For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Canoo Inc (NASDAQ: GOEV) closed the day trading at $1.54 down -0.65% from the previous closing price of $1.55. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 2.56 million shares were traded. GOEV stock price reached its highest trading level at $1.58 during the session, while it also had its lowest trading level at $1.39.
Ratios:
For a better understanding of GOEV, let’s 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 22308440 and an Enterprise Value of 249549296. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.92 while its Price-to-Book (P/B) ratio in mrq is 0.03. Its current Enterprise Value per Revenue stands at 133.878 whereas that against EBITDA is -1.253.
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 $1.37. The 50-Day Moving Average of the stock is -83.38%, while the 200-Day Moving Average is calculated to be -95.36%.
Shares Statistics:
Over the past 3-months, GOEV traded about 2.06M shares per day on average, while over the past 10 days, GOEV traded about 5760261 shares per day. A total of 14.49M shares are outstanding, with a floating share count of 13.51M. Shares short for GOEV as of 1734048000 were 645317 with a Short Ratio of 0.31, compared to 1731628800 on 475703. Therefore, it implies a Short% of Shares Outstanding of 645317 and a Short% of Float of 12.93.
