In the last trading session, 3.56 million shares of the Canoo Inc (NASDAQ:GOEV) were traded, and its beta was 1.30. Most recently the company’s share price was $1.71, and it changed around -$0.09 or -5.00% from the last close, which brings the market valuation of the company to $126.35M. GOEV currently trades at a discount to its 52-week high of $15.96, offering almost -833.33% off that amount. The share price’s 52-week low was $1.22, which indicates that the current value has risen by an impressive 28.65% since then. We note from Canoo Inc’s average daily trading volume that its 10-day average is 2.58 million shares, with the 3-month average coming to 3.80 million.
Canoo Inc (NASDAQ:GOEV) trade information
Instantly GOEV has showed a red trend with a performance of -5.00% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.1350 on recent trading dayincreased the stock’s daily price by 19.91%. The company’s shares are currently down -71.09% year-to-date, but still down -12.31% over the last five days. On the other hand, Canoo Inc (NASDAQ:GOEV) is -19.34% down in the 30-day period. We can see from the shorts that 10.67 million shares have been sold at a short interest cover period of 2.66 day(s).
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The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to increase their stock price by 54.4% from its current value. Analyst projections state that GOEV is forecast to be at a low of $3 and a high of $4.5.
Canoo Inc (GOEV) estimates and forecasts
Canoo Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -56.27 percent over the past six months and at a 55.09% annual growth rate that is well above the industry average of -0.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -482.58%.
Canoo Inc (NASDAQ:GOEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.24% of Canoo Inc shares, and 13.94% of them are in the hands of institutional investors. The stock currently has a share float of 14.87%. Canoo Inc stock is held by 104.0 institutions, with HBW ADVISORY SERVICES LLC being the largest institutional investor. By 2024-03-31, it held 0.1066% of the shares, which is about 26701.0 shares worth $7000.0.
ARMSTRONG ADVISORY GROUP, INC, with 0.0048% or 1200.0 shares worth $309.0 as of 2024-03-31, holds the second largest percentage of outstanding shares.
