Canoo (GOEV) Scheduled to Post Quarterly Earnings on Wednesday

Canoo (NASDAQ:GOEV) is set to post its quarterly earnings results after the market closes on Wednesday, August 14th. Analysts expect Canoo to post earnings of ($0.89) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Canoo (NASDAQ:GOEV) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($2.20) earnings per share for the quarter, missing the consensus estimate of ($0.97) by ($1.23). During the same quarter last year, the company posted ($3.91) earnings per share. On average, analysts expect Canoo to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Canoo Stock Performance

Shares of GOEV stock opened at $1.55 on Tuesday. Canoo has a 52 week low of $1.22 and a 52 week high of $15.96. The company’s 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.57. The company has a market capitalization of $106.28 million, a P/E ratio of -0.15 and a beta of 1.28.

Insider Activity at Canoo

In other Canoo news, CAO Ramesh Murthy sold 10,948 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $2.33, for a total transaction of $25,508.84. Following the transaction, the chief accounting officer now owns 181,447 shares of the company’s stock, valued at approximately $422,771.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Canoo news, CAO Ramesh Murthy sold 10,948 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $2.33, for a total value of $25,508.84. Following the completion of the sale, the chief accounting officer now owns 181,447 shares in the company, valued at $422,771.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Hector M. Ruiz sold 10,937 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $2.33, for a total transaction of $25,483.21. Following the transaction, the general counsel now owns 181,513 shares in the company, valued at $422,925.29. The disclosure for this sale can be found here. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Canoo in a report on Wednesday, May 22nd. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of Canoo in a report on Wednesday, May 15th. R. F. Lafferty downgraded Canoo from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Roth Mkm cut their target price on Canoo from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.79.

Canoo Company Profile

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.