Canoo Inc (NASDAQ:GOEV)’s traded shares stood at 1.8 million during the last session, with the company’s beta value hitting 1.27. At the close of trading, the stock’s price was $0.93, to imply a decrease of -2.78% or -$0.03 in intraday trading. The GOEV share’s 52-week high remains $8.81, putting it -847.31% down since that peak but still an impressive 5.38% since price per share fell to its 52-week low of $0.88. The company has a valuation of $80.81M, with an average of 2.84 million shares in intraday trading volume over the past 10 days and average of 3.13 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Canoo Inc (GOEV), translating to a mean rating of 1.67. Of 4 analyst(s) looking at the stock, 0 analyst(s) give GOEV a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.78.
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Canoo Inc (NASDAQ:GOEV) trade information
After registering a -2.78% downside in the last session, Canoo Inc (GOEV) has traded red over the past five days. The 5-day price performance for the stock is -6.16%, and -1.52% over 30 days. With these gigs, the year-to-date price performance is -84.27%. Short interest in Canoo Inc (NASDAQ:GOEV) saw shorts transact 11.51 million shares and set a 3.01 days time to cover.
The extremes give us $1.5 and $4.5 for target low and target high price respectively. As such, GOEV has been trading -383.87% off suggested target high and -61.29% from its likely low.
Canoo Inc (GOEV) estimates and forecasts
Looking at statistics comparing Canoo Inc share performance against respective industry, we note that the company has outperformed competitors. Canoo Inc (GOEV) shares are -67.91% down over the last 6 months, with its year-to-date growth rate higher than industry average at 61.46% against -6.80%. Revenue is forecast to grow 81.20% this quarter before jumping 22.80% for the next one. The rating firms project that company’s revenue will grow 2,939.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 2.11M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 23.87M.Earnings reports from the last fiscal year show that sales brought in 519k and 367k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 306.60% before jumping 6,404.10% in the following quarter.
GOEV Dividends
Canoo Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Canoo Inc (NASDAQ:GOEV)’s Major holders
Canoo Inc insiders hold 4.45% of total outstanding shares, with institutional holders owning 23.57% of the shares at 24.67% float percentage. In total, 23.57% institutions holds shares in the company, led by IFP ADVISORS, INC.
