In last trading session, Canoo Inc (NASDAQ:GOEV) saw 23.5 million shares changing hands with its beta currently measuring 1.18. Company’s recent per share price level of $3.41 trading at $0.63 or 22.66% at ring of the bell on the day assigns it a market valuation of $194.17M. That closing price of GOEV’s stock is at a discount of -471.85% from its 52-week high price of $19.50 and is indicating a premium of 64.22% from its 52-week low price of $1.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 21.93 million shares which gives us an average trading volume of 5.85 million if we extend that period to 3-months.
Canoo Inc (NASDAQ:GOEV) trade information
Upright in the green during last session for gaining 22.66%, in the last five days GOEV remained trading in the green while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $3.41 price level, adding 12.11% to its value on the day. Canoo Inc’s shares saw a change of -42.36% in year-to-date performance and have moved 150.74% in past 5-day. Canoo Inc (NASDAQ:GOEV) showed a performance of 15.47% in past 30-days. Number of shares sold short was 6.86 million shares which calculate 1.94 days to cover the short interests.
Canoo Inc (GOEV) estimates and forecasts
Statistics highlight that Canoo Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -68.91% of value to its shares in past 6 months, showing an annual growth rate of 69.46% while that of industry is 12.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 69.20% in the current quarter and calculating 61.30% increase in the next quarter.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $700k for the same. And 4 analysts are in estimates of company making revenue of $11.9 million in the next quarter that will end on Mar 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1132.83% during past 5 years.
GOEV Dividends
Canoo Inc is more likely to be releasing its next quarterly report on 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 2.72% of company’s total shares while institution are holding 12.69 percent of that, with stock having share float percentage of 13.05%. Investors also watch the number of corporate investors in a company very closely, which is 12.69% institutions for Canoo Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at GOEV for having 19.42 million shares of worth $9.31 million. And as of Jun 29, 2023, it was holding 3.06% of the company’s outstanding shares.
The second largest institutional holder is Infini Capital Management Ltd, which was holding about 16.74 million shares on Mar 30, 2023. The number of shares represents firm’s hold over 2.64% of outstanding shares, having a total worth of $10.92 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 13.19 million shares of worth $6.32 million or 2.08% of the total outstanding shares. The later fund manager was in possession of 4.15 million shares on Jun 29, 2023, making its stake of worth around $1.99 million in the company or a holder of 0.65% of company’s stock.
