Canoo Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $7.08 on 01/08/24, while the lowest value for the same period was recorded at $0.33 on 12/06/24.
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 -95.67% away from its 52-week high, while its distance from the 52-week low is -7.06%. The stock’s price range during this period has spanned from $0.33 to $7.08. In the Consumer Cyclical sector, the Canoo Inc’s shares surpassed a trading volume of approximately 12.6 million for the day, which was noticeably higher compared to the average daily volume of 9.5.44 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 -76.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.93M and boasts a workforce of 651 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 1.1157, with a change in price of -2.3332. Similarly, Canoo Inc recorded 4,584,515 in trading volume during the last 100 days, posting a change of -88.38%.
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 0.34. Similarly, the long-term debt-to-equity ratio is also 0.15.
GOEV Stock Stochastic Average
Today, Canoo Inc’s raw stochastic average for the past 50 days stands at 1.15%, indicating a decline from the raw stochastic average of the last 20 days, which was 1.95%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 3.01% and 4.13% respectively.
GOEV Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -94.81% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -84.96%. Over the past 30 days, the price of GOEV has leaped by -22.88%. And in the last five days, it has fallen by -19.87%.
