Before Investing In Canoo Inc (NASDAQ:GOEV), Here Are Some Things To Consider

The stock of Canoo Inc (NASDAQ:GOEV) last traded at $0.25, up 3.14% from the previous session.

GOEV stock price is now -35.07% away from the 50-day moving average and -57.37% away from the 200-day moving average. The market capitalization of the company currently stands at $181.74M.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


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 1,001 shares of the company’s stock on Nov 07. The stock was sold for $260 at an average price of $0.26. Upon completion of the transaction, the SVP and CAO now directly owns 282,618 shares in the company, valued at $70654.5. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, GENERAL COUNSEL, CORP SECY Ruiz Hector M. sold 2,814 shares of the business’s stock. A total of $1,379 was realized by selling the stock at an average price of $0.49. This leaves the insider owning 285,456 shares of the company worth $71364.0. Insiders disposed of 131,416 shares of company stock worth roughly $32854.0 over the past 1 year. A total of 19.60% of the company’s stock is owned by insiders.

With an opening price of $0.2500 on Monday morning, Canoo Inc (NASDAQ: GOEV) set off the trading day. During the past 12 months, Canoo Inc has had a low of $0.22 and a high of $1.68. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 0.13, and a quick ratio of 0.10. The fifty day moving average price for GOEV is $0.3892 and a two-hundred day moving average price translates $0.5928 for the stock.

The latest earnings results from Canoo Inc (NASDAQ: GOEV) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.19 by 0.05. This compares to -$0.68 EPS in the same period last year. 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. For the current quarter, analysts expect GOEV to generate $610k in revenue.

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.

Related Posts