In yesterday’s Wall Street session, Canoo Inc (NASDAQ:GOEV) shares traded at $4.20, down -1.87% from the previous session.
GOEV stock price is now 30.28% away from the 50-day moving average and -48.31% away from the 200-day moving average. The market capitalization of the company currently stands at $239.15M.
With the price target of $4, Wedbush recently initiated with Outperform rating for Canoo Inc (NASDAQ: GOEV). On September 16, 2022, Stifel recently initiated its ‘Buy’ rating on the stock quoting a target price of $4, while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, Ruiz Hector M., GENERAL COUNSEL, CORP SECY sold 745 shares of the company’s stock on Feb 07 ’24. The stock was sold for $119 at an average price of $0.16. Upon completion of the transaction, the GENERAL COUNSEL, CORP SECY now directly owns 283,355 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 24 ’24, SVP and CAO MURTHY RAMESH sold 1,217 shares of the business’s stock. A total of $219 was realized by selling the stock at an average price of $0.18. This leaves the insider owning 283,669 shares of the company worth $1.19 million. A total of 11.33% of the company’s stock is owned by insiders.
During the past 12 months, Canoo Inc has had a low of $1.22 and a high of $19.50. 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 $3.2238 and a two-hundred day moving average price translates $8.1258 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 -$4.14, missing analysts’ expectations of -$2.77 by -1.37. This compares to -$9.82 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 $700k in revenue.
