Canoo Stock Price on August 9, 2022 Breakdown


USD 1.34  0.03  2.19%   

As of today, the current price of Canoo is  1.34 , as last reported on the 8th of December, with the highest price reaching  1.41  and the lowest price hitting  1.31  during the day.
Canoo Inc secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had -0.14% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Canoo Inc exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Canoo Inc risk adjusted performance of (0.21), and Mean Deviation of 4.04 to double-check the risk estimate we provide.
Canoo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
177.6 M
Net Income Applicable To Common Shares
-346.8 M
Shares Outstanding
341.8 M
Shares Short Prior Month
37.2 M
Earnings Share
Shares Short
40.6 M

Canoo Main Headline on 9th of August 2022

Financial Statements
by SEC
Financial Statements and Exhibits. Entry into a Material Definitive Agreement

Canoo Valuation on August 9, 2022

It is possible to determine the worth of Canoo on a given historical date. On August 9, 2022 Canoo was worth 3.69 at the beginning of the trading date compared to the closed value of 3.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canoo stock. Still, in general, we apply an absolute valuation method to find Canoo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canoo's related companies.
 Open High Low Close Volume
  3.86    4.19    3.79    3.94    15,260,106  
  3.69    3.69    3.19    3.41    13,293,154  
  3.48    3.59    3.33    3.59    5,633,581  
Backtest Canoo  |  Canoo History  |  Canoo Valuation   PreviousNext  
Open Value 3.69
Closing Value

Canoo Trading Date Momentum on August 9, 2022

On August 10 2022 Canoo Inc was traded for  3.59  at the closing time. The top price for the day was 3.59  and the lowest listed price was  3.33 . The trading volume for the day was 5.6 M. The trading history from August 10, 2022 was a factor to the next trading day price increase. The overall trading delta against the next closing price was 5.28% . The overall trading delta against the current closing price is 7.62% .

Canoo Inc Fundamentals Correlations and Trends

By evaluating Canoo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canoo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canoo financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Canoo Stock history

Canoo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canoo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canoo Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canoo historical stock prices may prove useful in developing a viable investing in Canoo
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California. Canoo operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 805 people.

Canoo Stock Technical Analysis

Canoo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canoo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canoo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Canoo Period Price Range

August 9, 2022





Canoo December 8, 2022 Market Strength

Market strength indicators help investors to evaluate how Canoo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoo shares will generate the highest return on investment. By undertsting and applying Canoo stock market strength indicators, traders can identify Canoo Inc entry and exit signals to maximize returns

Canoo Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Canoo stock's direction in advance. Along with the technical and fundamental analysis of Canoo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canoo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please check Risk vs Return Analysis. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Canoo Inc 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 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.
Market Capitalization
468.2 M
Return On Assets
Return On Equity
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 Canoo value 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.