|Bid||0.5870 x 1000|
|Ask||0.5867 x 2900|
|Day's range||0.5695 - 0.5930|
|52-week range||0.5420 - 6.2500|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||N/A|
|Earnings date||08 May 2023 - 12 May 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.25|
It's been a rough time in the stock market over the past year and even good companies with lots of long-term potential experienced massive share price sell-offs right alongside not-so-great companies. You wouldn't know Carvana's business is stuck grinding its gears by looking at the company's 72% year-to-date share price rise.
Shares of electric vehicle companies Canoo (NASDAQ: GOEV), Nikola (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) were tumbling today after an analyst made comments yesterday indicating that price drops for EVs could be the new normal. EV stock investors may also be on edge as the Federal Reserve meets today to decide on how it will proceed with interest rate increases to fight inflation. As a result of all of this news, Canoo's shares were down 6.1%, Nikola had fallen 3.7%, and Lordstown's stock dropped 5.3% as of 11:32 a.m. ET.
Shares of start-up electric vehicle (EV) maker Canoo (NASDAQ: GOEV) spiked as much as 6.5% Thursday morning after news of a new vehicle order surfaced. Last month Canoo announced it was raising about $52.5 million by issuing new shares for institutional investors at what was then a discounted price of $1.05 per share. The new electric vans for Schindler Elevator Corporation will be customized for use by its service technicians in the U.S. Schindler said the vans will help it achieve its zero-emissions goal.