Stocks of Canoo Inc (NASDAQ:GOEV) traded higher last session on Wall Street, down -6.90% to $0.27.
According to the data, Canoo Inc (NASDAQ:GOEV) has 5 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $0.30, we find $1.50. Given the previous closing price of $0.29, this indicates a potential upside of 417.24 percent. GOEV stock price is now -18.68% away from the 50-day moving average and -49.76% away from the 200-day moving average. The market capitalization of the company currently stands at $196.10M.
A total of 1 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $1.61 as their price target over the next twelve months.
With the price target of $4, Stifel recently initiated with Buy rating for Canoo Inc (NASDAQ: GOEV).
In other news, Sheeran Josette, President sold 22,484 shares of the company’s stock on Nov 20. The stock was sold for $7,195 at an average price of $0.32. Upon completion of the transaction, the President now directly owns 1,313,975 shares in the company, valued at $0.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20, SVP and CAO MURTHY RAMESH sold 527 shares of the business’s stock. A total of $169 was realized by selling the stock at an average price of $0.32. This leaves the insider owning 282,091 shares of the company worth $76164.57. Insiders disposed of 78,643 shares of company stock worth roughly $21233.61 over the past 1 year. A total of 18.42% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $0.3000 for Canoo Inc (NASDAQ: GOEV). During the past 12 months, Canoo Inc has had a low of $0.22 and a high of $1.48. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 0.17, and a quick ratio of 0.14. The fifty day moving average price for GOEV is $0.3320 and a two-hundred day moving average price translates $0.5374 for the stock.
The latest earnings results from Canoo Inc (NASDAQ: GOEV) was released for Sep, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.12 by 0.06. This compares to -$0.43 EPS in the same period last year. The net profit margin was -68170.71% and return on equity was -179.81% for GOEV. For the current quarter, analysts expect GOEV to generate $830k in revenue.
