Canoo Inc. (NASDAQ:GOEV) went down by -6.79% from its latest closing price compared to the recent 1-year high of $13.35. The company’s stock price has collected -24.00% of loss in the last five trading sessions. Barron’s reported on 03/29/21 that EV Start-Up Canoo Reported Its Numbers. Capital Spending Is the Key.
Is It Worth Investing in Canoo Inc. (NASDAQ :GOEV) Right Now?
Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for Canoo Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $13.50, which is $10.13 above the current price. GOEV currently public float of 174.89M and currently shorts hold a 18.75% ratio of that float. Today, the average trading volume of GOEV was 2.31M shares.
GOEV’s Market Performance
GOEV stocks went down by -24.00% for the week, with a monthly drop of -31.24% and a quarterly performance of -41.21%, while its annual performance rate touched -54.42%. The volatility ratio for the week stands at 11.67% while the volatility levels for the past 30 days are set at 7.59% for Canoo Inc.. The simple moving average for the period of the last 20 days is -29.47% for GOEV stocks with a simple moving average of -52.19% for the last 200 days.
Analysts’ Opinion of GOEV
Many brokerage firms have already submitted their reports for GOEV stocks, with ROTH Capital repeating the rating for GOEV by listing it as a “Buy.” The predicted price for GOEV in the upcoming period, according to ROTH Capital is $14 based on the research report published on December 16th of the previous year 2021.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see GOEV reach a price target of $15. The rating they have provided for GOEV stocks is “Buy” according to the report published on September 07th, 2021.
GOEV Trading at -36.10% 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 -74.79% of loss for the given period.
Volatility was left at 7.59%, however, over the last 30 days, the volatility rate increased by 11.67%, as shares sank -39.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.06% lower at present.
During the last 5 trading sessions, GOEV fell by -37.68%, which changed the moving average for the period of 200-days by -62.18% in comparison to the 20-day moving average, which settled at $4.67. In addition, Canoo Inc. saw -53.24% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at GOEV starting from DD Global Holdings Ltd, who sale 10,500,000 shares at the price of $6.53 back on Mar 15. After this action, DD Global Holdings Ltd now owns 14,125,801 shares of Canoo Inc., valued at $68,565,000 using the latest closing price.
DATTILO THOMAS A, the Director of Canoo Inc., purchase 50,000 shares at $5.20 during a trade that took place back on Mar 04, which means that DATTILO THOMAS A is holding 128,163 shares at $260,000 based on the most recent closing price.
Stock Fundamentals for GOEV
Equity return is now at value -71.50, with -54.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.