Canoo Stock Analysis

GOEV
 Stock
  

USD 4.11  0.35  9.31%   

The latest price climb of Canoo Inc may raise some interest from sophisticated investors. The stock closed today at a share price of 4.11 on 9,624,595 in trading volume. The company management teams may have good odds in positioning the firm resources to exploit market volatility in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 9.68. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Canoo partners.
Please check Risk vs Return Analysis.
  
The Canoo stock analysis report makes it easy to digest most publicly released information about Canoo and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Canoo Stock analysis module also helps to analyze the Canoo price relationship with some important fundamental indicators such as market cap and management efficiency.

Canoo Stock Analysis Notes

About 22.0% of the company shares are held by company insiders. The book value of Canoo was currently reported as 1.94. The company recorded a loss per share of 1.05. Canoo Inc had not issued any dividends in recent years. 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. To learn more about Canoo Inc call the company at 424 271 2144 or check out https://www.canoo.com.

Canoo Quarterly Cost of Revenue

0.0

Canoo Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Canoo's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Canoo Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Canoo Inc is way too risky over 90 days horizon
Canoo Inc appears to be risky and price may revert if volatility continues
The company reported the previous year's revenue of 2.55 M. Net Loss for the year was (456.91 M) with profit before overhead, payroll, taxes, and interest of 1.88 M.
Canoo Inc currently holds about 109.25 M in cash with (367.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.45.
Canoo Inc has a frail financial position based on the latest SEC disclosures
Roughly 22.0% of the company shares are held by company insiders
Latest headline from www.entrepreneur.com: 2 EV Stocks You Might Want to Avoid Right Now - Entrepreneur

Canoo Inc Upcoming and Recent Events

Earnings reports are used by Canoo to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Canoo previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report4th of April 2022
Next Financial Report16th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End4th of April 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Canoo Largest EPS Surprises

Earnings surprises can significantly impact Canoo's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-03-29
2020-12-31-0.14-0.080.0642 
2022-02-28
2021-12-31-0.51-0.6-0.0917 
2021-11-15
2021-09-30-0.44-0.350.0920 
View All Earnings Estimates

Canoo SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Canoo prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Canoo investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Canoo Inc specific information freely available to individual and institutional investors to make a timely investment decision.
25th of July 2022
Unclassified Corporate Event
View
22nd of July 2022
Unclassified Corporate Event
View
21st of July 2022
Financial Statements and Exhibits. Entry into a Material Definitive Agreement
View
12th of July 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Submission of Matters to a Vote of Security Holders. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
View
16th of May 2022
Financial Statements and Exhibits. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
View
10th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
16th of March 2022
Unclassified Corporate Event
View
28th of February 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View

Canoo Thematic Classifications

In addition to having Canoo stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Automobiles and Trucks
USA Equities from Automobiles and Trucks industry as classified by Fama & French

Canoo Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 949.16 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canoo's market, we take the total number of its shares issued and multiply it by Canoo's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Canoo Profitablity

Canoo's profitability indicators refer to fundamental financial ratios that showcase Canoo's ability to generate income relative to its revenue or operating costs. If, let's say, Canoo is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Canoo's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Canoo's profitability requires more research than a typical breakdown of Canoo's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2022
Return on Average Assets(0.54) (0.58) 
Return on Average Equity(0.71) (0.73) 
Return on Invested Capital(3.60) (3.70) 
Return on Sales(26.90) (29.02) 

Management Efficiency

The entity has return on total asset (ROA) of (54.23) % which means that it has lost $54.23 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (106.51) %, meaning that it created substantial loss on money invested by shareholders. Canoo management efficiency ratios could be used to measure how well canoo inc manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Assets is likely to drop to -0.58 in 2022. Return on Average Equity is likely to drop to -0.73 in 2022. Canoo Current Assets are fairly stable at the moment as compared to the past year. Canoo reported Current Assets of 291.31 Million in 2021. Assets Non Current is likely to climb to about 250.1 M in 2022, whereas Asset Turnover is likely to drop 0.005368 in 2022.
Last ReportedProjected for 2022
Book Value per Share 1.51  1.65 
Enterprise Value over EBIT(4.00) (4.32) 
Enterprise Value over EBITDA(4.27) (4.61) 
Price to Book Value 5.36  5.78 
Tangible Assets Book Value per Share 2.29  2.67 
Enterprise Value1.4 B1.7 B
Tangible Asset Value523.1 M470.5 M

