In last trading session, Canoo Inc. (NASDAQ:GOEV) saw 2.11 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $6.86 trading at -$0.3 or -4.19% at ring of the bell on the day assigns it a market valuation of $1.63B. That closing price of GOEV’s stock is at a discount of -191.55% from its 52-week high price of $20.00 and is indicating a premium of 16.18% from its 52-week low price of $5.75. Taking a look at company’s average trading volume of 5.57 million if we extend that period to 3-months.
For Canoo Inc. (GOEV), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.51 in the current quarter.
Canoo Inc. (NASDAQ:GOEV) trade information
Upright in the red during last session for losing -4.19%, in the last five days GOEV remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $6.86 price level, adding 7.42% to its value on the day. Canoo Inc.’s shares saw a change of -11.14% in year-to-date performance and have moved -1.72% in past 5-day. Canoo Inc. (NASDAQ:GOEV) showed a performance of -20.60% in past 30-days.
Wall Street analysts have assigned a consensus price target of $14.00 to the stock, which implies a rise of 51.0% to its current value. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $21.00. It follows that stock’s current price would drop -206.12% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.54% for stock’s current value.
Canoo Inc. (GOEV) estimates and forecasts
Statistics highlight that Canoo Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -19.20% of value to its shares in past 6 months, showing an annual growth rate of -2.88% while that of industry is 16.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -537.50% in the current quarter and calculating -614.30% decrease in the next quarter.
Canoo Inc. is more likely to be releasing its next quarterly report between March 28 and April 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Canoo Inc. (NASDAQ:GOEV)’s Major holders
Insiders are in possession of 33.09% of company’s total shares while institution are holding 36.56 percent of that, with stock having share float percentage of 54.64%. Investors also watch the number of corporate investors in a company very closely, which is 36.56% institutions for Canoo Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at GOEV for having 11.93 million shares of worth $91.71 million. And as of Sep 29, 2021, it was holding 5.00% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 7.52 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.15% of outstanding shares, having a total worth of $57.82 million.
On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 3.67 million shares of worth $29.47 million or 1.54% of the total outstanding shares. The later fund manager was in possession of 3.64 million shares on Sep 29, 2021, making its stake of worth around $27.98 million in the company or a holder of 1.52% of company’s stock.