Charting the Course: Canoo Inc’s GOEV Stock Prospects

The present stock price for Canoo Inc (GOEV) is $0.30. In the last trading session, the stock made a considerable jump, reaching $0.3027 after an opening price of $0.2682. The stock briefly fell to $0.2657 before ending the session at $0.26.

Canoo Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $1.49 on 12/01/22, while the lowest price for the same period was registered at $0.22 on 11/09/23.

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52-week price history of GOEV Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Canoo Inc’s current trading price is -79.70% away from its 52-week high, while its distance from the 52-week low is 36.98%. The stock’s price range during the 52-week period has remained between $0.22 and $1.49. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 39.29 million for the day, which was evidently higher than the average daily volume of 23.6 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Canoo Inc (GOEV) has experienced a quarterly decline of -36.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 218.98M and boasts a workforce of 812 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4627, with a change in price of -0.1328. Similarly, Canoo Inc recorded 30,623,186 in trading volume during the last 100 days, posting a change of -30.58%.

Examining GOEV’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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

As of today, Canoo Inc’s raw stochastic average for the last 50 days stands at 23.46%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 76.22%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 54.09% and 44.98%, respectively.

GOEV Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -75.49% this year. Over the last six months, there has been a stronger performance of -55.01%. The price of GOEV fallen by 7.68% during the last 30 days period. For the last 5-days stocks have improved 23.06%.

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