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Analysis
Canoo Inc. (GOEV)
Canoo Inc. (GOEV)
Ranking:
Buy
Implies positive momentum
Stock Name: Canoo Inc.
Symbol: GOEV
Market Cap: $44M
Industry: Auto - Manufacturers
Sector: Consumer Cyclical
Website: https://www.canoo.com
About Canoo Inc.

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. The company serves to small businesses, independent contractors, tradespeople, utilities, and service technicians Please visit their website for more information.

Overview:
Last Close: $0.5033
52 Week: $0.39-$8.37
MVA50: 0.92
MVA200: 2.78
RSI: 38.60
Buy/Sell*: 40.81
1-Month change: -96.15%
3-Month change: -400.70%
*Proprietary Buy Sell Volume Indicator
Price Chart For GOEV
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $1M
Revenue Growth (YOY): 71.68%
Profit (% of Rev): 80.92%
Income (% of Rev): 365.66%
Income Growth (YOY): -102.91%
Operating Income: $-59M
Operating Cash Flow: $-27M
Operating Cash Flow Growth (YoY): -57.15%
Annual Dividend Yield: 0.00%
Total Assets: $523M
Total Liabilities: $301M
Cash & Equivalent: $2M
Total Debt: $76M
Debt/Equity: 0.34
Quick Ratio: 0.09
Current Ratio: 0.14
Price/Book: 0.35
Price/Earnings: 5.99
EBITDA: $-59M
EPS: 0.041
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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