What is the right price you would pay to acquire a share of Canoo? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Canoo Inc this year
Annual and quarterly reports issued by Canoo Inc are formal
financial statements that are published yearly and quarterly and sent to Canoo stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Canoo often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Canoo Gross Profit
Canoo Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Canoo previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Canoo Gross Profit growth over the last 10 years. Please check Canoo's
gross profit and other
fundamental indicators for more details.
What is driving Canoo Investor Appetite?
Analysts have increased confidence in the firm as compared to a month ago. The current consensus of 3 analysts is Hold.
Is Canoo a risky opportunity?
Let's check the volatility. Canoo is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Canoo (NASDAQ:GOEV) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. buying a share of a Canoo stock makes you a part-owner of that company.
Canoo Inc Current Consensus
Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering Canoo Inc. The Canoo consensus assessment is calculated by taking the average estimates from all of the analysts covering Canoo
| Strong Buy | 1 | 33.33 |
| Buy | 0 | 0.0 |
| Hold | 1 | 33.33 |
| Sell | 1 | 33.33 |
| Strong Sell | 0 | 0.0 |
How will Canoo sophisticated investors react to the next fall?
Variance is down to 19.18. It may cause a possible volatility fall. Canoo Inc exhibits very low volatility with skewness of 3.59 and kurtosis of 21.89. However, we advise investors to further study Canoo Inc technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canoo's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canoo's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Conclusion on Canoo
While some other firms in the auto manufacturers industry are either recovering or due for a correction, Canoo may not be as strong as the others in terms of longer-term growth potentials. With a somewhat neutral outlook on your 90 days horizon, it may be better to hold off any trading activity and neither trade new shares of Canoo nor drop your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Canoo.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Canoo Inc. Please refer to our
Terms of Use for any information regarding our disclosure principles.
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to
editors@macroaxis.com
