Canoo Holdings Ltd. (NASDAQ:GOEV) shares, dropped in value on Thursday, Jan 14, with the stock price down by -5.99% to the previous day’s close as weak demand from buyers trailed the stock to $17.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19, falling within a range of $17.37 and $19.40. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $24.9, and the low was $9.21. On the whole, GOEV has fluctuated by -6.31% over the past month.
We see that GOEV’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 1 recommend it as a Buy and no body called the GOEV stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GOEV currently trading nearly 7.45% and 25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.32, while the 7-day volatility ratio is showing 8.81% which for the 30-day chart, stands at 11.8%. Furthermore, Canoo Holdings Ltd. (GOEV)’s beta value is 0, and its average true range (ATR) is 2.11. The company’s stock has been forecasted to trade at an average price of $30 over the course of the next 52 weeks, with a low of $30 and a high of $30. Based on these price targets, the low is 67.97 off current price, whereas the price has to move +67.97% to reach the yearly target high. Additionally, analysts’ median price of $30 is likely to be welcomed by investors because it represents an increase of +67.97% from the current levels.
A comparison of Canoo Holdings Ltd. (GOEV) with its peers suggests the former has fared considerably weaker in the market. GOEV showed an intraday change of -5.99% in today’s session so far, and over the past year, it grew by +88.12%. In comparison, Tesla Inc (TSLA) has moved higher at +0.12% today and is up +694.18% over the past 12 months. On the other hand, the price of General Motors Company (GM) has risen 5.5% today. The stock, however, is off 38.63% from where it was a year ago. Additionally, there is a decline of -599% for Ford Motor Company (F) in recent trading while the stock has seen an overall apprecation of 88.12% over the past year. The PE ratio stands at 0 for Canoo Holdings Ltd., compared to 1691.9 for Tesla Inc, and 21.85 for General Motors Company. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for Canoo Holdings Ltd. (NASDAQ:GOEV) indicates that the trading volumes over the past 10 days have averaged 8.39 Million and over the past 3 months, they’ve averaged 3.84 Million. According to company’s latest data on outstanding shares, there are 235.66 Million shares outstanding.
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