Canoo Inc (NASDAQ: GOEV) Could Achieve Gains In The Near Future

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

GOEV belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Auto Manufacturers industry. The current market capitalization of Canoo Inc is $121.51M. A total of 1.94 million shares were traded on the day, compared to an average of 3.67M shares.

In the most recent transaction, Ruiz Hector M. sold 10,937 shares of GOEV for 2.33 per share on Jul 03 ’24. After the transaction, the GENERAL COUNSEL, CORP SECY now owns 181,513 company shares. In a previous transaction on Jul 03 ’24, MURTHY RAMESH sold 10,948 shares at 2.33 per share. GOEV shares that SVP and CAO owns now total 181,447.

Among the insiders who sold shares, Ruiz Hector M. disposed of 745 shares on Feb 07 ’24 at a per-share price of $0.16. This resulted in the GENERAL COUNSEL, CORP SECY holding 283,355 shares of GOEV after the transaction. In another insider transaction, MURTHY RAMESH sold 1,217 shares at $0.18 per share on Jan 24 ’24. Company shares held by the SVP and CAO now total 283,669.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GOEV has a high of $15.59 and a low of $1.22.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GOEV’s latest balance sheet shows that the firm has $224.72M in Cash & Short Term Investments as of fiscal 2021. There were $13.83M in debt and $136.19M in liabilities at the time. Its Book Value Per Share was $2.59, while its Total Shareholder’s Equity was $344.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GOEV is Buy with a score of 4.33.

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