A new trading day began on Monday, with Canoo Inc (NASDAQ: GOEV) stock price up 33.18% from the previous day of trading, before settling in for the closing price of $0.52. GOEV’s price has ranged from $0.37 to $8.81 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company slipped by -20.00% over the past five years. Meanwhile, its annual earnings per share averaged 74.28%. With a float of $78.88 million, this company’s outstanding shares have now reached $86.85 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of Canoo Inc is 9.18%, while institutional ownership is 17.95%. 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
According to the Wall Street analysts, stocks earnings will be around 74.28% per share during the next fiscal year.
Canoo Inc (NASDAQ: GOEV) Trading Performance Indicators
Here are Canoo Inc’s current performance indicators. According to the last quarter’s results, the 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 50.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.32, a number that is poised to hit -0.77 in the next quarter and is forecasted to reach -2.27 in one year’s time.
Technical Analysis of Canoo Inc (GOEV)
Canoo Inc (NASDAQ: GOEV) saw its 5-day average volume 11.41 million, a positive change from its year-to-date volume of 5.29 million. As of the previous 9 days, the stock’s Stochastic %D was 32.15%. Additionally, its Average True Range was 0.09.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 13.09%, which indicates a significant decrease from 53.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 262.45% in the past 14 days, which was higher than the 130.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9664, while its 200-day Moving Average is $2.0853. Nevertheless, the first resistance level for the watch stands at $0.7538 in the near term. At $0.8177, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9355. If the price goes on to break the first support level at $0.5721, it is likely to go to the next support level at $0.4543. The third support level lies at $0.3904 if the price breaches the second support level.
Canoo Inc (NASDAQ: GOEV) Key Stats
With a market capitalization of 75.77 million, the company has a total of 81,804K Shares Outstanding. Currently, annual sales are 890 K while annual income is -302,020 K. The company’s previous quarter sales were 610 K while its latest quarter income was -4,960 K.
