Canoo Inc (NASDAQ: GOEV) kicked off on Monday, down -29.27% from the previous trading day, before settling in for the closing price of $0.55. Over the past 52 weeks, GOEV has traded in a range of $0.52-$8.81.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales drop of Consumer Cyclical Sector giant was -20.00%. While this was happening, its average annual earnings per share was recorded 73.83%. With a float of $78.88 million, this company’s outstanding shares have now reached $86.85 million.
Let’s determine the extent of company efficiency that accounts for 651 employees. In terms of profitability, gross margin is -851.31%, operating margin of -14659.02%, and the pretax margin is -17174.11%.
Canoo Inc (GOEV) Breakdown of a Key Holders of the stock
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 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) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -4.14 earnings per share (EPS), lower than consensus estimate (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
Take a look at Canoo Inc’s (GOEV) current performance indicators. Last quarter, stock had a quick ratio of 0.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.47.
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)
Looking closely at Canoo Inc (NASDAQ: GOEV), its last 5-days average volume was 10.84 million, which is a jump from its year-to-date volume of 5.15 million. As of the previous 9 days, the stock’s Stochastic %D was 5.03%. Additionally, its Average True Range was 0.09.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 0.78%, which indicates a significant decrease from 2.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 179.11% in the past 14 days, which was higher than the 119.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0645, while its 200-day Moving Average is $2.1702. However, in the short run, Canoo Inc’s stock first resistance to watch stands at $0.5165. Second resistance stands at $0.6439. The third major resistance level sits at $0.7172. If the price goes on to break the first support level at $0.3158, it is likely to go to the next support level at $0.2425. Now, if the price goes above the second support level, the third support stands at $0.1151.
Canoo Inc (NASDAQ: GOEV) Key Stats
The company with the Market Capitalisation of 24.55 million has total of 81,804K 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 610 K and last quarter income was -4,960 K.
