Canoo IncGOEV
GOEV
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 21
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
19% more call options, than puts
Call options by funds: $2.69M | Put options by funds: $2.27M
4% more funds holding
Funds holding: 103 [Q2] → 107 (+4) [Q3]
2.51% less ownership
Funds ownership: 22.24% [Q2] → 19.72% (-2.51%) [Q3]
52% less capital invested
Capital invested by funds: $33.5M [Q2] → $16.1M (-$17.5M) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$0.50
34%
upside
Avg. target
$20
5,329%
upside
High target
$40
10,624%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stifel Stephen Gengaro 61% 1-year accuracy 51 / 84 met price target | 34%upside $0.50 | Hold Downgraded | 31 Dec 2024 |
HC Wainwright & Co. Amit Dayal 43% 1-year accuracy 47 / 110 met price target | 10,624%upside $40 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 8 articles about GOEV published over the past 30 days
Negative
Zacks Investment Research
1 day ago
EV Startups Struggle to Stay Afloat: Canoo Becomes Latest Victim
GOEV's story serves as a cautionary tale for other startups navigating the complex and competitive EV industry.
Negative
Reuters
5 days ago
EV startup Canoo files for bankruptcy, to cease operations
Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately.
Negative
TechCrunch
5 days ago
EV startup Canoo files for bankruptcy and ceases operations
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court.
Neutral
GlobeNewsWire
5 days ago
Canoo Inc. Announces Chapter 7 Bankruptcy Filing
JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), (the "Company"), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company's assets and the distribution of proceeds to creditors.
Negative
Invezz
1 week ago
Canoo stock price crashed: will GOEV go bankrupt in 2025?
Canoo stock price sits at a record low as the company faces an uncertain future ahead. It was trading at $1.60 on Wednesday, a few points above its all-time low.
Positive
Zacks Investment Research
1 week ago
Bet on 5 Top-Ranked Stocks With Rising P/E to Boost Your Portfolio
Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Constellation Brands, Edgewell Personal Care, Rent the Runway, Medpace and Canoo.
Positive
Zacks Investment Research
2 weeks ago
Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic?
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?
Positive
Zacks Investment Research
3 weeks ago
Bet On These 5 Top-Ranked Stocks With Rising P/E
Tap five stocks with increasing P/E ratios for an out-of-the-box approach. These stocks are Constellation Brands, Stryve Foods, Canoo, Fortuna Mining & Qualcomm.
Negative
TechCrunch
1 month ago
EV startup Canoo places remaining employees on a ‘mandatory unpaid break'
Struggling electric van startup Canoo has placed its remaining employees on what it's calling a “mandatory unpaid break” through at least the end of the year, according to an email obtained by TechCrunch.
Neutral
GlobeNewsWire
1 month ago
Canoo Inc. Announces 1-for-20 Reverse Stock Split Effective December 24, 2024
JUSTIN, Texas, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on December 24, 2024, at 8:00 a.m., Eastern Time (“Effective Date”). Canoo's Common Stock will continue to trade on The Nasdaq Capital Market under the existing ticker symbol "GOEV" and will begin trading on a split-adjusted basis when the market opens on December 24, 2024. The new CUSIP number for Canoo's Common Stock following the reverse stock split will be 13803R300.
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