73 institutions hold shares in Canoo Inc. (GOEV), with 139.35M shares held by insiders accounting for 58.68% while institutional investors hold 10.88% of the company’s shares. The shares outstanding are 236.71M, and float is at 88.95M with Short Float at 10.89%. Institutions hold 4.49% of the Float.
The top institutional shareholder in the company is Luxor Capital Group, LP with over 2.5 million shares valued at $34.5 million. The investor’s holdings represent 1.06% of the GOEV Shares outstanding. As of Dec 30, 2020, the second largest holder is Shaw D.E. & Co., Inc. with 2.5 million shares valued at $34.5 million to account for 1.06% of the shares outstanding. The other top investors are Phoenix Holdings Ltd. which holds 1.21 million shares representing 0.52% and valued at over $16.76 million, while Linden Advisors LP holds 0.30% of the shares totaling 0.7 million with a market value of $9.66 million.
Canoo Inc. (NASDAQ: GOEV) is -34.86% lower on its value in year-to-date trading and has touched a low of $8.52 and a high of $24.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOEV stock was last observed hovering at around $9.03 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $15.00 for the next 12 months. It is also 50.06% off the consensus price target high of $18.00 offered by 2 analysts, but current levels are 25.08% higher than the price target low of $12.00 for the same period.
Currently trading at $8.99, the stock is -31.97% and -38.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.84 million and changing -0.44% at the moment leaves the stock -29.80% off its SMA200. GOEV registered -11.78% loss for a year compared to 6-month gain of -19.30%. The firm has a 50-day simple moving average (SMA 50) of $13.55 and a 200-day simple moving average (SMA200) of $13.65.
The stock witnessed a -31.01% loss in the last 1 month and extending the period to 3 months gives it a -37.22%, and is -29.77% 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 9.75% over the week and 10.43% over the month.
Canoo Inc. (GOEV) has around 400 employees, a market worth around $2.13B and $2.55M in sales. Distance from 52-week low is 5.52% and -63.90% 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 “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 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 -$0.25 with sales reaching $3M over the same period.The EPS is expected to shrink by -12.30% this year, but quarterly earnings will post 3,233.30% year-over-year.