Canoo Inc [GOEV] stock is trading at $2.01, down -2.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOEV shares have gain 4.15% over the last week, with a monthly amount drifted -0.50%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Canoo Inc [NASDAQ: GOEV] stock has seen the most recent analyst activity on May 15, 2024, when R. F. Lafferty downgraded its rating to a Hold. Previously, The Benchmark Company started tracking the stock with Buy rating on April 17, 2024, and set its price target to $5. On January 05, 2024, Wedbush initiated with a Outperform rating and assigned a price target of $4 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $4 on September 16, 2022. ROTH Capital upgraded its rating to a Buy and raised its price target to $14 on December 16, 2021. H.C. Wainwright started tracking with a Buy rating for this stock on September 07, 2021, and assigned it a price target of $15. In a note dated April 20, 2021, BofA Securities initiated an Underperform rating.
Canoo Inc [GOEV] stock has fluctuated between $1.22 and $15.96 over the past year. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Canoo Inc [NASDAQ: GOEV] shares were valued at $2.01 at the most recent close of the market. An investor can expect a potential return of 86.57% based on the average GOEV price forecast.
Analyzing the GOEV fundamentals
Gross Profit Margin for this corporation currently stands at -15.22% with Operating Profit Margin at -280.97%, Pretax Profit Margin comes in at -363.4%, and Net Profit Margin reading is -363.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.59, Equity is -1.55 and Total Capital is -0.72. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.96 points at the first support level, and at 1.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.10, and for the 2nd resistance point, it is at 2.19.
Ratios To Look Out For
For context, Canoo Inc’s Current Ratio is 0.16. On the other hand, the Quick Ratio is 0.13, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 166.88, the price to book ratio is 0.75.
Transactions by insiders
Recent insider trading involved MURTHY RAMESH, SVP and CAO, that happened on Jul 03 ’24 when 10948.0 shares were sold. GENERAL COUNSEL, CORP SECY, Ruiz Hector M. completed a deal on Jul 03 ’24 to sell 10937.0 shares. Meanwhile, GENERAL COUNSEL, CORP SECY Ruiz Hector M. sold 745.0 shares on Feb 07 ’24.
