The stock of Canoo Inc (NASDAQ:GOEV) last traded at $0.25, up 0.44% from the previous session.
GOEV stock price is now -19.93% away from the 50-day moving average and -52.38% away from the 200-day moving average. The market capitalization of the company currently stands at $195.66M.
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 $0.33 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 $70522.75. Insiders disposed of 78,643 shares of company stock worth roughly $19660.75 over the past 1 year. A total of 18.42% of the company’s stock is owned by insiders.
During the past 12 months, Canoo Inc has had a low of $0.22 and a high of $1.47. 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 $0.3109 and a two-hundred day moving average price translates $0.5227 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.
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.
