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The clock is ticking: Canoo Inc. (GOEV)

At the end of the latest market close, Canoo Inc. (GOEV) was valued at $0.59. In that particular session, Stock kicked-off at the price of $0.546 while reaching the peak value of $0.5999 and lowest value recorded on the day was $0.546. The stock current value is $0.58.Recently in News on March 16, 2023, Canoo to Announce Fourth Quarter and Fiscal Year 2022 Financial Results. Canoo (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter and full year ended December 31, 2022 after market close on Thursday, March 30, 2023. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. You can read further details here

Canoo Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.2500 on 04/04/22, with the lowest value was $0.5421 for the same time period, recorded on 03/15/23.

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Canoo Inc. (GOEV) full year performance was -89.88%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Canoo Inc. shares are logging -90.68% during the 52-week period from high price, and 7.51% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.54 and $6.25.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 10746676 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Canoo Inc. (GOEV) recorded performance in the market was -52.62%, having the revenues showcasing -51.83% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 260.73M, as it employees total of 805 workers.

Market experts do have their say about Canoo Inc. (GOEV)

During the last month, 0 analysts gave the Canoo Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1250, with a change in the price was noted -0.80. In a similar fashion, Canoo Inc. posted a movement of -57.99% for the period of last 100 days, recording 16,272,887 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GOEV is recording 0.05 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical breakdown of Canoo Inc. (GOEV)

Raw Stochastic average of Canoo Inc. in the period of last 50 days is set at 4.29%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 10.82%. In the last 20 days, the company’s Stochastic %K was 9.65% and its Stochastic %D was recorded 8.69%.

Bearing in mind the latest performance of Canoo Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -52.62%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -79.19%, alongside a downfall of -89.88% for the period of the last 12 months. The shares increased approximately by 0.09% in the 7-day charts and went up by -38.28% in the period of the last 30 days. Common stock shares were lifted by -51.83% during last recorded quarter.

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