Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant loss of -79.11% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -60.16%. Over the past 30 days, the price of GOEV has leaped by -17.79%. And in the last five days, it has surged by 13.47%.
The stock of Canoo Inc (GOEV) is currently priced at $0.26. In the last session, the stock climbed significantly, topping out at $0.3269 after opening at $0.2921. The day’s lowest price was $0.2701 before the stock closed at $0.27.
Canoo Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $1.49 on 12/01/22, while the lowest price for the same duration was marked at $0.22 on 11/09/23.
52-week price history of GOEV Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Canoo Inc’s current trading price is -82.70% away from its 52-week high, while its distance from the 52-week low is 16.72%. The stock’s price range during this time has been between $0.22 and $1.49. The trading volume for the Consumer Cyclical sector company’s shares reached about 13.81 million for the day, which was lower than the average daily volume of 23.65 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canoo Inc (GOEV) has experienced a quarterly decline of -41.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 184.76M and boasts a workforce of 812 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4640, with a change in price of -0.1681. Similarly, Canoo Inc recorded 30,216,691 in trading volume during the last 100 days, posting a change of -39.60%.
GOEV’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GOEV stands at 0.86. Similarly, the long-term debt-to-equity ratio is also 0.64.
GOEV Stock Stochastic Average
Today, Canoo Inc’s raw stochastic average for the past 50 days stands at 10.46%, indicating a decline from the raw stochastic average of the last 20 days, which was 33.99%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 41.29% and 36.13% respectively.