The stock of Canoo Inc (NASDAQ:GOEV) last traded at $2.90, down -8.52% from the previous session.
GOEV stock price is now 5.87% away from the 50-day moving average and -59.41% away from the 200-day moving average. The market capitalization of the company currently stands at $186.96M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $5, The Benchmark Company recently initiated with Buy rating for Canoo Inc (NASDAQ: GOEV). On January 05, 2024, Wedbush recently initiated its ‘Outperform’ rating on the stock quoting a target price of $4, while ‘Stifel’ rates the stock as ‘Buy’
In other news, Ruiz Hector M., GENERAL COUNSEL, CORP SECY sold 745 shares of the company’s stock on Feb 07 ’24. The stock was sold for $119 at an average price of $0.16. Upon completion of the transaction, the GENERAL COUNSEL, CORP SECY now directly owns 283,355 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 24 ’24, SVP and CAO MURTHY RAMESH sold 1,217 shares of the business’s stock. A total of $219 was realized by selling the stock at an average price of $0.18. This leaves the insider owning 283,669 shares of the company worth $0.82 million. A total of 12.18% of the company’s stock is owned by insiders.
During the past 12 months, Canoo Inc has had a low of $1.22 and a high of $19.50. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 0.18, and a quick ratio of 0.14.
According to the Auto Manufacturers Company, earnings per share came in at -5.06, missing analysts’ expectations of -4.37 by -0.69. This compares to $35.92 EPS in the same period last year. The net profit margin was -34155.87% and return on equity was -124.25% for GOEV. For the current quarter, analysts expect GOEV to generate $1.42M in revenue.
