Canoo Inc (NASDAQ: GOEV) on Monday, plunged -3.42% from the previous trading day, before settling in for the closing price of $0.50. Within the past 52 weeks, GOEV’s price has moved between $0.37 and $8.81.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -20.00%. The company achieved an average annual earnings per share of 80.63%. With a float of $79.34 million, this company’s outstanding shares have now reached $86.85 million.
Considering the fact that the conglomerate employs 651 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -622.01%, operating margin of -12291.41%, and the pretax margin is -7559.53%.
Canoo Inc (GOEV) Insider Activity
Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Canoo Inc is 8.65%, while institutional ownership is 19.01%. 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) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.73 earnings per share (EPS) for the period topping the consensus outlook (set at -1.84) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 80.63% per share during the next fiscal year.
Canoo Inc (NASDAQ: GOEV) Trading Performance Indicators
Canoo Inc (GOEV) is currently performing well based on its current performance indicators. A quick ratio of 0.09 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 23.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.48, a number that is poised to hit -0.49 in the next quarter and is forecasted to reach -1.48 in one year’s time.
Technical Analysis of Canoo Inc (GOEV)
Compared to the last year’s volume of 5.39 million, its volume of 9.85 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 34.55%. Additionally, its Average True Range was 0.10.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 4.75%, which indicates a significant decrease from 22.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 274.12% in the past 14 days, which was higher than the 130.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8775, while its 200-day Moving Average is $1.9938. Nevertheless, the first resistance level for the watch stands at $0.5169 in the near term. At $0.5476, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5656. If the price goes on to break the first support level at $0.4682, it is likely to go to the next support level at $0.4502. Should the price break the second support level, the third support level stands at $0.4195.
Canoo Inc (NASDAQ: GOEV) Key Stats
Market capitalization of the company is 44.16 million based on 81,804K outstanding shares. Right now, sales total 890 K and income totals -302,020 K. The company made 610 K in profit during its latest quarter, and -4,960 K in sales during its previous quarter.
