Canoo Inc (GOEV) concluded trading on Thursday at a closing price of $2.36, with 3.08 million shares of worth about $7.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -43.06% during that period and on July 18, 2024 the price saw a loss of about -10.61%. Currently the company’s common shares owned by public are about 71.20M shares, out of which, 63.71M shares are available for trading.
Stock saw a price change of -0.84% in past 5 days and over the past one month there was a price change of 19.19%. Year-to-date (YTD), GOEV shares are showing a performance of -60.11% which decreased to -85.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.22 but also hit the highest price of $19.50 during that period. The average intraday trading volume for Canoo Inc shares is 3.96 million. The stock is currently trading 7.91% above its 20-day simple moving average (SMA20), while that difference is up 3.07% for SMA50 and it goes to -43.35% lower than SMA200.
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Canoo Inc (NASDAQ: GOEV) currently have 71.20M outstanding shares and institutions hold larger chunk of about 7.70% of that.
The stock has a current market capitalization of $168.03M and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$10.45 in the same period. It has Quick Ratio of 0.13 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GOEV, volatility over the week remained 11.24% while standing at 9.86% over the month.
Stock’s fiscal year EPS is expected to rise by 61.91% while it is estimated to increase by 49.96% in next year.
Coverage by The Benchmark Company stated Canoo Inc (GOEV) stock as a Buy in their note to investors on April 17, 2024, suggesting a price target of $5 for the stock. On January 05, 2024, Wedbush Initiated their recommendations, while on September 16, 2022, Stifel Initiated their ratings for the stock with a price target of $4. Stock get a Buy rating from ROTH Capital on December 16, 2021.
