Canoo (NYSE:GOEV) Sets New 12-Month Low at $2.54

Canoo Inc. (NYSE:GOEV – Get Rating)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.54 and last traded at $2.59, with a volume of 40571 shares traded. The stock had previously closed at $2.76.

The firm has a market capitalization of $779.69 million, a PE ratio of -1.39 and a beta of 0.25. The company’s 50-day moving average price is $4.00 and its 200-day moving average price is $5.86.

Canoo (NYSE:GOEV – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.04). During the same period last year, the firm earned ($0.07) EPS. Research analysts expect that Canoo Inc. will post -2.14 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Canoo by 2.2% during the fourth quarter. Alliancebernstein L.P. now owns 98,602 shares of the company’s stock worth $761,000 after acquiring an additional 2,102 shares during the period. California State Teachers Retirement System increased its stake in shares of Canoo by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 147,741 shares of the company’s stock worth $1,141,000 after acquiring an additional 2,459 shares during the period. Kalos Management Inc. increased its stake in shares of Canoo by 4.0% during the fourth quarter. Kalos Management Inc. now owns 77,740 shares of the company’s stock worth $653,000 after acquiring an additional 2,990 shares during the period. ETF Managers Group LLC grew its position in Canoo by 5.0% during the fourth quarter. ETF Managers Group LLC now owns 75,675 shares of the company’s stock worth $613,000 after buying an additional 3,603 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Canoo by 21.4% during the fourth quarter. Teacher Retirement System of Texas now owns 20,891 shares of the company’s stock worth $161,000 after buying an additional 3,686 shares during the period. Institutional investors and hedge funds own 63.43% of the company’s stock.

Canoo Company Profile (NYSE:GOEV)

Canoo Inc, a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles.

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