During the recent session, Canoo Inc (NASDAQ:GOEV)’s traded shares were 2.41 million, with the beta value of the company hitting 1.29. At the last check today, the stock’s price was $0.70, reflecting an intraday loss of -7.37% or -$0.06. The 52-week high for the GOEV share is $8.81, that puts it down -1158.57 from that peak though still a striking -5.71% loss since the share price plummeted to a 52-week low of $0.74. The company’s market capitalization is $60.90M, and the average intraday trading volume over the past 10 days was 3.54 million shares, and the average trade volume was 3.24 million shares over the past three months.

Canoo Inc (GOEV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. GOEV has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.78.

Canoo Inc (NASDAQ:GOEV) trade information

Canoo Inc (GOEV) registered a -7.37% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.37% in intraday trading to $0.70, hitting a weekly high. The stock’s 5-day price performance is -23.15%, and it has moved by -26.71% in 30 days. Based on these gigs, the overall price performance for the year is -88.16%. The short interest in Canoo Inc (NASDAQ:GOEV) is 11.19 million shares and it means that shorts have 3.1 day(s) to cover.

The consensus price target of analysts on Wall Street is $3, which implies an increase of 76.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $4.5 respectively. As a result, GOEV is trading at a discount of -542.86% off the target high and -114.29% off the low.

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 -74.69% during the last six months, with a year-to-date growth rate more than the industry average at 61.46% against -6.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 81.20% this quarter and then jump 22.80% in the quarter after that. In the rating firms’ projections, revenue will increase 2,939.50% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.11M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 23.87M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 519k and 367k respectively. In this case, analysts expect current quarter sales to grow by 306.60% and then jump by 6,404.10% in the coming quarter.

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 73.83% in 2024.

GOEV Dividends

Canoo Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Canoo Inc (NASDAQ:GOEV)’s Major holders

Canoo Inc insiders own 4.45% of total outstanding shares while institutional holders control 23.53%, with the float percentage being 24.62%.