The stock of Canoo Inc (GOEV) has gone up by 17.39% for the week, with a -38.75% drop in the past month and a -93.19% drop in the past quarter. The volatility ratio for the week is 22.41%, and the volatility levels for the past 30 days are 21.13% for GOEV. The simple moving average for the past 20 days is -9.36% for GOEV’s stock, with a -95.35% simple moving average for the past 200 days.
Is It Worth Investing in Canoo Inc (NASDAQ: GOEV) Right Now?
Moreover, the 36-month beta value for GOEV is 1.31. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for GOEV is 14.16M and currently, short sellers hold a 7.37% of that float. On January 20, 2025, GOEV’s average trading volume was 2.75M shares.
GOEV) stock’s latest price update
The stock of Canoo Inc (NASDAQ: GOEV) has decreased by -10.60 when compared to last closing price of 1.51.Despite this, the company has seen a gain of 17.39% in its stock price over the last five trading days. reuters.com reported 2025-01-17 that Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately.
Analysts’ Opinion of GOEV
The Benchmark Company gave a rating of “Buy” to GOEV, setting the target price at $5 in the report published on April 17th of the previous year.
GOEV Trading at -74.12% 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 -98.68% of loss for the given period.
Volatility was left at 21.13%, however, over the last 30 days, the volatility rate increased by 22.41%, as shares sank -42.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -82.65% lower at present.
During the last 5 trading sessions, GOEV rose by +17.39%, which changed the moving average for the period of 200-days by -97.59% in comparison to the 20-day moving average, which settled at $1.4894. In addition, Canoo Inc saw -4.26% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GOEV starting from Ruiz Hector M., who sale 3,348 shares at the price of $1.05 back on Sep 17 ’24. After this action, Ruiz Hector M. now owns 178,165 shares of Canoo Inc, valued at $3,515 using the latest closing price.
Ethridge Greg, the Chief Financial Officer of Canoo Inc, sale 4,849 shares at $1.05 during a trade that took place back on Sep 17 ’24, which means that Ethridge Greg is holding 206,319 shares at $5,091 based on the most recent closing price.
Stock Fundamentals for GOEV
Current profitability levels for the company are sitting at:
- -122.91 for the present operating margin
- -6.22 for the gross margin
The net margin for Canoo Inc stands at -75.6. The total capital return value is set at -0.71. Equity return is now at value -72.67, with -26.63 for asset returns.
Based on Canoo Inc (GOEV), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -2.24. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -21.22.
Currently, EBITDA for the company is -282.64 million with net debt to EBITDA at -0.63. When we switch over and look at the enterprise to sales, we see a ratio of 50.36. The receivables turnover for the company is 2.37for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
To wrap up, the performance of Canoo Inc (GOEV) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
