Canoo Inc (GOEV) Stock Price & News - Google Finance (2024)

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HomeGOEV • NASDAQ

Canoo Inc

$1.81

After Hours:

$1.81

(0.00%)0.00

Closed: Jun 20, 7:52:51 PM GMT-4 · USD · NASDAQ · Disclaimer

Key events shows relevant news articles on days with large price movements

Key events shows relevant news articles on days with large price movements

Key events shows relevant news articles on days with large price movements

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In the news

Financials

Income Statement

Revenue

Net income

(USD)Mar 2024info

Fiscal Q1 2024 ended 3/31/24. Reported on 5/14/24.

Y/Y change

Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations

Operating expense

Represents the total incurred expenses through normal operations

62.65M-23.16%

Net income

Company’s earnings for a period net of operating costs, taxes, and interest

-110.69M-21.99%

Net profit margin

Measures how much net income or profit is generated as a percentage of revenue.

Earnings per share

Represents the company's profit divided by the outstanding shares of its common stock.

-1.1371.10%

EBITDA

Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circ*mstances

-59.26M22.99%

Effective tax rate

The percent of their income that a corporation pays in taxes

Total assets

Total liabilities

(USD)Mar 2024info

Fiscal Q1 2024 ended 3/31/24. Reported on 5/14/24.

Y/Y change

Cash and short-term investments

Investments that are relatively liquid and have maturities between 3 months and one year

9.60M8.78%

Total assets

The total amount of assets owned by a company

544.68M11.59%

Total liabilities

Sum of the combined debts a company owes

360.41M52.48%

Total equity

The value of subtracting the total liabilities from the total assets of a company

184.26M

Shares outstanding

Total number of common shares outstanding as of the latest date disclosed in a financial filing

68.57M

Price to book

A ratio used to determine if a company’s market value is in line with the value of its assets less liabilities and preferred stock

0.68

Return on assets

A financial ratio that shows a company’s profitability compared to its assets

-28.83%

Return on capital

Company’s return above the average cost it pays for its debt and equity capital

-46.00%

Net change in cash

(USD)Mar 2024info

Fiscal Q1 2024 ended 3/31/24. Reported on 5/14/24.

Y/Y change

Net income

Company’s earnings for a period net of operating costs, taxes, and interest

-110.69M-21.99%

Cash from operations

Net cash used or generated for core business activities

-47.52M29.30%

Cash from investing

Net cash used or generated in investing activities such as purchasing assets

-4.92M73.30%

Cash from financing

Net cash used or generated in financing activities such as dividend payments and loans

49.78M-11.22%

Net change in cash

The amount by which a company's cash balance increases or decreases in an accounting period

-2.66M91.02%

Free cash flow

Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments

-28.78M60.36%

Stock

Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned

US listed security

Listed on NASDAQ

US headquartered

Headquartered in Torrance, California, United States

Previous close

The last closing price

$1.81

Day range

The range between the high and low prices over the past day

$1.78 - $1.87

Year range

The range between the high and low prices over the past 52 weeks

$1.22 - $19.50

Market cap

A valuation method that multiplies the price of a company's stock by the total number of outstanding shares.

124.11M USD

Avg Volume

The average number of shares traded each day over the past 30 days

4.32M

P/E ratio

The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks

-

Dividend yield

The ratio of annual dividend to current share price that estimates the dividend return of a stock

-

Primary exchange

Listed exchange for this security

NASDAQ

About

Canoo Inc. is an American automotive company based in Torrance, California, that develops and manufactures electric vehicles. Canoo's research & development team is based in Michigan, in the Detroit region, and production operations are in Justin, Texas. The company also plans to produce commercial electric vehicles such as vans for fleet, vehicle rental and ride sharing services. Wikipedia

CEO

Tony Aquila

Founded

2018

Headquarters

Torrance, CaliforniaUnited States

Website

Employees

651

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Canoo Inc (GOEV) Stock Price & News - Google Finance (3)HelpSend feedbackPrivacyTermsDisclaimer

Canoo Inc (GOEV) Stock Price & News - Google Finance (2024)

FAQs

What are the predictions for Canoo stock? ›

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.79, with a low estimate of 3.00 and a high estimate of 92. The average target predicts an increase of 1,113.78% from the current stock price of 1.96. * Price targets were last updated on May 22, 2024.

Is GOEV a strong buy? ›

What is GOEV's upside potential, based on the analysts' average price target? Canoo has 179.41% upside potential, based on the analysts' average price target. Is GOEV a Buy, Sell or Hold? Canoo has a consensus rating of Moderate Buy which is based on 4 buy ratings, 2 hold ratings and 0 sell ratings.

What is going on with Canoo? ›

Slowing demand in the United States and stiff competition from Chinese EV makers in the world's largest auto market has hit demand for companies including Canoo. That has forced several startups to shut shop as investors have also grown cautious, making it difficult to raise more funds.

What is the price target for GOEV in 2025? ›

Long-Term Canoo Inc. Stock Price Predictions
YearPredictionChange
2025$ 1.231301-24.69%
2026$ 0.927279-43.29%
2027$ 0.698324-57.29%
2028$ 0.5259-67.83%
2 more rows

How high can Canoo stock go? ›

The average one-year price target for Canoo Inc. is $6.994. The forecasts range from a low of $3.03 to a high of $19.425. A stock's price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings.

Is Apple going to buy Canoo? ›

Apple held talks with electric vehicle company Canoo in early 2020, but talks ultimately did not move forward. Apple and Canoo discussed several options from an investment to an acquisition as part of Apple's efforts to further its electric vehicle project.

Who is the major investors in Canoo? ›

Largest shareholders include FSMAX - Fidelity Extended Market Index Fund, SCHA - Schwab U.S. Small-Cap ETF, VCDAX - Vanguard Consumer Discretionary Index Fund Admiral Shares, IDRV - iShares Self-Driving EV and Tech ETF, Vanguard Group Inc, Susquehanna International Group, Llp, VTSMX - Vanguard Total Stock Market Index ...

Has Canoo delivered any vehicles? ›

The California-based startup said it has now delivered LDV190 vans to the United States Postal Service, and they're carrying mail in Atlanta.

What is special about Canoo? ›

The company has developed breakthrough Multi-Purpose Platforms and digital ecosystems that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle.

What is the Canoo forecast for 2024? ›

Canoo Stock Price Forecast 2024-2025

The forecasted Canoo price at the end of 2024 is $4.46 - and the year to year change +1634%. The rise from today to year-end: +162%. In the middle of 2024, we expect to see $1.82.

How much are Canoo vehicles? ›

Pricing and Availability

Minimalist, two-seat Delivery examples are expected to start around $35,000 and the Canoo LV Premium will set buyers back approximately $50,000, with the Adventure model priced slightly higher.

What is the Kirkland stock price forecast for 2025? ›

Kirklands stock prediction for 1 year from now: $ 12.45 (611.69%) Kirklands stock forecast for 2025: $ 3.38 (93.44%) Kirklands stock prediction for 2030: $ 91.43 (5,139.78%)

What is the future price of Canoo? ›

Based on short-term price targets offered by seven analysts, the average price target for Canoo Inc. comes to $6.57. The forecasts range from a low of $3.00 to a high of $18.50. The average price target represents an increase of 286.47% from the last closing price of $1.70.

Is Gev a good stock to buy? ›

GE Vernova Inc. has a consensus rating of Moderate Buy which is based on 9 buy ratings, 4 hold ratings and 0 sell ratings. The average price target for GE Vernova Inc. is $175.13. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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