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The closing price of Canoo Inc (NASDAQ: GOEV) was $3.17 for the day, down -6.76% from the previous closing price of $3.40. In other words, the price has decreased by -$6.76 from its previous closing price. On the day, 3.51 million shares were traded. GOEV stock price reached its highest trading level at $3.4493 during the session, while it also had its lowest trading level at $3.14.
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 0.14 and its Current Ratio is at 0.18. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on April 17, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On January 05, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $4.
On September 16, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $4.Stifel initiated its Buy rating on September 16, 2022, 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 Feb 07 ’24 when Ruiz Hector M. sold 745 shares for $0.16 per share. The transaction valued at 119 led to the insider holds 283,355 shares of the business.
MURTHY RAMESH sold 1,217 shares of GOEV for $219 on Jan 24 ’24. The SVP and CAO now owns 283,669 shares after completing the transaction at $0.18 per share. On Jan 04 ’24, another insider, Ruiz Hector M., who serves as the GENERAL COUNSEL, CORP SECY of the company, sold 3,444 shares for $0.23 each. As a result, the insider received 792 and left with 284,100 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 204380992 and an Enterprise Value of 328342912. For the stock, the TTM Price-to-Sale (P/S) ratio is 229.63 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 370.59 whereas that against EBITDA is -1.293.
Stock Price History:
Over the past 52 weeks, GOEV has reached a high of $19.50, while it has fallen to a 52-week low of $1.22. The 50-Day Moving Average of the stock is 15.40%, while the 200-Day Moving Average is calculated to be -55.93%.
Shares Statistics:
GOEV traded an average of 8.67M shares per day over the past three months and 5441780 shares per day over the past ten days. A total of 64.47M shares are outstanding, with a floating share count of 56.55M. Insiders hold about 12.28% of the company’s shares, while institutions hold 5.84% stake in the company. Shares short for GOEV as of 1711584000 were 11053309 with a Short Ratio of 1.28, compared to 1709164800 on 6859785. Therefore, it implies a Short% of Shares Outstanding of 11053309 and a Short% of Float of 19.96.
Earnings Estimates
Current recommendations for the stock of the company come from 4.0 analysts. On average, analysts expect EPS of -$0.97 for the current quarter, with a high estimate of -$0.85 and a low estimate of -$1.28, while EPS last year was -$5.06. The consensus estimate for the next quarter is -$0.77, with high estimates of -$0.53 and low estimates of -$1.01.
Analysts are recommending an EPS of between -$2.63 and -$3.79 for the fiscal current year, implying an average EPS of -$3.21. EPS for the following year is -$1.67, with 5.0 analysts recommending between -$0.14 and -$3.75.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for GOEV’s current fiscal year. The highest revenue estimate was $80M, while the lowest revenue estimate was $55.72M, resulting in an average revenue estimate of $68.7M. In the same quarter a year ago, actual revenue was $886kBased on 5 analysts’ estimates, the company’s revenue will be $537.08M in the next fiscal year. The high estimate is $1.2B and the low estimate is $260M.
