On Monday, Canoo Inc (NASDAQ: GOEV) opened lower -5.71% from the last session, before settling in for the closing price of $1.01. Price fluctuations for GOEV have ranged from $0.88 to $8.81 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 73.83% at the time writing. With a float of $78.88 million, this company’s outstanding shares have now reached $86.85 million.
The extent of productivity of a business whose workforce counts for 651 workers is very important to gauge. In terms of profitability, gross margin is -851.31%, operating margin of -14659.02%, and the pretax margin is -17174.11%.
Canoo Inc (GOEV) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Auto Manufacturers industry is another important factor to consider. The insider ownership of Canoo Inc is 9.18%, while institutional ownership is 17.99%. The most recent insider transaction that took place on Sep 17 ’24, was worth 3,515. In this transaction GENERAL COUNSEL, CORP SECY of this company sold 3,348 shares at a rate of $1.05, taking the stock ownership to the 178,165 shares. Before that another transaction happened on Sep 17 ’24, when Company’s Chief Financial Officer sold 4,849 for $1.05, making the entire transaction worth $5,091. This insider now owns 206,319 shares in total.
Canoo Inc (GOEV) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -4.14 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -2.77) by -1.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 73.83% per share during the next fiscal year.
Canoo Inc (NASDAQ: GOEV) Trading Performance Indicators
Check out the current performance indicators for Canoo Inc (GOEV). In the past quarter, the stock posted a quick ratio of 0.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 55.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.32, a number that is poised to hit -0.78 in the next quarter and is forecasted to reach -2.36 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 3.55 million was inferior to 5.07 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 53.86%. Additionally, its Average True Range was 0.08.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 3.53%, which indicates a significant decrease from 36.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.30% in the past 14 days, which was lower than the 95.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1951, while its 200-day Moving Average is $2.3646. Now, the first resistance to watch is $1.0056. This is followed by the second major resistance level at $1.0589. The third major resistance level sits at $1.0876. If the price goes on to break the first support level at $0.9236, it is likely to go to the next support level at $0.8949. The third support level lies at $0.8416 if the price breaches the second support level.
Canoo Inc (NASDAQ: GOEV) Key Stats
There are currently 68,567K shares outstanding in the company with a market cap of 82.71 million. Presently, the company’s annual sales total 890 K according to its annual income of -302,020 K. Last quarter, the company’s sales amounted to 610 K and its income totaled -4,960 K.
