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The GOEV Stock Puzzle: Unraveling Canoo Inc’s Fluctuating Performance

Canoo Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $19.50 on 07/19/23 and a low of $1.22 for the same time frame on 03/14/24.

52-week price history of GOEV Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Canoo Inc’s current trading price is -80.15% away from its 52-week high, while its distance from the 52-week low is 217.21%. The stock’s price range during this period has spanned from $1.22 to $19.50. In the Consumer Cyclical sector, the Canoo Inc’s shares surpassed a trading volume of approximately 10.33 million for the day, which was noticeably higher compared to the average daily volume of 9.7.78 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Canoo Inc (GOEV) has experienced a quarterly decline of -36.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 220.36M.

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 4.53, with a change in price of -2.41. Similarly, Canoo Inc recorded 5,514,962 in trading volume during the last 100 days, posting a change of -38.41%.

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

Today, Canoo Inc’s raw stochastic average for the past 50 days stands at 68.23%, indicating a decline from the raw stochastic average of the last 20 days, which was 73.84%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 68.27% and 64.03% respectively.

GOEV Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Until today this year the stock’s price performance recorded a decrease of -34.58%. However, over the last six months, the performance has been stronger by -65.27%. The price of GOEV increased 59.94% over the last 30 days. And in the last five days, it has fallen by -9.58%.

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