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. The metric has seen a significant loss of -83.90% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -77.74%. Over the past 30 days, the price of GOEV has leaped by -32.44%. And in the last five days, it has fallen by -7.51%.
Canoo Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $11.65 on 09/26/23, while the lowest value for the same period was recorded at $1.00 on 09/23/24.
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52-week price history of GOEV Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Canoo Inc’s current trading price is -91.82% away from its 52-week high, while its distance from the 52-week low is -4.74%. The stock’s price range during this period has varied between$1.00 and $11.65. The Canoo Inc’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 3.35 million for the day, a figure considerably higher than their average daily volume of 3.31 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canoo Inc (GOEV) has experienced a quarterly decline of -43.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 77.92M and boasts a workforce of 651 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 1.9651, with a change in price of -1.9232. Similarly, Canoo Inc recorded 3,570,609 in trading volume during the last 100 days, posting a change of -66.78%.
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 0.41. Similarly, the long-term debt-to-equity ratio is also 0.17.
GOEV Stock Stochastic Average
Canoo Inc’s raw stochastic average for the past 50 days is presently 1.42%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 3.91%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 4.56% and 6.04%, respectively.
