Canoo Inc. (NASDAQ:GOEV) shares traded 7.85% higher at $0.48 on Wall Street last session.
GOEV stock price is now -14.32% away from the 50-day moving average and -43.33% away from the 200-day moving average. The market capitalization of the company currently stands at $299.16M.
With the price target of $4, Stifel recently initiated with Buy rating for Canoo Inc. (NASDAQ: GOEV).
In other news, MURTHY RAMESH, SVP and CAO sold 992 shares of the company’s stock on Jul 18. The stock was sold for $694 at an average price of $0.70. Upon completion of the transaction, the SVP and CAO now directly owns 283,903 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, GENERAL COUNSEL, CORP SECY Ruiz Hector M. sold 2,490 shares of the business’s stock. A total of $1,370 was realized by selling the stock at an average price of $0.55. This leaves the insider owning 284,962 shares of the company worth $0.14 million. Insiders disposed of 107,838 shares of company stock worth roughly $51762.24 over the past 1 year. A total of 3.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GOEV stock. A new stake in Canoo Inc. shares was purchased by INFINI CAPITAL MANAGEMENT LTD during the first quarter worth $7,968,000. MILLENNIUM MANAGEMENT LLC invested $1,924,000 in shares of GOEV during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Canoo Inc. valued at approximately $1,909,000. AXA S.A. acquired a new stake in GOEV for approximately $457,000. HRT FINANCIAL LP purchased a new stake in GOEV valued at around $435,000 in the second quarter. In total, there are 204 active investors with 29.90% ownership of the company’s stock.
Canoo Inc. (NASDAQ: GOEV) opened at $0.4390 on Monday. During the past 12 months, Canoo Inc. has had a low of $0.41 and a high of $3.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.20, and a quick ratio of 0.10. The fifty day moving average price for GOEV is $0.5562 and a two-hundred day moving average price translates $0.8408 for the stock.
The latest earnings results from Canoo Inc. (NASDAQ: GOEV) was released for Jun, 2023. The company reported revenue of $73.56 million for the quarter, compared to $173.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -57.6 percent.
Canoo Inc.(GOEV) Company Profile
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an EV. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.
