At the time of writing, Canoo Inc [GOEV] stock is trading at $1.35, down -10.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GOEV shares have gain 17.39% over the last week, with a monthly amount drifted -38.75%, 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 December 31, 2024, when Stifel downgraded its rating to a Hold. Previously, R. F. Lafferty downgraded its rating to Hold on May 15, 2024. On April 17, 2024, The Benchmark Company initiated with a Buy rating and assigned a price target of $5 on the stock. Wedbush started tracking the stock assigning a Outperform rating and suggested a price target of $4 on January 05, 2024. Stifel initiated its recommendation with a Buy and recommended $4 as its price target on September 16, 2022. ROTH Capital upgraded its rating to Buy for this stock on December 16, 2021, and upped its price target to $14. In a note dated September 07, 2021, H.C. Wainwright initiated an Buy rating and provided a target price of $15 on this stock.
For the past year, the stock price of Canoo Inc fluctuated between $1.04 and $102.07. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Canoo Inc [NASDAQ: GOEV] shares were valued at $1.35 at the most recent close of the market. An investor can expect a potential return of 11.11% 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 of0.34.
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 1.2667 points at the first support level, and at 1.1833 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4967, and for the 2nd resistance point, it is at 1.6433.
Ratios To Look Out For
It is important to note that Canoo Inc [NASDAQ:GOEV] has a current ratio of 0.14. Also, the Quick Ratio is 0.09, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 10.52, the price to book ratio is 0.03.
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.
