Value Investing Philosophy And Canoo Inc. (NASDAQ: GOEV)?

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. After-hours trades for Canoo Inc. (GOEV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -5.00%, to $2.28. Volume reached 25,603 shares, with price reaching a high of $2.28 and a low of $2.23. Recently, Yahoo Finance discussed the stock, revealing that Canoo Vehicles for Walmart Complete Advanced Deliveries to Refine and Finalize Vehicle Custom Configuration.

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Stocks Info

GOEV belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Auto Manufacturers industry. At the end of the last regular session, the stock closed at $2.25 and fluctuated between $2.4100 as its day high and $2.1500 as its day low. The current market capitalization of Canoo Inc. is $687.49M. A total of 5.93 million shares were traded on the day, compared to an average of 13.83M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GOEV has seen 7 BUY and 9 SELL insider trades, representing the acquisition of 385,672 and the disposition of 4,549,741 shares. Over the last 12 months, there were 17 BUYs and 16 SELLs from insiders. Insiders purchased 49,639,571 shares during that period but sold 62,351,185.

In the most recent transaction, Ruiz Hector M. sold 910 shares of GOEV for 2.71 per share on Sep 16. After the transaction, the GENERAL COUNSEL, CORP SECY now owns 272,836 company shares. In a previous transaction on Sep 16, MURTHY RAMESH sold 169 shares at 2.71 per share. GOEV shares that SVP, ICFO and CAO owns now total 276,621.

Among the insiders who bought shares, Aquila Tony acquired of 200,000 shares on Sep 13 at a per-share price of $2.58. This resulted in the Executive Chairman and CEO holding 2,738,828 shares of GOEV after the transaction. In another insider transaction, MURTHY RAMESH sold 511 shares at $3.90 per share on Aug 17. Company shares held by the SVP, ICFO and CAO now total 276,790.

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. According to analysts who have offered 12-month price targets for GOEV in the last 3 months, the mean price target is $8.13 with high estimates of $15.00 and low estimates of $3.50. In terms of 52-week highs and lows, GOEV has a high of $13.35 and a low of $1.75.

As of this writing, GOEV has an earnings estimate of $-0.48 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $-0.32 per share and a lower estimate of $-0.58. The company reported an EPS of $-0.68 in the last quarter, which was -28.3% lower than expectations of $-0.53.

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.

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, 4 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. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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