GOEV - Canoo Inc.
After hours:
| Previous Close | 0.5718 |
| Open | 0.5800 |
| Bid | 0.5920 x 3000 |
| Ask | 0.5950 x 1000 |
| Day's Range | 0.5740 - 0.6318 |
| 52 Week Range | 0.5030 - 5.0000 |
| Volume | |
| Avg. Volume | 17,747,782 |
| Market Cap | 298.168M |
| Beta (5Y Monthly) | 1.21 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.3800 |
| Earnings Date | Aug 07, 2023 - Aug 11, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 3.66 |
Motley FoolWhy Canoo Stock Is Sinking Again Today
Canoo (NASDAQ: GOEV) stock is seeing significant sell-offs in Wednesday's trading. The electric vehicle (EV) company's share price was down roughly 6.3% in the daily session as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. While there wasn't any fresh news directly related to Canoo's business, recent earnings results from another player in the EV space suggest that demand may be weakening in the market.
ZacksThe Zacks Analyst Blog Highlights Li Auto, Stellantis, General Motors, Lightning eMotors and Canoo
Li Auto, Stellantis, General Motors, Lightning eMotors and Canoo are included in this Analyst Blog.
Motley FoolBest Stock to Buy: Canoo vs. QuantumScape
Fool.com contributor and finance professor Parkev Tatevosian picks his favorite between Canoo (NASDAQ: GOEV) and QuantumScape (NYSE: QS) stocks. *Stock prices used were the afternoon prices of May 19, 2023.
Motley FoolThe Biggest Warning Sign Canoo Investors Need to Know
Canoo (NASDAQ: GOEV) is facing a serious liquidity crunch. The electric vehicle start-up recently raised capital with the sale of debt that could trigger a massive monthly cash expense for the company, based on something completely out of management's control.
Motley FoolWhy Canoo Shares Jumped Friday
Specialty electric-vehicle (EV) maker Canoo (NASDAQ: GOEV) hasn't yet begun to produce and sell its lifestyle and multipurpose EVs, but it says it has strong demand for its products. Late yesterday, however, the company posted a tweet that suggested it has a new customer for its multipurpose delivery vehicle (MPDV). As of 12:05 p.m. ET on Friday, Canoo shares were still higher by 3.3%.
Motley FoolWhy Electric Vehicle Stock Canoo Zoomed Ahead Today
The most recent signs -- not to mention insider sentiment -- point to good times ahead for next-generation vehicle manufacturers.
Motley FoolWhy Canoo Stock Popped 22% Early Today
Shares of Canoo (NASDAQ: GOEV) took off Tuesday morning, rising as much as 21.8% by 9:42 a.m. ET before giving up some of those gains. Canoo, which went public in 2020 via a merger with a special purpose acquisition company, is building electric vehicles with a mission to "bring EVs to everyone." As of the end of the fourth quarter, Canoo claimed to have bagged total orders worth $2.8 billion.
- Reuters
UPDATE 1-EV startup Arrival's cash and equivalents slump at end of first quarter
British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents at the end of March, down nearly 37% from the end of December. Arrival's U.S.-listed shares were down 2.3% at $2.16 in trading after the bell. The transaction would allow Arrival to access up to $283 million of cash "held in trust" for building its Charlotte, North Carolina factory and for developing its XL Van, Arrival said on Monday.
Motley FoolIf You Invested $1,000 in Canoo When It Came Public, This Is How Much You Would Have Today
Canoo is an electric vehicle company that came public via a SPAC merger, and it's been a rough ride for investors since that point.
Motley FoolIs Canoo Stock a Buy?
The small electric vehicle (EV) start-up Canoo (NASDAQ: GOEV) went public in the final days of 2020 when the market was booming and investors generally assumed EVs couldn't lose. While the S&P 500 has gained 12% since then, Canoo's stock has plummeted 95%. All start-ups need tons of cash before they can stand on their own two feet, but Canoo's financial picture seems precarious even by these standards.
Motley FoolWhy Electric Vehicle Stocks Canoo and Fisker Zoomed Higher Today
Shares of niche electric vehicle (EV) companies Canoo (NASDAQ: GOEV) and Fisker (NYSE: FSR) zoomed ahead on Tuesday. Canoo's share price motored ahead by 6.5% for the day and Fisker's gained nearly 9%, while the S&P 500 index sputtered to a 1.6% decline. The big carmaker reporting results was ever-influential General Motors (NYSE: GM), which notched a massive beat on the bottom line in the first quarter and raised its full-year guidance.
