During the last session, Canoo Inc. (NASDAQ:GOEV)’s traded shares were 10,471,040, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $9.53, reflecting an intraday gain of 2.92% or $0.27. The 52-week high for the GOEV share is $24.9, that puts it down -161.28% from that peak though still a striking +10.6% gain since the share price plummeted to a 52-week low of $8.52. The company’s market capitalization is $2.26 Billion, and the average intraday trading volume over the past 10 days was 15.62 Million shares, and the average trade volume was 6.34 Million shares over the past three months.
Canoo Inc. (GOEV) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.5. GOEV has a Sell rating from none of the analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 1 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.25.
Canoo Inc. (NASDAQ:GOEV): Trading Information
Canoo Inc. (GOEV) registered a 2.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.52% in intraday trading to $10.65 this Wednesday, Apr 07, hitting a weekly high. The stock’s 5-day price performance is 2.47%, and it has moved by -14.76% in 30 days. Based on these gigs, the overall price performance for the year is -30.94%. The short interest in Canoo Inc. (NASDAQ:GOEV) is 9.68 Million shares and it means that shorts have 1.53 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 57.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $18 respectively. As a result, GOEV is trading at a discount of 88.88% off the target high and 25.92% off the low.
Canoo Inc. (GOEV) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return -12.3% in 2021, the next five years will return 0% per annum.
Canoo Inc. (NASDAQ:GOEV)’s Biggest Investors
Canoo Inc. insiders own 58.68% of total outstanding shares while institutional holders control 4.5%, with the float percentage being 10.89%. Luxor Capital Group, LP is the largest shareholder of the company, while 74 institutions own stock in it. As of Dec 30, 2020, the company held over 2.5 Million shares (or 1.06% of all shares), a total value of $34.5 Million in shares.
The next largest institutional holding, with 2.5 Million shares, is of Shaw D.E. & Co., Inc.’s that is approximately 1.06% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $34.5 Million.
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