Canoo (GOEVQ)
OTHER OTC:GOEVQ
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Positive Factors
Revenue Growth
Canoo's record-breaking revenue indicates potential market acceptance and growth, which is crucial for scaling operations and improving financial health.
Negative Factors
Cash Flow Challenges
Persistent negative cash flow from operations indicates difficulty in sustaining business activities without external funding, posing long-term viability risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Canoo's record-breaking revenue indicates potential market acceptance and growth, which is crucial for scaling operations and improving financial health.
Read all positive factors
Canoo (GOEVQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.79K
Dividend YieldN/A
Average Volume (3M)40.66K
Price to Earnings (P/E)―
Beta (1Y)10.22
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees651
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding14,486,039
10 Day Avg. Volume15,046
30 Day Avg. Volume40,661
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap13.75K
Enterprise Value/Revenue42.78
Enterprise Value/Gross Profit-59.74
Enterprise Value/Ebitda-0.67
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Canoo Business Overview & Revenue Model
Company Description
Canoo Inc., a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. It offers lifestyle delivery vehicles, multi-purpose...
How the Company Makes Money
Canoo Inc. primarily generates revenue through the sale of its electric vehicles, targeting both individual consumers and commercial clients. The company offers a unique subscription model, allowing customers to access their vehicles through a fle...
Canoo Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Mar 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.86M | 886.00K | 0.00 | 0.00 | 2.55M | 0.00 |
| Gross Profit | -1.33M | -1.49M | -13.91M | -9.97M | 1.88M | 0.00 |
| EBITDA | -118.67M | -282.64M | -471.54M | -336.80M | -78.93M | 2.27M |
| Net Income | -140.83M | -302.02M | -466.34M | -346.77M | -86.69M | -192.70M |
Balance Sheet | ||||||
| Total Assets | 523.29M | 542.00M | 496.47M | 523.07M | 753.47M | 72.08M |
| Cash, Cash Equivalents and Short-Term Investments | 5.47M | 10.30M | 36.59M | 227.49M | 702.42M | 29.01M |
| Total Debt | 79.16M | 89.99M | 73.44M | 14.61M | 20.65M | 100.13M |
| Total Liabilities | 301.33M | 292.43M | 259.90M | 179.07M | 188.23M | 12.46M |
| Stockholders Equity | 221.96M | 249.58M | 236.57M | 344.00M | 571.86M | 5.00M |
Cash Flow | ||||||
| Free Cash Flow | -201.06M | -318.20M | -497.75M | -437.41M | -114.61M | -193.60M |
| Operating Cash Flow | -169.64M | -251.13M | -400.48M | -300.82M | -107.05M | -171.45M |
| Investing Cash Flow | -31.42M | -67.06M | -66.83M | -162.73M | -7.56M | -22.14M |
| Financing Cash Flow | 194.42M | 288.48M | 290.43M | -11.39M | 787.53M | 205.08M |
Canoo Technical Analysis
Negative
0.05
Price Trends
0.10
Negative
0.11
Negative
Market Momentum
-0.02
Positive
41.05
Neutral
30.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOEVQ, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.10, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.05 is Neutral, neither overbought nor oversold. The STOCH value of 30.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GOEVQ.
Canoo Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | $5.79K | ― | ― | ― | ― | ― | |
44 Neutral | $3.19M | -0.10 | -3734.39% | ― | -9.58% | 86.27% | |
43 Neutral | $1.72M | ― | 308.19% | ― | 5865.42% | 98.16% | |
42 Neutral | $2.06M | -0.31 | ― | ― | -66.16% | 78.81% | |
39 Underperform | $18.61M | -0.37 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
GOEVQ
Canoo
0.01
-0.11
-91.67%
BINI
Bollinger Innovations
0.11
-8,562,501.89
-100.00%
SISI
Shineco
0.31
-41.75
-99.27%
NVVE
Nuvve Holding
0.65
-39.75
-98.40%
VMAR
Vision Marine Technologies
1.87
-254.53
-99.27%
REE
REE Automotive
0.62
-1.89
-75.18%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―