In today’s recent session, 0.69 million shares of the Canoo Inc (NASDAQ:GOEV) have been traded, and its beta is 1.27. Most recently the company’s share price was $0.88, and it changed around -$0.04 or -3.88% from the last close, which brings the market valuation of the company to $76.60M. GOEV at last check was trading at a discount to its 52-week high of $8.81, offering almost -901.14% off that amount. We note from Canoo Inc’s average daily trading volume that its 10-day average is 3.07 million shares, with the 3-month average coming to 3.15 million.

Canoo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended GOEV as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Canoo Inc is expected to report earnings per share of -0.78 for the current quarter.

Canoo Inc (NASDAQ:GOEV) trade information

Instantly GOEV has been showing red trend so far today with a performance of -3.88% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.9634 on recent trading dayincreased the stock’s daily price by 8.66%. The company’s shares are currently down -85.09% year-to-date, but still down -7.85% over the last five days. On the other hand, Canoo Inc (NASDAQ:GOEV) is -10.32% down in the 30-day period. We can see from the shorts that 11.19 million shares have been sold at a short interest cover period of 3.1 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 70.67% from its current value. Analyst projections state that GOEV is forecast to be at a low of $1.5 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 -69.37 percent over the past six months and at a 61.46% annual growth rate that is well above the industry average of -6.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 81.20% in revenue this quarter, and will report an increase of 22.80% in the next quarter. The year-over-year growth rate is expected to be 2,939.50%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 2.11M in revenue for the current quarter. 3 analysts expect Canoo Inc to make 23.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 519k and 367k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 306.60%. Forecasts for the next quarter put sales growth at 6,404.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -482.58%.

GOEV Dividends

Canoo Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.

Canoo Inc (NASDAQ:GOEV)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.45% of Canoo Inc shares, and 23.53% of them are in the hands of institutional investors. The stock currently has a share float of 24.62%.

iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 1.51 shares worth $1.31 million, making up 1.76% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.23 shares worth around $1.07 million, which represents about 1.43% of the total shares outstanding.