In today’s recent session, 12.65 million shares of the Canoo Inc (NASDAQ:GOEV) have been traded, and its beta is 1.14. Most recently the company’s share price was $0.25, and it changed around -$0.06 or -18.51% from the last close, which brings the market valuation of the company to $21.95M. GOEV at last check was trading at a discount to its 52-week high of $7.08, offering almost -2732.0% off that amount. The share price’s 52-week low was $0.30, which indicates that the recent value has fallen by an impressive -20.0% since then. We note from Canoo Inc’s average daily trading volume that its 10-day average is 5.99 million shares, with the 3-month average coming to 5.61 million.
Canoo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 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 -0.69 for the current quarter.
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Canoo Inc (NASDAQ:GOEV) trade information
Instantly GOEV has been showing red trend so far today with a performance of -18.51% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3790 on recent trading dayincreased the stock’s daily price by 34.04%. The company’s shares are currently down -95.77% year-to-date, but still down -32.61% over the last five days. On the other hand, Canoo Inc (NASDAQ:GOEV) is -38.99% down in the 30-day period. We can see from the shorts that 9.51 million shares have been sold at a short interest cover period of 1.22 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 83.33% from its current value. Analyst projections state that GOEV is forecast to be at a low of $1.5 and a high of $1.5.
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 -87.75 percent over the past six months and at a 75.54% annual growth rate that is well above the industry average of -10.90%. The year-over-year growth rate is expected to be 241.99%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.75M in revenue for the current quarter. 3 analysts expect Canoo Inc to make 3.67M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 378.13%. Forecasts for the next quarter put sales growth at 0.00%.
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 in January.
Canoo Inc (NASDAQ:GOEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.73% of Canoo Inc shares, and 19.74% of them are in the hands of institutional investors. The stock currently has a share float of 20.51%.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 2.3 shares worth $0.56 million, making up 2.38% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.51 shares worth around $0.37 million, which represents about 1.56% of the total shares outstanding.
