A new trading day began on Monday, with Canoo Inc (NASDAQ: GOEV) stock price down -16.52% from the previous day of trading, before settling in for the closing price of $0.13. GOEV’s price has ranged from $0.12 to $7.08 over the past 52 weeks.
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
It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales slided by -20.00%. Meanwhile, its annual earnings per share averaged 81.72%. With a float of $89.20 million, this company’s outstanding shares have now reached $96.78 million.
The extent of productivity of a business whose workforce counts for 651 workers is very important to gauge. 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
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 7.83%, 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 81.72% 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 0.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.33.
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)
The latest stats from [Canoo Inc, GOEV] show that its last 5-days average volume of 276.93 million was superior to 11.16 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 8.50%. Additionally, its Average True Range was 0.07.
During the past 100 days, Canoo Inc’s (GOEV) raw stochastic average was set at 0.02%, which indicates a significant decrease from 0.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 243.09% in the past 14 days, which was higher than the 159.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6034, while its 200-day Moving Average is $1.7314. Now, the first resistance to watch is $0.1295. This is followed by the second major resistance level at $0.1488. The third major resistance level sits at $0.1587. If the price goes on to break the first support level at $0.1003, it is likely to go to the next support level at $0.0904. The third support level lies at $0.0711 if the price breaches the second support level.
Canoo Inc (NASDAQ: GOEV) Key Stats
With a market capitalization of 8.05 million, the company has a total of 96,781K Shares Outstanding. Currently, annual sales are 890 K while annual income is -302,020 K. The company’s previous quarter sales were 890 K while its latest quarter income was 3,260 K.
