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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
62% more call options, than puts
Call options by funds: $1.53M | Put options by funds: $946K
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
3% more funds holding
Funds holding: 103 [Q2] → 106 (+3) [Q3]
2.53% less ownership
Funds ownership: 22.2% [Q2] → 19.67% (-2.53%) [Q3]
52% less capital invested
Capital invested by funds: $33.5M [Q2] → $16M (-$17.5M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$2
2,236%
upside
Avg. target
$2
2,236%
upside
High target
$2
2,236%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Amit Dayal 39% 1-year accuracy 44 / 112 met price target | 2,236%upside $2 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 11 articles about GOEV published over the past 30 days
Negative
TechCrunch
1 day 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 day 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.
Negative
TechCrunch
3 days ago
Canoo furloughs workers and idles factory as it scrapes for cash
Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding.
Neutral
GlobeNewsWire
3 days ago
Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital
JUSTIN, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources.
Positive
Invezz
5 days ago
3 Tesla wannabe companies that may not survive the EV race
Electric vehicle stocks have diverged this year. On the one hand, we have Tesla whose shares have surged to a record high, giving it a market cap of over $1.4 trillion, and making it the eighth-biggest company in the world.
Negative
Invezz
6 days ago
Canoo stock price: Is GOEV a good contrarian buy?
Canoo stock price has imploded, costing long-term investors millions of dollars over time. GOEV shares plunged by over 24% on Friday after it unveiled another round of furloughs as odds of survival remained slim.
Positive
Zacks Investment Research
1 week ago
Bet on 5 Top-Ranked Stocks With Rising P/E
Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Stryve Foods, Nevro, Canoo, MSA Safety and VTEX.
Positive
Zacks Investment Research
1 week ago
Is It Worth Investing in Canoo (GOEV) Based on Wall Street's Bullish Views?
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?
Neutral
Invezz
3 weeks ago
Canoo stock forms rare pattern: could GOEV surge 670%?
Canoo stock price has collapsed this year, raising concerns that the electric vehicle company may be about to collapse. GOEV shares have crashed by over 53% in the last 30 days and 92% this year, bringing its market cap to about $43 million.
Neutral
Zacks Investment Research
4 weeks ago
Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic?
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.
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