Technical Drivers

As of the 12th of August 2022, Canoo shows the Downside Deviation of 6.82, risk adjusted performance of 0.0599, and Mean Deviation of 6.42. Canoo Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Canoo Inc, which can be compared to its rivals. Please confirm Canoo Inc coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Canoo Inc is priced correctly, providing market reflects its regular price of 4.11 per share. Given that Canoo has jensen alpha of 0.3225, we suggest you to validate Canoo Inc's prevailing market performance to make sure the company can sustain itself at a future point.

Canoo Inc Price Movement Analysis

null. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Canoo middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Canoo Inc. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
.

Canoo Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Canoo insiders, such as employees or executives, is commonly permitted as long as it does not rely on Canoo's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Canoo insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Dd Global Holdings Ltd over two weeks ago via Macroaxis 
Canoo exotic insider transaction detected
Murthy Ramesh over two weeks ago via Macroaxis 
Sale by Murthy Ramesh of 4177 shares of Canoo
Dd Global Holdings Ltd over three weeks ago via Macroaxis 
Canoo exotic insider transaction detected
Murthy Ramesh over a month ago via Macroaxis 
Sale by Murthy Ramesh of 749 shares of Canoo
Ruiz Hector M over a month ago via Macroaxis 
Acquisition by Ruiz Hector M of 182357 shares of Canoo subject to Rule 16b-3
Murthy Ramesh over two months ago via Macroaxis 
Sale by Murthy Ramesh of 4 shares of Canoo
Von Storch Debra over two months ago via Macroaxis 
Canoo exotic insider transaction detected
Dd Global Holdings Ltd over three months ago via Macroaxis 
Purchase by Dd Global Holdings Ltd of 10500000 shares of Canoo
Dattilo Thomas A over three months ago via Macroaxis 
Purchase by Dattilo Thomas A of 50000 shares of Canoo
Sheeran Josette over three months ago via Macroaxis 
Purchase by Sheeran Josette of tradable shares of Canoo
Sheeran Josette over six months ago via Macroaxis 
Purchase by Sheeran Josette of tradable shares of Canoo
Remarkable Views Consultants Ltd over six months ago via Macroaxis 
Acquisition or disposition of Canoo securities by Remarkable Views Consultants Ltd

Canoo Predictive Daily Indicators

Canoo intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Canoo stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Canoo Forecast Models

Canoo time-series forecasting models is one of many Canoo's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These 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.

About Canoo Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canoo stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Canoo shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Canoo. By using and applying Canoo Stock analysis, traders can create a robust methodology for identifying Canoo entry and exit points for their positions.
Last ReportedProjected for 2022
EBITDA Margin(24.16) (26.07) 
Gross Margin 0.66  0.66 
Profit Margin(30.60) (33.02) 
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.

Current Canoo Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Canoo analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Canoo analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
11.67Buy3Odds
Canoo Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Canoo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Canoo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Canoo Inc, talking to its executives and customers, or listening to Canoo conference calls.
Canoo Analyst Advice Details

Canoo Stock Analysis Indicators

Canoo Inc stock analysis indicators help investors 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 understating and applying Canoo stock analysis, traders can identify Canoo position entry and exit signals to maximize returns.
Quick Ratio0.82
Fifty Two Week Low1.7500
Shares Short Prior Month33.59M
Average Daily Volume Last 10 Day5.93M
Average Daily Volume In Three Month11.98M
Shares Percent Shares Out13.57%
Short Percent Of Float23.54%
Forward Price Earnings-2.53
Float Shares110.58M
Fifty Two Week High13.3500
Enterprise Value To Ebitda-1.55
Fifty Day Average3.1116
Two Hundred Day Average5.7920
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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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
B
Return On Assets
-0.63
Return On Equity
-1.43
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.