Canoo Inc [NASDAQ: GOEV] closed the trading session at $1.23.
The stocks have a year to date performance of -79.21 percent and weekly performance of -21.15 percent. The stock has been moved at -31.48 percent over the last six months. The stock has performed -30.90 percent around the most recent 30 days and changed -39.71 percent over the most recent 3-months.
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If compared to the average trading volume of 3.64M shares, GOEV reached to a volume of 6007202 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Canoo Inc [GOEV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOEV shares is $5.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOEV stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
R. F. Lafferty have made an estimate for Canoo Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on April 17, 2024, representing the official price target for Canoo Inc stock. Previously, the target price had yet another raise to $4, while Wedbush analysts kept a Outperform rating on GOEV stock.
The Average True Range (ATR) for Canoo Inc is set at 0.13, with the Price to Sales ratio for GOEV stock in the period of the last 12 months amounting to 64.37. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 0.11.
GOEV stock trade performance evaluation
Canoo Inc [GOEV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.15. With this latest performance, GOEV shares dropped by -30.90% in over the last four-week period, additionally sinking by -31.48% over the last 6 months – not to mention a drop of -89.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOEV stock in for the last two-week period is set at 30.95, with the RSI for the last a single of trading hit 25.49, and the three-weeks RSI is set at 34.78 for Canoo Inc [GOEV]. The present Moving Average for the last 50 days of trading for this stock 1.8524, while it was recorded at 1.4000 for the last single week of trading, and 3.1035 for the last 200 days.
Canoo Inc [GOEV]: An insightful look at the core fundamentals
Canoo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.12 and a Current Ratio set at 0.17.
Earnings per share (EPS) analysis for Canoo Inc [GOEV] stock
With the latest financial reports released by the company, Canoo Inc posted -4.14/share EPS, while the average EPS was predicted by analysts to be reported at -2.77/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.37. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOEV.
Canoo Inc [GOEV]: Institutional Ownership
There are presently around $25.32%, or 26.91%% of GOEV stock, in the hands of institutional investors.
