Canoo Inc Stock Today

GOEV Stock  USD 0.62  0.12  16.22%   

Performance

0 of 100

 
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Odds Of Distress

Over 85

 
High
 
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Canoo is selling for under 0.62 as of the 14th of November 2024; that is 16.22 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.62. Canoo has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors 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 20th of November 2023 and ending today, the 14th of November 2024. Click here to learn more.
Business Domain
Automobiles & Components
IPO Date
1st of August 2017
Category
Consumer Cyclical
Classification
Consumer Discretionary
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 86.85 M outstanding shares of which 10.75 M shares are currently shorted by private and institutional investors with about 3.54 trading days to cover. More on Canoo Inc

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Canoo Stock Highlights

Executive CEOAnthony Aquila
Business ConcentrationAutomobile Manufacturers, Automobiles & Components, Consumer Discretionary, NASDAQ Composite, Consumer Discretionary, Automobiles, Auto Manufacturers, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.00360.0019
Way Up
Pretty Stable
Total Current Liabilities110.8 M184.4 M
Way Down
Slightly volatile
Non Current Liabilities Total74.2 M108 M
Way Down
Slightly volatile
Total Assets525.2 M542 M
Sufficiently Down
Slightly volatile
Total Current Assets30.9 M32.6 M
Notably Down
Slightly volatile
Debt Levels
Canoo can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canoo's financial leverage. It provides some insight into what part of Canoo's total assets is financed by creditors.
Liquidity
Canoo Inc currently holds 89.99 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. Note, when we think about Canoo's use of debt, we should always consider it together with its cash and equity.

Total Cash From Financing Activities

301.61 Million
Canoo Inc (GOEV) is traded on NASDAQ Exchange in USA. It is located in 19951 Mariner Avenue, Torrance, CA, United States, 90503 and employs 651 people. Canoo is listed under Automobile Manufacturers category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 54.2 M. Canoo Inc conducts business under Automobiles sector and is part of Consumer Discretionary industry. The entity has 86.85 M outstanding shares of which 10.75 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 (251.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13.
Check Canoo Probability Of Bankruptcy
Ownership Allocation
Canoo holds a total of 86.85 Million outstanding shares. Canoo Inc shows 4.45 percent of its outstanding shares held by insiders and 23.59 percent owned by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Canoo Ownership Details

Canoo Stock Institutional Holders

InstituionRecorded OnShares
Rafferty Asset Management, Llc2024-06-30
212.3 K
Bank Of America Corp2024-06-30
203.7 K
Bank Of New York Mellon Corp2024-06-30
183.8 K
Northern Trust Corp2024-06-30
139.8 K
Ep Wealth Advisors, Inc.2024-06-30
121.7 K
Alliancebernstein L.p.2024-06-30
98.2 K
Rhumbline Advisers2024-06-30
71.9 K
Goldman Sachs Group Inc2024-06-30
64.5 K
Alpine Partners Vi, Llc2024-06-30
58 K
Blackrock Inc2024-06-30
3.9 M
Vanguard Group Inc2024-06-30
2.7 M
View Canoo Diagnostics

Canoo Historical Income Statement

At this time, Canoo's Interest Expense is fairly stable compared to the past year. Other Operating Expenses is likely to climb to about 352.3 M in 2024, despite the fact that Net Loss is likely to grow to (417 M). View More Fundamentals

Canoo Stock Against Markets

Canoo Corporate Management

Richard KimChief OfficerProfile
Jonathan CFAVice RelationsProfile
Kate LengyelChief OfficerProfile
Nick CunninghamVP RelationsProfile
Kunal BhallaCapital DevelopmentProfile
Michael CarterChief OfficerProfile
Agnes GomesKoizumiVice CommunicationsProfile

Additional Tools for Canoo Stock Analysis

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.