Canoo Inc. (NYSE:GOEV – Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders acquired 22,870 call options on the company. This represents an increase of 141% compared to the typical daily volume of 9,500 call options.
Analyst Ratings Changes
Several equities analysts recently commented on GOEV shares. Alliance Global Partners started coverage on shares of Canoo in a report on Thursday, August 24th. They set a “buy” rating and a $1.55 price target on the stock. HC Wainwright cut their price target on shares of Canoo from $10.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th.
Hedge Funds Weigh In On Canoo
Canoo Trading Up 21.7 %
NYSE:GOEV traded up $0.07 during mid-day trading on Monday, hitting $0.37. 86,666,816 shares of the stock traded hands, compared to its average volume of 25,176,510. The stock has a market capitalization of $263.80 million, a price-to-earnings ratio of -0.42 and a beta of 1.31. Canoo has a 52 week low of $0.22 and a 52 week high of $1.49. The firm’s 50 day moving average is $0.36 and its two-hundred day moving average is $0.50. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 0.27.
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 that directly houses the critical components for operation of an EV.
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