Canoo Inc (NASDAQ: GOEV) is -93.97% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $7.08 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 $0.37 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.36, the stock is -24.76% and -51.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.23 million and changing -3.88% at the moment leaves the stock -80.61% off its SMA200. GOEV registered -94.65% loss for a year compared to 6-month loss of -82.69%. The firm has a 50-day simple moving average (SMA 50) of $0.75092 and a 200-day simple moving average (SMA200) of $1.85331.
The stock witnessed a -35.16% gain in the last 1 month and extending the period to 3 months gives it a -76.99%, and is -15.34% 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 11.27% over the week and 17.20% over the month.
Canoo Inc (GOEV) has around 651 employees, a market worth around $34.52M and $1.86M in sales. Profit margin for the company is -7762.10%. Distance from 52-week low is -0.08% and -94.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.68%).
with sales reaching $1.75M over the same period.The EPS is expected to grow by 82.63% this year, but quarterly earnings will post 241.99% year-over-year. Quarterly sales are estimated to grow 378.13% in year-over-year returns.
Canoo Inc (GOEV) Top Institutional Holders
144.0 institutions hold shares in Canoo Inc (GOEV), with institutional investors hold 20.50% of the company’s shares. The shares outstanding are 96.78M, and float is at 88.33M with Short Float at 10.77%. Institutions hold 19.74% of the Float.
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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).
