Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Canoo Inc (NASDAQ: GOEV) closed at $0.50 in the last session, down -6.14% from day before closing price of $0.54. In other words, the price has decreased by -$6.14 from its previous closing price. On the day, 4.39 million shares were traded. GOEV stock price reached its highest trading level at $0.56 during the session, while it also had its lowest trading level at $0.5.
Ratios:
We take a closer look at GOEV’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 48709980 and an Enterprise Value of 159154240. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.58 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 85.383 whereas that against EBITDA is -0.799.
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 $0.37. The 50-Day Moving Average of the stock is -43.70%, while the 200-Day Moving Average is calculated to be -74.97%.
Shares Statistics:
According to the various share statistics, GOEV traded on average about 4.87M shares per day over the past 3-months and 12805470 shares per day over the past 10 days. A total of 86.85M shares are outstanding, with a floating share count of 79.34M. Insiders hold about 8.65% of the company’s shares, while institutions hold 19.01% stake in the company. Shares short for GOEV as of 1730332800 were 10749541 with a Short Ratio of 2.21, compared to 1727654400 on 11510834. Therefore, it implies a Short% of Shares Outstanding of 10749541 and a Short% of Float of 13.0.
