Canoo Inc
GOEV
Market cap $84.8M

0.9760 USD

+0.0237

2.49%

Updated Oct 22, 10:48 AM EDT

1 day

2.49%

5 days

4.39%

1 month

-0.45%

3 months

-54.60%

6 months

-71.29%

Year to date

-81.55%

1 year

-84.80%

5 years

-99.78%

About: Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.

Employees: 817

Consumer Discretionary Motor Vehicle Parts & Accessories

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

171% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 17

144% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 9

59% more capital invested

Capital invested by funds: $20.7M [Q1] → $32.8M (+$12.2M) [Q2]

39% more funds holding

Funds holding: 74 [Q1] → 103 (+29) [Q2]

11.54% more ownership

Funds ownership: 10.22% [Q1] → 21.77% (+11.54%) [Q2]

41% less call options, than puts

Call options by funds: $3.33M | Put options by funds: $5.65M

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$1.50

54%

upside

Avg. target

$2.75

182%

upside

High target

$4

310%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

HC Wainwright & Co. Amit Dayal 46% 1-year accuracy 35 / 76 met price target	310%upside $4	Buy Maintained	16 Aug 2024
Roth MKM Craig Irwin 30% 1-year accuracy 8 / 27 met price target	54%upside $1.50	Neutral Maintained	15 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about GOEV published over the past 30 days

Zacks Investment Research

Wall Street Bulls Look Optimistic About Canoo (GOEV): Should You Buy?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Bulls Look Optimistic About Canoo (GOEV): Should You Buy?

Canoo Receives Regulatory Approval for UK Pilot Vehicles

JUSTIN, Texas, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it has received the IVA (Individual Vehicle Approval) regulatory certificates, meeting the national technical requirements for its Right-Hand Drive (RHD) electric commercial delivery vans in the United Kingdom. This marks a significant milestone for Canoo as the company prepares for pilot testing the RHD variants of its LDV 130 and LDV 190 electric commercial delivery vans with a prestigious fleet in the United Kingdom.

Canoo Receives Regulatory Approval for UK Pilot Vehicles

Canoo stock price analysis: GOEV bankruptcy risks are elevated

Canoo (GOEV) stock price has collapsed, making it one of the worst-performing electric vehicle companies in the EV industry. It has dropped by over 83% this year, bringing its valuation to about $85 million.

Canoo stock price analysis: GOEV bankruptcy risks are elevated

Zacks Investment Research

Canoo Inc. (GOEV) Increases Yet Falls Behind Market: What Investors Need to Know

In the closing of the recent trading day, Canoo Inc. (GOEV) stood at $0.99, denoting a +0.26% change from the preceding trading day.

Canoo Inc. (GOEV) Increases Yet Falls Behind Market: What Investors Need to Know

Zacks Investment Research

Wall Street Analysts Think Canoo (GOEV) Is a Good Investment: Is It?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think Canoo (GOEV) Is a Good Investment: Is It?

Zacks Investment Research

Canoo Inc. (GOEV) Outperforms Broader Market: What You Need to Know

In the latest trading session, Canoo Inc. (GOEV) closed at $0.92, marking a +1.53% move from the previous day.

Canoo Inc. (GOEV) Outperforms Broader Market: What You Need to Know

Canoo hit with two supplier lawsuits as last remaining co-founder leaves

EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer.

Canoo hit with two supplier lawsuits as last remaining co-founder leaves

Canoo's Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma

FTZ activation insulates Canoo from import tariffs and allows for deferments and exemptions as the company expands its global presence The approval of Canoo's FTZ allows other vendors and partners to relocate into Canoo's user-driven site thereby broadening the benefits to Canoo and its partners Effective immediately providing a 5% reduction in BOM costs for imported parts significantly improving margins JUSTIN, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), a high-tech advanced mobility company, announced today that the U.S. Customs and Border Protection (CBP) has officially approved final activation of Canoo's Oklahoma City operations as a Foreign-Trade Zone (FTZ), becoming one of the largest FTZs in the State of Oklahoma.

Canoo's Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma

Zacks Investment Research

Canoo Inc. (GOEV) Advances While Market Declines: Some Information for Investors

The latest trading day saw Canoo Inc. (GOEV) settling at $1.05, representing a +0.96% change from its previous close.

Canoo Inc. (GOEV) Advances While Market Declines: Some Information for Investors

Zacks Investment Research

Canoo (GOEV) Is Considered a Good Investment by Brokers: Is That True?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Canoo (GOEV) Is Considered a Good Investment by Brokers: Is That True?

See News Rankings

Charts implemented using Lightweight Charts™