Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Canoo Inc’s current trading price is -87.69% away from its 52-week high, while its distance from the 52-week low is 96.72%. The stock’s price range during this period has varied between $1.22 and $19.50. The company, active in the Consumer Cyclical sector, saw a trading volume of around 5.05 million for the day, considerably lower average daily volume of 8.35 million observed over the last three months.
Canoo Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $19.50 on 07/19/23, and the lowest price during the same period was recorded at $1.22 on 03/14/24.
How Financial Performance Impacts Market Capitalization
Canoo Inc (GOEV) has experienced a quarterly decline of -56.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 154.56M and boasts a workforce of 651 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.37, with a change in price of -3.26. Similarly, Canoo Inc recorded 5,826,869 in trading volume during the last 100 days, posting a change of -57.78%.
How GOEV’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GOEV stands at 0.36. Similarly, the long-term debt-to-equity ratio is also 0.14.
GOEV Stock Stochastic Average
As of today, the raw stochastic average of Canoo Inc over the past 50 days is 29.85%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 32.30%. Additionally, the Stochastic %K and %D values for the company were 28.69% and 31.33%, respectively, over the past 20 days.
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. Year to date metric has recorded a loss of -59.43%.However, over the last six months, we can see a stronger performance of -76.50%. Over the last 30 days, the price of GOEV has fallen by 5.40%. And in the last five days, it has fallen by -37.98%.
