The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Canoo Inc’s current trading price is -98.14% away from its 52-week high, while its distance from the 52-week low is 11.86%. The stock’s price range for this period has been between $0.12 and $7.08 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 101.39 million for the day, a number notably higher than the average daily volume of 23.99 million over the last three months.
Canoo Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $7.08 on 01/08/24 and a low of $0.12 for the same time frame on 12/11/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canoo Inc (GOEV) has experienced a quarterly decline of -87.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.64M and boasts a workforce of 651 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0156, with a change in price of -1.7980. Similarly, Canoo Inc recorded 17,393,371 in trading volume during the last 100 days, posting a change of -93.16%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its 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
Canoo Inc’s raw stochastic average for the past 50 days is presently 1.49%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 3.17%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 5.43% and 5.79%, respectively.
GOEV Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -97.77%. However, over the past six months, we’ve seen a stronger performance of -92.67%. The price of GOEV leaped by -78.85% over the last 30 days. And in the last five days, it has fallen by -56.98%.
