Canoo Inc. (NASDAQ:GOEV) went down by -4.76% from its latest closing price compared to the recent 1-year high of $24.90. The company’s stock price has collected -6.35% of loss in the last five trading sessions. Press Release reported 12 hours ago that SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Canoo Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 1, 2021 – GOEV
Is It Worth Investing in Canoo Inc. (NASDAQ :GOEV) Right Now?
Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Canoo Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $12.00, which is $3.6 above the current price. GOEV currently public float of 96.45M and currently shorts hold a 30.92% ratio of that float. Today, the average trading volume of GOEV was 5.80M shares.
GOEV’s Market Performance
GOEV stocks went down by -6.35% for the week, with a monthly drop of -6.56% and a quarterly performance of -45.81%, while its annual performance rate touched -17.00%. The volatility ratio for the week stands at 6.57% while the volatility levels for the past 30 days are set at 8.70% for Canoo Inc.. The simple moving average for the period of the last 20 days is -5.77% for GOEV stocks with a simple moving average of -33.43% for the last 200 days.
Analysts’ Opinion of GOEV
R. F. Lafferty gave a rating of “Buy” to GOEV, setting the target price at $23 in the report published on March 11th of the current year.
GOEV Trading at -27.14% from the 50-Day Moving Average
After a stumble in the market that brought GOEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.27% of loss for the given period.
Volatility was left at 8.70%, however, over the last 30 days, the volatility rate increased by 6.57%, as shares sank -0.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.13% lower at present.
During the last 5 trading sessions, GOEV fell by -6.35%, which changed the moving average for the period of 200-days by -23.50% in comparison to the 20-day moving average, which settled at $8.91. In addition, Canoo Inc. saw -39.13% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GOEV
Current profitability levels for the company are sitting at:
- -7832.08 for the present operating margin
- -205.69 for the gross margin
The net margin for Canoo Inc. stands at -3522.27. The total capital return value is set at -44.95, while invested capital returns managed to touch -20.23. Equity return is now at value -24.70, with -21.40 for asset returns.
Based on Canoo Inc. (GOEV), the company’s capital structure generated 3.61 points at debt to equity in total, while total debt to capital is 3.49. Total debt to assets is 2.74, with long-term debt to equity ratio resting at 3.53. Finally, the long-term debt to capital ratio is 3.41.
When we switch over and look at the enterprise to sales, we see a ratio of 329.98, with the company’s debt to enterprise value settled at 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 25.44.