Canoo Inc (NASDAQ: GOEV) kicked off on November 20, 2023, at the price of $0.32, up 20.66% from the previous trading day. During the day, the shares moved up to $0.383 and dropped to $0.3161 before settling in for the closing price of $0.30. Over the past 52 weeks, GOEV has traded in a range of $0.22-$1.49.
Annual sales at Consumer Cyclical sector company slipped by -25.00% over the past five years. While this was happening, its average annual earnings per share was recorded 66.85%. With a float of $591.89 million, this company’s outstanding shares have now reached $726.30 million.
Let’s look at the performance matrix of the company that is accounted for 812 employees.
Canoo Inc (GOEV) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Canoo Inc is 18.51%, while institutional ownership is 11.04%. The most recent insider transaction that took place on Nov 07, was worth 260. In this transaction SVP and CAO of this company sold 1,001 shares at a rate of $0.26, taking the stock ownership to the 282,618 shares. Before that another transaction happened on Oct 02, when Company’s GENERAL COUNSEL, CORP SECY sold 2,814 for $0.49, making the entire transaction worth $1,379. This insider now owns 285,456 shares in total.
Canoo Inc (GOEV) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.06 earnings per share (EPS), higher than consensus estimate (set at -$0.12) by $0.06. This company achieved a return on equity of -168.00. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 66.85% per share during the next fiscal year.
Canoo Inc (NASDAQ: GOEV) Trading Performance Indicators
Take a look at Canoo Inc’s (GOEV) current performance indicators. Last quarter, stock had a quick ratio of 0.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 508.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.78, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.39 in one year’s time.
Technical Analysis of Canoo Inc (GOEV)
Canoo Inc (NASDAQ: GOEV) saw its 5-day average volume 52.71 million, a positive change from its year-to-date volume of 25.26 million. As of the previous 9 days, the stock’s Stochastic %D was 67.26%. Additionally, its Average True Range was 0.03.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 22.90%, which indicates a significant decrease from 88.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.77% in the past 14 days, which was higher than the 107.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3576, while its 200-day Moving Average is $0.5641. Nevertheless, the first resistance level for the watch stands at $0.3925 in the near term. At $0.4212, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4594. If the price goes on to break the first support level at $0.3256, it is likely to go to the next support level at $0.2874. Assuming the price breaks the second support level, the third support level stands at $0.2587.
Canoo Inc (NASDAQ: GOEV) Key Stats
The company with the Market Capitalisation of 264.23 million has total of 719,181K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -487,690 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -70,870 K.