Canoo Inc (NASDAQ: GOEV) is -82.93% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $11.65 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 $1.05 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.01, the stock is -24.26% and -40.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.63 million and changing -3.81% at the moment leaves the stock -65.00% off its SMA200. GOEV registered -90.31% loss for a year compared to 6-month loss of -76.73%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -29.37% gain in the last 1 month and extending the period to 3 months gives it a -46.28%, and is -19.20% 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 9.84% over the week and 7.72% over the month.
Canoo Inc (GOEV) has around 651 employees, a market worth around $82.62M and $1.49M in sales. Profit margin for the company is -17344.40%. Distance from 52-week low is 1.00% and -91.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-112.27%).
with sales reaching $2.45M over the same period.The EPS is expected to grow by 73.83% this year, but quarterly earnings will post 2,939.50% year-over-year. Quarterly sales are estimated to grow 372.10% in year-over-year returns.
Canoo Inc (GOEV) Top Institutional Holders
137.0 institutions hold shares in Canoo Inc (GOEV), with institutional investors hold 25.58% of the company’s shares. The shares outstanding are 81.80M, and float is at 73.52M with Short Float at 14.80%. Institutions hold 24.13% 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 3,348 shares of the company’s common stock on Sep 17 ’24 at a price of $1.05 per share for a total of $3515.0. Following the sale, the insider now owns 0.18 million shares.
Canoo Inc disclosed in a document filed with the SEC on Sep 17 ’24 that Ethridge Greg (Chief Financial Officer) sold a total of 4,849 shares of the company’s common stock. The trade occurred on Sep 17 ’24 and was made at $1.05 per share for $5091.0. Following the transaction, the insider now directly holds 0.21 million shares of the GOEV stock.
Still, SEC filings show that on Sep 17 ’24, MURTHY RAMESH (SVP and CAO) disposed off 3,348 shares at an average price of $1.05 for $3515.0. The insider now directly holds 178,099 shares of Canoo Inc (GOEV).
