Canoo Inc. (NASDAQ:GOEV) went up by 21.83% from its latest closing price compared to the recent 1-year high of $24.90. The company’s stock price has collected 32.36% of gains in the last five trading sessions. MarketWatch.com reported on 09/20/21 that If there were a ‘Big Three’ of electric vehicle makers, who would join Tesla?
Is It Worth Investing in Canoo Inc. (NASDAQ :GOEV) Right Now?
Opinions of the stock are interesting as 2 analysts out of 4 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 $11.50, which is $2.71 above the current price. GOEV currently public float of 99.24M and currently shorts hold a 33.04% ratio of that float. Today, the average trading volume of GOEV was 2.88M shares.
GOEV’s Market Performance
GOEV stocks went up by 32.36% for the week, with a monthly jump of 20.53% and a quarterly performance of -6.51%, while its annual performance rate touched -17.52%. The volatility ratio for the week stands at 11.40% while the volatility levels for the past 30 days are set at 7.35% for Canoo Inc.. The simple moving average for the period of the last 20 days is 26.46% for GOEV stocks with a simple moving average of -18.87% for the last 200 days.
Analysts’ Opinion of GOEV
Many brokerage firms have already submitted their reports for GOEV stocks, with H.C. Wainwright repeating the rating for GOEV by listing it as a “Buy.” The predicted price for GOEV in the upcoming period, according to H.C. Wainwright is $15 based on the research report published on September 07th of the current year 2021.
GOEV Trading at 20.46% 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 -63.69% of loss for the given period.
Volatility was left at 7.35%, however, over the last 30 days, the volatility rate increased by 11.40%, as shares surge +18.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.49% upper at present.
During the last 5 trading sessions, GOEV rose by +32.36%, which changed the moving average for the period of 200-days by -49.58% in comparison to the 20-day moving average, which settled at $7.22. In addition, Canoo Inc. saw -34.49% 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 -43.90, with -35.10 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.