What's Going On With Canoo Shares Friday
Portfolio Pulse from Dylan Berman
Canoo, Inc. (NASDAQ:GOEV) is trending as it prepares to report its 2024 fiscal year second quarter earnings. Analysts estimate a loss of 77 cents per share and revenue of $913 thousand. The stock is trading at around $1.70, near the lower end of its 52-week range, with a 50-day moving average of $2.08 and current trading volume below its average session volume.
August 09, 2024 | 3:33 pm
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Canoo, Inc. (NASDAQ:GOEV) is trending as it prepares to report its 2024 fiscal year second quarter earnings. Analysts estimate a loss of 77 cents per share and revenue of $913 thousand. The stock is trading at around $1.70, near the lower end of its 52-week range, with a 50-day moving average of $2.08 and current trading volume below its average session volume.
The upcoming earnings report and current trading metrics are critical for short-term price movement. The stock is near its 52-week low, and trading volume is below average, indicating potential volatility. However, the market's reaction will depend on the actual earnings results and any forward guidance provided.
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