Canoo Stock Quote Today

GOEV
 Stock
  

USD 1.40  0.04  2.78%   

Market Performance
0 of 100
Odds Of Distress
Less than 27
Canoo is selling for under 1.40 as of the 5th of December 2022; that is -2.78 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.39. Canoo has about a 27 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Canoo Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
Fiscal Year End
December
Business Domain
Automobiles & Components
IPO Date
1st of August 2017
Category
Consumer Cyclical
Classification
Consumer Discretionary
ISIN
US13803R1023
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. The company has 341.77 M outstanding shares of which 40.57 M shares are currently shorted by private and institutional investors with about 3.54 trading days to cover. More on Canoo Inc

Moving together with Canoo

+0.9TSLATesla Inc TrendingPairCorr
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Moving against Canoo

-0.51JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr

Canoo Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canoo's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canoo or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Canoo Inc generated a negative expected return over the last 90 days
Canoo Inc has high historical volatility and very poor performance
Canoo Inc may become a speculative penny stock
The company currently holds 26.98 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.
Net Loss for the year was (346.77 M) with profit before overhead, payroll, taxes, and interest of 1.88 M.
Canoo Inc currently holds about 36.48 M in cash with (300.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13.
Roughly 19.0% of Canoo shares are held by company insiders
Fama & French Classification
Average Analyst Recommendation
Analysts covering Canoo report their recommendations after researching Canoo's financial statements, talking to executives and customers, or listening in on Canoo's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Canoo Inc. The Canoo consensus assessment is calculated by taking the average forecast from all of the analysts covering Canoo.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Canoo's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellUndervalued
Canoo Inc (GOEV) is traded on NASDAQ Exchange in USA and employs 805 people. Canoo is listed under Automobile Manufacturers category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with current market capitalization of 492.14 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 Inc conducts business under Automobiles sector and is part of Consumer Discretionary industry. The entity has 341.77 M outstanding shares of which 40.57 M shares are currently shorted by private and institutional investors with about 3.54 trading days to cover. Canoo Inc currently holds about 36.48 M in cash with (300.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13.
Check Canoo Probability Of Bankruptcy
Ownership
Canoo Inc retains a total of 341.77 Million outstanding shares. 30% of Canoo Inc outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Canoo Ownership Details

Canoo Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Canoo jumping above the current price in 90 days from now is about 72.69%. The Canoo Inc probability density function shows the probability of Canoo stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.7079. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Canoo will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Canoo Inc is significantly underperforming NYSE Composite.
  Odds Below 1.4HorizonTargetOdds Above 1.4
27.25%90 days
 1.40 
72.69%
Based on a normal probability distribution, the odds of Canoo to move above the current price in 90 days from now is about 72.69 (This Canoo Inc probability density function shows the probability of Canoo Stock to fall within a particular range of prices over 90 days) .

Canoo Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Canoo that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canoo's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canoo's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares14.4 K27 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares14.4 K27 K
Ws Management LllpCall Options280 K518 K
Woodline Partners LpWarrants130.6 K54 K
Wolverine Trading LlcPut Options60.1 K122 K
View Canoo Diagnostics

Canoo Inc Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canoo market risk premium is the additional return an investor will receive from holding Canoo long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canoo. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canoo's alpha and beta are two of the key measurements used to evaluate Canoo's performance over the market, the standard measures of volatility play an important role as well.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Canoo without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Positions Ratings

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Canoo Corporate Management

Elected by the shareholders, the Canoo's board of directors comprises two types of representatives: Canoo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canoo. The board's role is to monitor Canoo's management team and ensure that shareholders' interests are well served. Canoo's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canoo's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ram Balasubramanian - Chief OfficerProfile
Hector Ruiz - Gen SecProfile
Ramesh Murthy - Sr CFOProfile
Anthony Aquila - CEO ChairmanProfile
Kate Lengyel - Chief OfficerProfile
Ambassador Sheeran - Pres DirectorProfile
Sohel Merchant - Founder AutomotiveProfile

Invested in Canoo Inc?

The danger of trading Canoo Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canoo is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canoo. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canoo Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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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
492.1 M
Return On Assets
(0.67) 
Return On Equity
(1.58) 
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.