Canoo Inc (NASDAQ: GOEV) is -75.15% lower on its value in year-to-date trading and has touched a low of $1.22 and a high of $14.18 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 $1.55 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $1.47, the stock is -2.87% and -22.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.37 million and changing -5.16% at the moment leaves the stock -54.38% off its SMA200. GOEV registered -89.27% loss for a year compared to 6-month loss of -26.37%.
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The stock witnessed a -11.98% gain in the last 1 month and extending the period to 3 months gives it a -30.33%, and is 2.08% 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 7.98% over the week and 7.40% over the month.
Canoo Inc (GOEV) has around 651 employees, a market worth around $114.63M and $1.49M in sales. Profit margin for the company is -17344.40%. Distance from 52-week low is 20.49% and -89.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-112.27%).
The EPS is expected to grow by 73.13% this year
136.0 institutions hold shares in Canoo Inc (GOEV), with institutional investors hold 26.84% of the company’s shares. The shares outstanding are 77.98M, and float is at 69.65M with Short Float at 16.69%. Institutions hold 25.25% of the Float.
Canoo Inc (GOEV) Insider Activity
The most recent transaction is an insider sale by Ruiz Hector M., the company’s GENERAL COUNSEL, CORP SECY. SEC filings show that Ruiz Hector M. sold 10,937 shares of the company’s common stock on Jul 03 ’24 at a price of $2.33 per share for a total of $25483.0. Following the sale, the insider now owns 0.18 million shares.
Canoo Inc disclosed in a document filed with the SEC on Jul 03 ’24 that MURTHY RAMESH (SVP and CAO) sold a total of 10,948 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $2.33 per share for $25509.0. Following the transaction, the insider now directly holds 0.18 million shares of the GOEV stock.
Still, SEC filings show that on Feb 07 ’24, Ruiz Hector M. (GENERAL COUNSEL, CORP SECY) disposed off 745 shares at an average price of $0.16 for $119.0. The insider now directly holds 283,355 shares of Canoo Inc (GOEV).
