During the last session, Canoo Inc (NASDAQ:GOEV)’s traded shares were 3.91 million, with the beta value of the company hitting 1.24. At the end of the trading day, the stock’s price was $2.90, reflecting an intraday loss of -8.52% or -$0.27. The 52-week high for the GOEV share is $19.50, that puts it down -572.41 from that peak though still a striking 57.93% gain since the share price plummeted to a 52-week low of $1.22. The company’s market capitalization is $186.96M, and the average trade volume was 8.68 million shares over the past three months.
Canoo Inc (NASDAQ:GOEV) trade information
Canoo Inc (GOEV) registered a -8.52% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -8.52% in intraday trading to $2.90, hitting a weekly high. The stock’s 5-day price performance is 1.40%, and it has moved by -30.95% in 30 days. Based on these gigs, the overall price performance for the year is -82.10%.
Canoo Inc (GOEV) estimates and forecasts
Statistics show that Canoo Inc has outperformed its competitors in share price, compared to the industry in which it operates. Canoo Inc (GOEV) shares have gone down -54.84% during the last six months, with a year-to-date growth rate more than the industry average at 68.24% against 10.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 80.80% this quarter and then jump 76.10% in the quarter after that. In the rating firms’ projections, revenue will increase 7,654.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.42 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $3.92 million by the end of Jun 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -482.58%. While earnings are projected to return 69.15% in 2024.
GOEV Dividends
Canoo Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
