Canoo Inc (NASDAQ: GOEV) is -50.98% lower on its value in year-to-date trading and has touched a low of $1.22 and a high of $19.50 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 $1.94 in the last trading session, with the day’s gains setting it 0.96%.
Currently trading at $2.90, the stock is 28.16% and -14.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 107.95 million and changing 49.48% at the moment leaves the stock -65.29% off its SMA200. GOEV registered -78.63% loss for a year compared to 6-month loss of -73.85%. The firm has a 50-day simple moving average (SMA 50) of $534.86 and a 200-day simple moving average (SMA200) of -$0.78.
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The stock witnessed a -13.34% gain in the last 1 month and extending the period to 3 months gives it a -50.55%, and is 61.56% up 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 40.49% over the week and 19.37% over the month.
Canoo Inc (GOEV) has around 812 employees, a market worth around $165.13M and $0.52M in sales. Profit margin for the company is -68170.71%. Distance from 52-week low is 137.70% and -85.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-130.61%).
Canoo Inc quarterly earnings per share for the current quarter are estimated at -$1.77 with sales reaching $700k over the same period.The EPS is expected to grow by 66.99% this year.
Canoo Inc (GOEV) Top Institutional Holders
151 institutions hold shares in Canoo Inc (GOEV), with institutional investors hold 13.85% of the company’s shares. The shares outstanding are 56.94M, and float is at 50.48M with Short Float at 13.59%. Institutions hold 13.45% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 19.42 million shares valued at $9.31 million. The investor’s holdings represent 3.06% of the GOEV Shares outstanding. As of Mar 30, 2023, the second largest holder is Infini Capital Management Ltd with 16.74 million shares valued at $10.92 million to account for 2.64% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.39 million shares representing 1.32% and valued at over $4.02 million, while Geode Capital Management, LLC holds 0.64% of the shares totaling 4.04 million with a market value of $1.94 million.
Canoo Inc (GOEV) Insider Activity
The most recent transaction is an insider sale by Ruiz Hector M.,the company’sGENERAL COUNSEL, CORP SECY. SEC filings show that Ruiz Hector M. sold 745 shares of the company’s common stock on Feb 07 ’24 at a price of $0.16 per share for a total of $119.0. Following the sale, the insider now owns 0.28 million shares.
Canoo Inc disclosed in a document filed with the SEC on Jan 24 ’24 that MURTHY RAMESH (SVP and CAO) sold a total of 1,217 shares of the company’s common stock. The trade occurred on Jan 24 ’24 and was made at $0.18 per share for $219.0. Following the transaction, the insider now directly holds 0.28 million shares of the GOEV stock.
Still, SEC filings show that on Jan 04 ’24, Ruiz Hector M. (GENERAL COUNSEL, CORP SECY) disposed off 3,444 shares at an average price of $0.23 for $792.0. The insider now directly holds 284,100 shares of Canoo Inc (GOEV).
