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GOEV

Canoo NasdaqGS:GOEV Stock Report

Last Price

US$3.59

Market Cap

US$981.4m

7D

-4.0%

1Y

-54.8%

Updated

10 Aug, 2022

Data

Company Financials +
GOEV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Canoo
Historical stock prices
Current Share PriceUS$3.59
52 Week HighUS$13.35
52 Week LowUS$1.75
Beta1.17
1 Month Change51.48%
3 Month Change19.67%
1 Year Change-54.79%
3 Year Change-64.03%
5 Year Changen/a
Change since IPO-63.52%

Recent News & Updates

Aug 09

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.

Jul 21

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

GOEVUS AutoUS 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

Is GOEV's price volatile compared to industry and market?
GOEV volatility
GOEV Average Weekly Movement21.9%
Auto Industry Average Movement12.2%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
2017805Tony Aquilahttps://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

How do Canoo's earnings and revenue compare to its market cap?
GOEV fundamental statistics
Market CapUS$981.40m
Earnings (TTM)-US$508.74m
Revenue (TTM)n/a

0.0x

P/S Ratio

-1.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOEV income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$508.75m
Earnings-US$508.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.86
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did GOEV perform over the long term?

See historical performance and comparison