Canoo Inc [NASDAQ: GOEV] stock went on a downward path that fall over -5.22% on Wednesday, amounting to a one-week price decrease of less than -9.93%.
Over the last 12 months, GOEV stock dropped by -98.90%. The one-year Canoo Inc stock forecast points to a potential upside of 97.14. The average equity rating for GOEV stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $18.40 million, with 14.49 million shares outstanding and 13.51 million shares in the current float. Compared to the average trading volume of 2.34M shares, GOEV stock reached a trading volume of 6077831 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $44.40 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 2.20. 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.
Stifel have made an estimate for Canoo Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 31, 2024. The new note on the price target was released on May 15, 2024, representing the official price target for Canoo Inc stock. Previously, the target price had yet another raise to $5, while The Benchmark Company analysts kept a Buy rating on GOEV stock.
The Average True Range (ATR) for Canoo Inc is set at 0.65, with the Price to Sales ratio for GOEV stock in the period of the last 12 months amounting to 9.89. The Price to Book ratio for the last quarter was 0.03, with the Price to Cash per share for the same quarter was set at 0.38.
GOEV Stock Performance Analysis:
Canoo Inc [GOEV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.93. With this latest performance, GOEV shares dropped by -79.30% in over the last four-week period, additionally sinking by -97.40% over the last 6 months – not to mention a drop of -98.90% 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 23.57, with the RSI for the last a single of trading hit 22.06, and the three-weeks RSI is set at 25.77 for Canoo Inc [GOEV]. The present Moving Average for the last 50 days of trading for this stock 6.7787, while it was recorded at 1.3120 for the last single week of trading, and 31.1213 for the last 200 days.
Insight into Canoo Inc Fundamentals:
Canoo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.09 and a Current Ratio set at 0.14.
Canoo Inc [GOEV] Institutonal Ownership Details
There are presently around $7.08%, or 7.18%% of GOEV stock, in the hands of institutional investors.