Motley FoolThe EV Market Is Accelerating, but Canoo Stock Could Be Left Behind
Canoo (NASDAQ: GOEV), which is working on multiple EV models, has some grand plans for the EV market, but there are three reasons why this electric vehicle maker could miss out on the industry's growth over the next few years. One of the biggest problems facing Canoo right now is the company's lack of production. While Canoo went public back in 2020, it wasn't until just a few months ago that the company delivered its first-ever vehicle to a customer.
Motley FoolWhy Canoo Stock Zoomed Ahead This Week
According to data compiled by S&P Global Market Intelligence, Canoo (NASDAQ: GOEV) stock was a winner this week, surging more than 28% higher over the period. Canoo certainly got the week off to a roaring start, announcing on Monday that it had signed a long-term lease with affiliated entity AFV Partners for a factory located in Oklahoma City. Canoo said it can support a wide range of vehicle-making functions including robotic assembly, and paint and body shops.
Motley FoolWhy Shares of Canoo Were Volatile Today
The share price of the electric vehicle (EV) company Canoo (NASDAQ: GOEV) rose quickly this morning on no company-specific news. Instead, investors may be digesting the latest details from the U.S. Environmental Protection Agency's (EPA) push to boost electric vehicle sales. The Biden administration released more information today about its plan to reduce emissions and increase EV adoption in the U.S. over the next several years.
Motley FoolWhy Nio, Canoo, and Lucid Stocks All Popped Today
Tuesday is looking great for car stocks, as news of a surprise earnings beat from CarMax lifted investor hopes for brighter days ahead for EV stocks Lucid Group (NASDAQ: LCID), Nio (NYSE: NIO), and Canoo (NASDAQ: GOEV) -- which were up 4.6%, 5.1%, and 6.2% respectively, as of 11:55 a.m. ET. This morning, the used-car superstore announced an astonishing earnings beat, with earnings coming in at a strong $0.44 per share instead of the $0.24 that investors expected. CarMax earned more than expected despite sales being only $5.7 billion (instead of the $6 billion that was expected, according to forecasts from The Fly).
Motley FoolWhy Shares of EV Maker Canoo Rose but Then Fell Monday
Start-up electric vehicle (EV) maker Canoo (NASDAQ: GOEV) provided two bits of news to start the week, and investors initially pushed the stock higher as a result. The good news from the company was that it now has a long-term lease agreement for a manufacturing facility in Oklahoma. The company had previously said it was looking to locate its factory in the state, and now has a 10-year lease agreement for the plant.
Motley FoolWhy Rivian and Other EV Stocks Dropped Last Month
Several electric vehicle (EV) start-up stocks dropped enough in March to approach or hit all-time lows. For the full month, Rivian, Lucid, and Canoo stocks were down 19.8%, 11.9%, and 12.8%, respectively, according to data provided by S&P Global Market Intelligence. Taking out the moves on that first day shows that most of Rivian's monthly loss actually occurred on March 1.
Motley FoolWhy Canoo, Plug Power, and Enphase Energy Plummeted This Week
Between some concerning economic data and a poorly received performance update from Tesla, it was a bad week for EV and energy tech stocks.
Motley FoolWhy Canoo Stock Tapped the Brakes Today
Shares of electric automaker Canoo (NASDAQ: GOEV) were sliding today, likely on several pieces of news. First, an analyst cut the company's price target yesterday. Additionally, investors may be getting nervous about the state of the auto industry, as GM announced today that 5,000 of its salaried workers accepted buyouts.
Motley FoolWhy Canoo, QuantumScape, and Lucid Group Stocks Dropped Today
Tesla's price war doesn't seem to be working out entirely as planned -- for Tesla or for anyone else, either.
Yahoo FinanceStocks moving in after-hours: Nikola, Canoo, Virgin Orbit, Rumble
Here are some of today's after-hours movers.
Yahoo Finance VideoStocks moving in after hours: Nikola, Canoo, Rumble
Yahoo Finance Live co-host Seana Smith checks out several stocks trending in the after-hours trading session.
Motley FoolProceed With Caution When Considering These 5 Ultra-Popular Stocks
It's been a rough time in the stock market over the past year and even good companies with lots of long-term potential experienced massive share price sell-offs right alongside not-so-great companies. You wouldn't know Carvana's business is stuck grinding its gears by looking at the company's 72% year-to-date share price rise.
Motley FoolWhy Canoo, Nikola, and Lordstown Motors Are Falling Today
Shares of electric vehicle companies Canoo (NASDAQ: GOEV), Nikola (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) were tumbling today after an analyst made comments yesterday indicating that price drops for EVs could be the new normal. EV stock investors may also be on edge as the Federal Reserve meets today to decide on how it will proceed with interest rate increases to fight inflation. As a result of all of this news, Canoo's shares were down 6.1%, Nikola had fallen 3.7%, and Lordstown's stock dropped 5.3% as of 11:32 a.m. ET.