Canoo Inc (NASDAQ: GOEV) kicked off on Monday, down -6.40% from the previous trading day, before settling in for the closing price of $0.45. Over the past 52 weeks, GOEV has traded in a range of $0.37-$8.27.
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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%. While this was happening, its average annual earnings per share was recorded 82.63%. With a float of $88.33 million, this company’s outstanding shares have now reached $96.78 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) 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 8.73%, while institutional ownership is 17.35%. 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 9/30/2024, the organization reported -1.73 earnings per share (EPS), higher than consensus estimate (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 82.63% 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 0.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.48, a number that is poised to hit -0.46 in the next quarter and is forecasted to reach -1.61 in one year’s time.
Technical Analysis of Canoo Inc (GOEV)
Compared to the last year’s volume of 5.38 million, its volume of 4.92 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 4.19%. Additionally, its Average True Range was 0.08.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 2.09%, which indicates a significant decrease from 10.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 195.75% in the past 14 days, which was higher than the 127.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8035, while its 200-day Moving Average is $1.9130. Nevertheless, the first resistance level for the watch stands at $0.4581 in the near term. At $0.4951, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5161. If the price goes on to break the first support level at $0.4001, it is likely to go to the next support level at $0.3791. Now, if the price goes above the second support level, the third support stands at $0.3421.
Canoo Inc (NASDAQ: GOEV) Key Stats
The company with the Market Capitalisation of 40.63 million has total of 96,781K 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 890 K and last quarter income was 3,260 K.
