Gains May Be On The Menu For Canoo Inc (NASDAQ: GOEV)

Currently, there are 959.84M common shares owned by the public and among those 805.70M shares have been available to trade.

Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 17,440,092 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 48,382 shares.

Invest Like Buffett: Travel Back in Time & Grab This High-Potential Stock Before It Explodes

Imagine buying Apple for $1, Amazon for $2, or Tesla for $3. Now, imagine the same opportunity with a hidden gem trading under $3 right now.

Our premium newsletter, powered by AI and expert analysis, uncovers these time-travel investment opportunities.

Invest like Buffett and profit from undervalued gems before the market catches on.

Limited-time offer: Get your first month for just $2.90 and start your journey to wealth creation.


Sponsored

However, the script later moved the day high at 0.1675, down -5.49%. The company’s stock has a 5-day price change of -8.82% and -33.87% over the past three months. GOEV shares are trading -39.74% year to date (YTD), with the 12-month market performance down to -85.24% lower. It has a 12-month low price of $0.15 and touched a high of $1.06 over the same period. GOEV has an average intraday trading volume of 1.65 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.20%, -30.61%, and -64.30% respectively.

Institutional ownership of Canoo Inc (NASDAQ: GOEV) shares accounts for 8.40% of the company’s 959.84M shares outstanding.

It has a market capitalization of $148.78M and a beta (3y monthly) value of 1.28. The earnings-per-share (ttm) stands at -$0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.78% over the week and 11.64% over the month.

Analysts forecast that Canoo Inc (GOEV) will achieve an EPS of -$0.08 for the current quarter, -$0.09 for the next quarter and -$0.4 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 67.01%, and 32.38% over the next financial year.

Looking at the support for the GOEV, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on January 05, 2024, with the firm’s price target at $4.

Most Popular

Related Posts