In yesterday’s Wall Street session, Canoo Inc (NASDAQ:GOEV) shares traded at $0.24, down -21.77% from the previous session.
GOEV stock price is now -64.93% away from the 50-day moving average and -86.59% away from the 200-day moving average. The market capitalization of the company currently stands at $21.07M.
On April 17, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Ruiz Hector M., GENERAL COUNSEL, CORP SECY sold 3,348 shares of the company’s stock on Sep 17 ’24. The stock was sold for $3,515 at an average price of $1.05. Upon completion of the transaction, the GENERAL COUNSEL, CORP SECY now directly owns 178,165 shares in the company, valued at $42759.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Chief Financial Officer Ethridge Greg sold 4,849 shares of the business’s stock. A total of $5,091 was realized by selling the stock at an average price of $1.05. This leaves the insider owning 206,319 shares of the company worth $49516.56. A total of 8.73% of the company’s stock is owned by insiders.
During the past 12 months, Canoo Inc has had a low of $0.30 and a high of $7.08. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 0.14, and a quick ratio of 0.09. The fifty day moving average price for GOEV is $0.70096 and a two-hundred day moving average price translates $1.801435 for the stock.
The latest earnings results from Canoo Inc (NASDAQ: GOEV) was released for 2024-09-30. The net profit margin was -7762.10% and return on equity was -72.67% for GOEV. The company reported revenue of $0.89 million for the quarter, compared to $0.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.68 percent.
