On Monday, Canoo Inc (NASDAQ: GOEV) opened lower -21.77% from the last session, before settling in for the closing price of $0.31. Price fluctuations for GOEV have ranged from $0.30 to $7.08 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. Company’s average yearly earnings per share was noted 81.73% at the time writing. With a float of $88.33 million, this company’s outstanding shares have now reached $96.78 million.
Let’s look at the performance matrix of the company that is accounted for 651 employees. 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 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 8.73%, while institutional ownership is 17.38%. 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 81.73% 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 0.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.49.
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 -1.51 in one year’s time.
Technical Analysis of Canoo Inc (GOEV)
Canoo Inc (NASDAQ: GOEV) saw its 5-day average volume 12.93 million, a positive change from its year-to-date volume of 5.55 million. As of the previous 9 days, the stock’s Stochastic %D was 7.79%. Additionally, its Average True Range was 0.06.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 1.30%, which indicates a significant decrease from 9.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.04% in the past 14 days, which was lower than the 130.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6843, while its 200-day Moving Average is $1.7893. Nevertheless, the first resistance level for the watch stands at $0.2896 in the near term. At $0.3392, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.3784. If the price goes on to break the first support level at $0.2008, it is likely to go to the next support level at $0.1616. The third support level lies at $0.1120 if the price breaches the second support level.
Canoo Inc (NASDAQ: GOEV) Key Stats
There are currently 96,781K shares outstanding in the company with a market cap of 23.23 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 890 K and its income totaled 3,260 K.
