Canoo Inc Stock Analysis

Canoo Stock Analysis Notes

The company has price-to-book (P/B) ratio of 0.63. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canoo Inc recorded a loss per share of 12.19. The entity had not issued any dividends in recent years. The firm had 1:23 split on the 8th of March 2024. 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 Anthony Aquila at 424 271 2144 or check out https://www.canoo.com.

Canoo Inc Investment Alerts

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Canoo Largest EPS Surprises

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Canoo Thematic Classifications

Canoo Stock Institutional Investors

Note, although Canoo's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Canoo Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 204.38 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 those looking for more risk prefer small-cap and mid-cap equities.

Canoo Profitablity

Management Efficiency

Canoo Inc has return on total asset (ROA) of (0.3224) % which means that it has lost $0.3224 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.257) %, meaning that it created substantial loss on money invested by shareholders. Canoo's management efficiency ratios could be used to measure how well Canoo manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.59 in 2024. Return On Capital Employed is likely to drop to -0.79 in 2024. At this time, Canoo's Other Assets are fairly stable compared to the past year. Other Current Assets is likely to climb to about 17.9 M in 2024, whereas Total Current Assets are likely to drop slightly above 30.9 M in 2024.

Technical Drivers

As of the 25th of April, Canoo shows the Risk Adjusted Performance of 0.0336, downside deviation of 8.85, and Mean Deviation of 8.97. 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 peers. 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 2.9 per share. Please also double-check Canoo Inc total risk alpha, which is currently at (1.31) to validate the company can sustain itself at a future point.

Canoo Inc Price Movement Analysis

Canoo Inc Insider Trading Activities

Canoo Predictive Daily Indicators

Canoo Corporate Filings

Canoo Forecast Models

Canoo's time-series forecasting models are one of many Canoo's stock analysis techniques aimed at predicting 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 market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canoo prices is reacting to, or reflecting on a current 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.

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.

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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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.

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.

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.