At the time of writing, Canoo Inc [GOEV] stock is trading at $0.13, up 7.33%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GOEV shares have lost -3.08% over the last week, with a monthly amount drifted -74.08%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Canoo Inc fluctuated between $0.11 and $7.08. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Canoo Inc [NASDAQ: GOEV] shares were valued at $0.13 at the most recent close of the market. An investor can expect a potential return of 1053.85% based on the average GOEV price forecast.
Analyzing the GOEV fundamentals
According to Canoo Inc [NASDAQ:GOEV], the company’s sales were 1.86M for trailing twelve months, which represents an 71.68% jump. Gross Profit Margin for this corporation currently stands at -6.22% with Operating Profit Margin at -122.91%, Pretax Profit Margin comes in at -75.6%, and Net Profit Margin reading is -75.6%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.66 and Total Capital is -0.71. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 0.1140 points at the first support level, and at 0.1021 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1386, and for the 2nd resistance point, it is at 0.1513.
Ratios To Look Out For
It is important to note that Canoo Inc [NASDAQ:GOEV] has a current ratio of 0.14. Further, the Quick Ratio stands at 0.09, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 6.55, the price to book ratio is 0.05.
Transactions by insiders
Recent insider trading involved Ruiz Hector M., GENERAL COUNSEL, CORP SECY, that happened on Sep 17 ’24 when 3348.0 shares were sold. Chief Financial Officer, Ethridge Greg completed a deal on Sep 17 ’24 to sell 4849.0 shares. Meanwhile, SVP and CAO MURTHY RAMESH sold 3348.0 shares on Sep 17 ’24.
