| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
GOEV Stock Overview
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States.
Canoo Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$3.59 |
| 52 Week High | US$13.35 |
| 52 Week Low | US$1.75 |
| Beta | 1.17 |
| 1 Month Change | 51.48% |
| 3 Month Change | 19.67% |
| 1 Year Change | -54.79% |
| 3 Year Change | -64.03% |
| 5 Year Change | n/a |
| Change since IPO | -63.52% |
Recent News & Updates
EV stock Canoo tumbles after second quarter's results
Canoo (NASDAQ:GOEV) shares fell 16% on Tuesday after the company released its second quarter's results. The electric vehicle maker has reported net loss of $164.4M for the quarter compared to the loss of $112.6M in a year-ago quarter. GAAP EPS stood at -$0.68. Adjusted EBITDA Loss expanded to $149.8M from $76.7M in Q2 2021. CEO Tony Aquila commented "We have more than $1 billion in our sales pipeline which includes our recently announced commercial order. We have successfully completed 90% of our structural crash testing in the quarter and are now moving to the final phase of Federal Motor Vehicle Safety Standard certification." The company has signed a definitive deal with Walmart where it agrees to purchase 4,500 units, beginning with the lifestyle delivery vehicle with an option to purchase up to 10,000 units. Net cash used in operating activities totaled $237.6M for the six months ended June 30, 2022, compared to $108.8M for the six months ended June 30, 2021. The company ended the quarter with cash and cash equivalents of $33.80M. "We are advancing to Start of Production in Q4 and, our product resonates with the most discerning customers," added Aquila. Second-Half Outlook: Canoo expects operating expenses to range between $200-$245M; Capital expenditure is forecasted to range within $100-$125M. On July 27, 2022, Seeking Alpha Quant system flagged warning at Sell rating, stating GOEV is at the high risk of performing badly as it has inferior profitability and is overpriced when compared to other consumer discretionary stocks. Wall Street analysts, on an average, maintain a Buy on GOEV while SA authors give a Hold.
Canoo discloses ~$7.37M share sale by DD Global
Canoo (NASDAQ:GOEV) has disclosed a ~$7.37M share sale by its 10% owner DD Global. DD Global sold 1,832,030 shares held in the EV startup at $4.00 - $4.175 price range. A look at GOEV's ownership composition:
Shareholder Returns
| GOEV | US Auto | US Market | |
|---|---|---|---|
| 7D | -4.0% | -3.5% | 1.2% |
| 1Y | -54.8% | 6.7% | -11.6% |
Return vs Industry: GOEV underperformed the US Auto industry which returned 2.8% over the past year.
Return vs Market: GOEV underperformed the US Market which returned -13.5% over the past year.
Price Volatility
| GOEV volatility | |
|---|---|
| GOEV Average Weekly Movement | 21.9% |
| Auto Industry Average Movement | 12.2% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GOEV is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week.
Volatility Over Time: GOEV's weekly volatility has increased from 16% to 22% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | 805 | Tony Aquila | https://www.canoo.com |
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles.
Canoo Inc. Fundamentals Summary
| GOEV fundamental statistics | |
|---|---|
| Market Cap | US$981.40m |
| Earnings (TTM) | -US$508.74m |
| Revenue (TTM) | n/a |
0.0x
P/S Ratio-1.9x
P/E RatioIs GOEV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GOEV income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Other Expenses | US$508.75m |
| Earnings | -US$508.74m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.86 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0% |
How did GOEV perform over the long term?
See historical performance and comparison