Canoo Inc Stock Chance of Future Stock Price Finishing Under 0.0341
| GOEV Stock | USD 3.00 0.14 4.90% |
Closest to current price Canoo long CALL Option Payoff at Expiration
Canoo |
Canoo Target Price Odds to finish below 0.0341
The tendency of Canoo Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.03 or more in 90 days |
| 3.00 | 90 days | 0.03 | near 1 |
Based on a normal probability distribution, the odds of Canoo to drop to $ 0.03 or more in 90 days from now is near 1 (This Canoo Inc probability density function shows the probability of Canoo Stock to fall within a particular range of prices over 90 days) . Probability of Canoo Inc price to stay between $ 0.03 and its current price of $3.0 at the end of the 90-day period is about 46.65 .
Given the investment horizon of 90 days Canoo has a beta of 0.59. This usually indicates as returns on the market go up, Canoo average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canoo Inc will be expected to be much smaller as well. Additionally Canoo Inc has an alpha of 0.1847, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Canoo Price Density |
| Price |
Predictive Modules for Canoo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canoo Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canoo's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canoo Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canoo is not an exception. The market had few large corrections towards the Canoo's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Canoo Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canoo within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.18 | |
β | Beta against NYSE Composite | 0.59 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | 0.01 |
Canoo Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Canoo for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canoo Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canoo Inc had very high historical volatility over the last 90 days | |
| Canoo Inc has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 89.99 M in liabilities with Debt to Equity (D/E) ratio of 0.14, which may suggest the company is not taking enough advantage from borrowing. Canoo Inc has a current ratio of 0.38, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Canoo until it has trouble settling it off, either with new capital or with free cash flow. So, Canoo's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoo to invest in growth at high rates of return. When we think about Canoo's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 886 K. Net Loss for the year was (302.02 M) with profit before overhead, payroll, taxes, and interest of 1.88 M. | |
| Canoo Inc currently holds about 36.48 M in cash with (251.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Canoo Inc has a poor financial position based on the latest SEC disclosures | |
| Latest headline from talkmarkets.com: Canoo Stock Price Forecast Risk Vs Reward Analysis |
Canoo Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Canoo Stock often depends not only on the future outlook of the current and potential Canoo's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Canoo's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.1 M | |
| Cash And Short Term Investments | 10.3 M |
Canoo Technical Analysis
Canoo's future price can be derived by breaking down and analyzing its technical indicators over time. Canoo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canoo Inc. In general, you should focus on analyzing Canoo Stock price patterns and their correlations with different microeconomic environments and drivers.
Canoo Predictive Forecast Models
Canoo's time-series forecasting models is one of many Canoo's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Canoo's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Canoo Inc
Checking the ongoing alerts about Canoo for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canoo Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canoo Inc had very high historical volatility over the last 90 days | |
| Canoo Inc has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 89.99 M in liabilities with Debt to Equity (D/E) ratio of 0.14, which may suggest the company is not taking enough advantage from borrowing. Canoo Inc has a current ratio of 0.38, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Canoo until it has trouble settling it off, either with new capital or with free cash flow. So, Canoo's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoo to invest in growth at high rates of return. When we think about Canoo's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 886 K. Net Loss for the year was (302.02 M) with profit before overhead, payroll, taxes, and interest of 1.88 M. | |
| Canoo Inc currently holds about 36.48 M in cash with (251.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Canoo Inc has a poor financial position based on the latest SEC disclosures | |
| Latest headline from talkmarkets.com: Canoo Stock Price Forecast Risk Vs Reward Analysis |
Check out Canoo Backtesting, Canoo Valuation, Canoo Correlation, Canoo Hype Analysis, Canoo Volatility, Canoo History as well as Canoo Performance. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Canoo Stock analysis
When running Canoo's price analysis, check to measure Canoo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.
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Is Canoo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.19) | Revenue Per Share 0.035 | Return On Assets (0.32) | Return On Equity (1.26) |
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo's market value can be influenced by many factors that don't directly affect Canoo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.