Canoo Inc. (GOEV)

NASDAQ: GOEV · IEX Real-Time Price · USD
2.330
+0.310 (15.35%)
At close: Jul 2, 2024, 4:00 PM
2.320
-0.010 (-0.43%)
After-hours: Jul 2, 2024, 7:59 PM EDT
15.35%
Market Cap 165.21M
Revenue (ttm) 886,000
Net Income (ttm) -323.44M
Shares Out 70.90M
EPS (ttm) 2.10
PE Ratio 1.11
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 7,458,330
Open 2.020
Previous Close 2.020
Day's Range 2.010 - 2.360
52-Week Range 1.220 - 19.504
Beta 1.28
Analysts Strong Buy
Price Target 23.79 (+921.03%)
Earnings Date Aug 12, 2024

About GOEV

Canoo Inc., a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical compone... [Read more]

Founded 2017
Employees 651
Stock Exchange NASDAQ
Ticker Symbol GOEV
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for GOEV stock is "Strong Buy." The 12-month stock price forecast is $23.79, which is an increase of 921.03% from the latest price.

Price Target
$23.79
(921.03% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Canoo Joins Russell 3000®, Russell 2000® and Russell Microcap® Indexes

JUSTIN, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it has officially joined the broad-market Russell 3000® Index, ...

1 day ago - GlobeNewsWire

Canoo Received Discounted Manufacturing Assets at Oklahoma Facilities

JUSTIN, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it has received the first of two tranches of new or like-new ad...

8 days ago - GlobeNewsWire

Very bad news for Polestar, Canoo, Faraday Future stocks

Polestar (PSNY), Canoo (GOEV), and Faraday Future (FFIE) stock prices have tumbled this year amid the rising concerns about the electric vehicle (EV) industry. Polestar's stock has crashed by more tha...

Other symbols: FFIEPSNY
11 days ago - Invezz

Canoo (GOEV) stock analysis as Tesla wannabe faces a cash squeeze

The electric vehicle industry is going through major headwinds this year amid heightened concerns about margins, growth, and balance sheets. Canoo (GOEV) stock price has already crashed by almost 70% ...

15 days ago - Invezz

Canoo (GOEV) stock price analysis: buy, sell, hold?

Canoo (NASDAQ: GOEV) stock price has remained under intense pressure in the past few weeks as investors remain concerned about the company's revenue growth and balance sheet. The stock was trading at ...

27 days ago - Invezz

Canoo Announces Participation in June Investor Conferences

JUSTIN, Texas, June 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that company leadership will participate in the following investor c...

4 weeks ago - GlobeNewsWire

Canoo stock price forecast: GOEV faces 1 key risk but don't short it

Canoo (NASDAQ: GOEV) stock price has imploded this year even as the company made progress on its development. It has plunged by almost 60% this year even as the S&P 500 and Nasdaq 100 indices surged t...

5 weeks ago - Invezz

Canoo stock price forecast: GOEV is risky, shorting it is riskier

Canoo (NASDAQ: GOEV) stock price remained under intense pressure this week after the company published encouraging and optimistic financial results. It was trading at $2.65 on Wednesday, where it has ...

6 weeks ago - Invezz

EV startup Canoo posts larger-than-expected loss in first quarter

Electric vehicle startup Canoo posted a larger-than-expected loss for the first quarter on Tuesday, but kept its outlook for the year unchanged.

7 weeks ago - Reuters

Canoo Q1 earnings: up to $100 million in revenue expected in 2024

Canoo Inc (NASDAQ: GOEV) is trading down in extended hours on Tuesday after reporting disappointing financial results for its first quarter. Canoo reiterates guidance for 2024 Investors are concerned ...

7 weeks ago - Invezz

Canoo (GOEV) stock price forecast ahead of earnings: buy or sell?

Canoo (NASDAQ: GOEV) stock price has stabilised a bit since April after the company received a big order from Saudi Arabia. It has risen by over 7% in the past 30 days and by 130% from its lowest poin...

2 months ago - Invezz

Canoo to Announce First Quarter 2024 Financial Results

Justin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended March 31,...

2 months ago - GlobeNewsWire

Tesla, Nikola, Mullen, Nio, Canoo stocks brace for a crucial week

Tesla (NASDAQ: TSLA) stock price has continued crashing hard this year and the plot could thicken this week. It has plunged by over 40% this year, shedding billions of dollars in value, making it the ...

Other symbols: NIONKLATSLAMULN
2 months ago - Invezz

Canoo (GOEV) stock price forecast: risk vs reward analysis

Canoo (NASDAQ: GOEV) stock price has staged a strong recovery in the past few weeks, outperforming the likes of Tesla, Rivian, and Lucid Motors. It has jumped by 157% from its lowest level this year w...

2 months ago - Invezz

Canoo to Present at LD Micro Conference April 8-9

Justin, TX, April 05, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, today announced that on Monday April 8th and Tuesday, April 9th, the Company's ...

3 months ago - GlobeNewsWire

INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Canoo Inc. to Contact Law Firm

NEW YORK , April 4, 2024 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: Canoo Inc. (NASDAQ: GOEV) *please con...

3 months ago - PRNewsWire

Struggling electric vehicle company Canoo spent twice as much on its CEO's private jet as it pulled in last year

Canoo spent $1.7 million on CEO Tony Aquila's private jet bills, twice its 2023 revenue. The EV maker lost $302 million last year, struggling in an industry facing slowing demand.

3 months ago - Business Insider

Is Canoo (GOEV) about to go bankrupt as the stock sinks?

Canoo (NASDAQ: GOEV) stock price has been punched in the face this year as concerns about the company have remained. It is already down by more than 52% this year alone.

3 months ago - Invezz

Canoo Stock Drops 26% After Fourth-Quarter Earnings and Sales Outlook

Canoo expects fiscal-year sales tof between $50 million and $75 million. Wall Street is projecting $109 million.

3 months ago - Barrons

Canoo Enters a $30 Billion Market with Multiple Commercial Vehicle Sales in Saudi Arabia

Canoo expands internationally with an industry leader in first step accessing the KSA market and provides opportunities for future strategic investments in the region Canoo expands internationally wit...

3 months ago - GlobeNewsWire

Electric Vehicle Maker Canoo Discloses ‘Substantial Doubt' About Its Future

Electric vehicle manufacturer Canoo disclosed in a Monday (April 1) annual report that its management has identified “substantial doubt” about the company's ability to continue as a going concern. The...

3 months ago - PYMNTS

Canoo spent double its annual revenue on the CEO's private jet in 2023

Tucked inside Canoo's 2023 earnings report is a nugget regarding the use of CEO Tony Aquila's private jet — just one of many expenses that illustrates the gap between spending and revenue at the EV st...

3 months ago - TechCrunch

Canoo's downbeat forecast sends stock tumbling, in latest EV setback

Electric-vehicle maker Canoo Inc. disappointed with its latest financial results and outlook, sending its stock tumbling late Monday.

3 months ago - Market Watch

Canoo Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

JUSTIN, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2023.

3 months ago - GlobeNewsWire

Canoo raises doubt about ‘ability to continue as a going concern'

Canoo Inc says its management has identified “substantial doubt about our ability to continue as a going concern”. Shares of the EV firm are down 20% in extended hours today.

3 months ago - Invezz