In recent trading session, Canoo Inc (NASDAQ:GOEV) saw 27.1 million shares changing hands at last check today with its beta currently measuring 1.27. Company’s recent per share price level of $0.12 trading at -$0.01 or -7.14% at last check today assigns it a market valuation of $11.32M. That most recent trading price of GOEV’s stock is at a discount of -5800.0% from its 52-week high price of $7.08 and is indicating a premium of 8.33% from its 52-week low price of $0.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 192.54 million shares which gives us an average trading volume of 34.92 million if we extend that period to 3-months.

For Canoo Inc (GOEV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.69 in the current quarter.

Canoo Inc (NASDAQ:GOEV) trade information

Upright in the red during last session for losing -7.14%, in the last five days GOEV remained trading in the red while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $0.12 price level, adding 29.41% to its value on the day. Canoo Inc’s shares saw a change of -98.02% in year-to-date performance and have moved -33.14% in past 5-day. Canoo Inc (NASDAQ:GOEV) showed a performance of -75.06% in past 30-days. Number of shares sold short was 14.47 million shares which calculate 1.66 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 1.5 to the stock, which implies a rise of 92.0% to its recent value today. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 1.5. It follows that stock’s current price would drop -1150.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1150.0% for stock’s current value.

Canoo Inc (GOEV) estimates and forecasts

Statistics highlight that Canoo Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -93.78% of value to its shares in past 6 months, showing an annual growth rate of 75.54% while that of industry is -9.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 241.99% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.75M for the same. And 3 analysts are in estimates of company making revenue of 3.67M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -482.58% during past 5 years.

Canoo Inc (NASDAQ:GOEV)’s Major holders

Insiders are in possession of 3.73% of company’s total shares while institution are holding 19.74 percent of that, with stock having share float percentage of 20.51%. Investors also watch the number of corporate investors in a company very closely, which is 19.74% institutions for Canoo Inc that are currently holding shares of the company.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 2.3 shares of worth $0.27 million or 2.38% of the total outstanding shares. The later fund manager was in possession of 1.51 shares on Sep 30, 2024, making its stake of worth around $0.18 million in the company or a holder of 1.56% of company’s stock.