Canoo Inc (NASDAQ:GOEV) price closed higher on Monday, April 15, jumping 3.33% above its previous close.
A look at the daily price movement shows that the last close reads $2.40. The company’s 5Y monthly beta was ticking 1.24. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.50 and 52-week low of $1.22. The stock added 89.31% on its value in the past month.
Canoo Inc, which has a market valuation of $159.71 million, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GOEV a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that GOEV’s price is at present -16.64% off the SMA20 and -13.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.15, with weekly volatility standing at 11.31%. The indicator jumps to 22.89% when calculated based on the past 30 days. Canoo Inc (NASDAQ:GOEV)’s beta value is holding at 1.29, while the average true range (ATR) indicator is currently reading 0.49.
An analysis of the Canoo Inc (NASDAQ:GOEV) stock in terms of its daily trading volume indicates that the 3-month average is 8.32 million.
Current records show that the company has 64.40M in outstanding shares. The insiders’ percentage holdings are 9.64% of outstanding shares while the percentage share held by institutions stands at 5.82%. But the -58.08% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
