEV stock price reached its highest trading level at $1.38 during the session, while it also had its lowest trading level at $1.27.
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.The Benchmark Company initiated its Buy rating on April 17, 2024, with a $5 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 19556100 and an Enterprise Value of 232982256. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.67 while its Price-to-Book (P/B) ratio in mrq is 0.03. Its current Enterprise Value per Revenue stands at 124.99 whereas that against EBITDA is -1.17.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $141.68, while it has fallen to a 52-week low of $1.24. The 50-Day Moving Average of the stock is -82.73%, while the 200-Day Moving Average is calculated to be -95.82%.
Shares Statistics:
The stock has traded on average 2.23M shares per day over the past 3-months and 3215389 shares per day over the last 10 days, according to various share statistics. A total of 14.49M shares are outstanding, with a floating share count of 13.51M. Insiders hold about 6.76% of the company’s shares, while institutions hold 5.80% stake in the company. Shares short for GOEV as of 1734048000 were 645317 with a Short Ratio of 0.29, compared to 1731628800 on 475703. Therefore, it implies a Short% of Shares Outstanding of 645317 and a Short% of Float of 12.93.
