Canoo Inc. (NASDAQ: GOEV) is 6.23% higher on its value in year-to-date trading and has touched a low of $9.21 and a high of $24.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOEV stock was last observed hovering at around $15.31 in the last trading session, with the day’s loss setting it -0.65% off its average median price target of $30.00 for the next 12 months. It is also 51.13% off the consensus price target high of $30.00 offered by 1 analysts, but current levels are 51.13% higher than the price target low of $30.00 for the same period.
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Currently trading at $14.66, the stock is -10.40% and -13.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing -4.25% at the moment leaves the stock 18.54% off its SMA200. GOEV registered 43.02% gain for a year compared to 6-month gain of 40.29%. The firm has a 50-day simple moving average (SMA 50) of $16.22 and a 200-day simple moving average (SMA200) of $13.20.
The stock witnessed a -14.37% loss in the last 1 month and extending the period to 3 months gives it a 41.37%, and is -12.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.54% over the week and 6.30% over the month.
Canoo Inc. (GOEV) has around 323 employees, a market worth around $3.54B and $2.55M in sales. Distance from 52-week low is 59.17% and -41.12% from its 52-week high.
Canoo Inc. (GOEV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Canoo Inc. (GOEV) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Canoo Inc. quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $3M over the same period..
Canoo Inc. (GOEV) Top Institutional Holders
76 institutions hold shares in Canoo Inc. (GOEV), with 14.81M shares held by insiders accounting for 56.80% while institutional investors hold 15.21% of the company’s shares. The shares outstanding are 241.66M, and float is at 197.79M with Short Float at 4.86%. Institutions hold 6.57% of the Float.