Canoo Inc. (NASDAQ: GOEV) on June 29, 2022, started off the session at the price of $2.03, plunging -0.49% from the previous trading day. During the day, the shares moved up to $2.04 and dropped to $1.91 before settling in for the closing price of $2.04. Within the past 52 weeks, GOEV’s price has moved between $2.02 and $13.35.
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The company achieved an average annual earnings per share of -93.70%. With a float of $203.63 million, this company’s outstanding shares have now reached $255.47 million.
Considering the fact that the conglomerate employs 805 people, you should pay attention to its efficiency factor.
Canoo Inc. (GOEV) Breakdown of a Key Holders of the stock
Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Canoo Inc. is 12.60%, while institutional ownership is 36.50%. The most recent insider transaction that took place on Jun 23, was worth 1,768. In this transaction SVP, ICFO and CAO of this company sold 749 shares at a rate of $2.36, taking the stock ownership to the 281,170 shares. Before that another transaction happened on Jun 23, when Company’s GENERAL COUNSEL, CORP SECY sold 4,063 for $2.36, making the entire transaction worth $9,589. This insider now owns 273,746 shares in total.
Canoo Inc. (GOEV) Recent Fiscal highlights
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.54 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.5) by -$0.04. This company achieved a return on equity of -75.73. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -93.70% per share during the next fiscal year.
Canoo Inc. (NASDAQ: GOEV) Trading Performance Indicators
Canoo Inc. (GOEV) is currently performing well based on its current performance indicators. A quick ratio of 1.10 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.98, a number that is poised to hit -0.50 in the next quarter and is forecasted to reach -1.48 in one year’s time.
Technical Analysis of Canoo Inc. (GOEV)
Compared to the last year’s volume of 2.76 million, its volume of 5.39 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.81%. Additionally, its Average True Range was 0.24.
During the past 100 days, Canoo Inc.’s (GOEV) raw stochastic average was set at 2.65%, which indicates a significant decrease from 8.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.67% in the past 14 days, which was lower than the 95.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.53, while its 200-day Moving Average is $6.28. Nevertheless, the first resistance level for the watch stands at $2.08 in the near term. At $2.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.21. If the price goes on to break the first support level at $1.95, it is likely to go to the next support level at $1.86. Now, if the price goes above the second support level, the third support stands at $1.82.
Canoo Inc. (NASDAQ: GOEV) Key Stats
Market capitalization of the company is 518.60 million based on 302,206K outstanding shares. Right now, sales total 0 K and income totals -346,770 K. The company made 0 K in profit during its latest quarter, and -125,370 K in sales during its previous quarter.