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Canoo (GOEV)
NASDAQ:GOEV
Canoo (GOEV) Stock Price & Analysis
4,942 Followers
GOEV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.22 - $15.97
Previous Close$2.3
Volume2.27M
Average Volume (3M)3.90M
Market Cap
$163.76M
Enterprise Value$258.24M
Total Cash (Recent Filing)$3.70M
Total Debt (Recent Filing)$98.18M
Price to Earnings (P/E)―
Beta2.69
Next Earnings
Aug 12, 2024EPS Estimate
-$0.87Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-10.45
Shares Outstanding68,567,495
10 Day Avg. Volume6,098,276
30 Day Avg. Volume3,897,650
Standard Deviation0.27
R-Squared0.10
Alpha-0.10
Financial Highlights & Ratios
Price to Book (P/B)0.73
Price to Sales (P/S)145.49
Price to Cash Flow (P/CF)-0.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue291.47
Enterprise Value/Gross Profit-173.55
Enterprise Value/Ebitda-1.08
Forecast
1Y Price Target
$4.88Price Target Upside112.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Canoo News
Bulls Say, Bears Say
Bulls Say
Cost ManagementR&D expenses decreased 44% year-over-year, which may reflect improved cost management.
Revenue GrowthAnalyst projects significant revenue growth from $55M in 2024 to $4.1B in 2034 and expects gross margins to improve substantially by 2026.
Strategic OrdersCanoo has continued to add to its 18,000-plus units orderbook with new orders from the United States Postal Service.
Bears Say
FundingCanoo needs to raise roughly $200 million to $250 million to navigate through this period, which is a key investor concern.
LossesOperating loss and net loss for the quarter were significant, with net loss excluding gains and losses from financing instruments standing at $67.1M.
RevenueCanoo reported its 1Q24 results with no revenue generated in the quarter.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
GOEV FAQ
What was Canoo’s price range in the past 12 months?
Canoo lowest stock price was $1.22 and its highest was $15.97 in the past 12 months.
What is Canoo’s market cap?
Currently, no data Available
When is Canoo’s upcoming earnings report date?
Canoo’s upcoming earnings report date is Aug 12, 2024 which is in 21 days.
How were Canoo’s earnings last quarter?
Currently, no data Available
Is Canoo overvalued?
According to Wall Street analysts Canoo’s price is currently Undervalued.
Does Canoo pay dividends?
Canoo does not currently pay dividends.
What is Canoo’s EPS estimate?
Canoo’s EPS estimate is -$0.87.
How many shares outstanding does Canoo have?
Canoo has 71,199,780 shares outstanding.
What happened to Canoo’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Canoo?
Among the largest hedge funds holding Canoo’s share is Gotham Asset Management LLC. It holds Canoo’s shares valued at N/A.
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Canoo Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$4.88 (112.17% Upside)
$4.88 (112.17% Upside)
Blogger Sentiment
Bearish
GOEV Sentiment 78%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 1.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $51.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.4%
Last 30 Days ▼ 4.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-86.06%
12-Months-Change
Fundamentals
Return on Equity
-147.69%
Trailing 12-Months
Asset Growth
11.59%
Trailing 12-Months
Company Description
Canoo
Canoo is a mobility technology firm that manufactures electric vehicles for both consumer and commercial markets. The company's products encompass lifestyle delivery vehicles, lifestyle vehicles, pickups, and multi-purpose delivery vehicles. Beyond vehicle manufacturing, it is engaged in developing a software platform tailored to aggregate data from Canoo vehicles and those from other manufacturers, providing customers with valuable insights.
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GOEV Company Deck
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GOEV Earnings Call
Q1 2024
0:00 / 0:00
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GOEV Stock 12 Month Forecast
Average Price Target
$4.88
▲(112.17% Upside)
Technical Analysis
Best Analysts Covering GOEV
1 Year
1 Year Success Rate
0/15 ratings generated profit
1 Year Average Return
-70.75%
reiterated a buy rating 2 months ago
Copying Amit Dayal's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -70.75% per trade.
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