Canoo Inc (NASDAQ: GOEV) kicked off on Friday, down -5.00% from the previous trading day, before settling in for the closing price of $3.00. Over the past 52 weeks, GOEV has traded in a range of $1.22-$19.50.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales slided by -20.00%. While this was happening, its average annual earnings per share was recorded 69.15%. With a float of $56.55 million, this company’s outstanding shares have now reached $64.47 million.
The extent of productivity of a business whose workforce counts for 651 workers is very important to gauge.
Canoo Inc (GOEV) Insider and Institutional Ownership
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 12.28%, while institutional ownership is 5.85%. The most recent insider transaction that took place on Feb 07 ’24, was worth 119. In this transaction GENERAL COUNSEL, CORP SECY of this company sold 745 shares at a rate of $0.16, taking the stock ownership to the 283,355 shares. Before that another transaction happened on Jan 24 ’24, when Company’s SVP and CAO sold 1,217 for $0.18, making the entire transaction worth $219. This insider now owns 283,669 shares in total.
Canoo Inc (GOEV) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 135.10 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 69.15% 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 206.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.39, a number that is poised to hit -1.00 in the next quarter and is forecasted to reach -2.40 in one year’s time.
Technical Analysis of Canoo Inc (GOEV)
The latest stats from [Canoo Inc, GOEV] show that its last 5-days average volume of 7.42 million was inferior to 7.67 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 58.69%. Additionally, its Average True Range was 0.50.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 23.13%, which indicates a significant decrease from 54.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 179.51% in the past 14 days, which was higher than the 164.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.75, while its 200-day Moving Average is $7.24. Now, the first resistance to watch is $3.05. This is followed by the second major resistance level at $3.25. The third major resistance level sits at $3.40. If the price goes on to break the first support level at $2.70, it is likely to go to the next support level at $2.55. The third support level lies at $2.35 if the price breaches the second support level.
Canoo Inc (NASDAQ: GOEV) Key Stats
The company with the Market Capitalisation of 183.74 million has total of 64,397K Shares Outstanding. Its annual sales at the moment are 890 K in contrast with the sum of -302,020 K annual income. Company’s last quarter sales were recorded 370 K and last quarter income was -28,440 K.
