Canoo Inc Stock Buy Hold or Sell Recommendation
| GOEV Stock | USD 0.42 0.03 6.67% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Canoo Inc is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canoo Inc given historical horizon and risk tolerance towards Canoo. When Macroaxis issues a 'buy' or 'sell' recommendation for Canoo Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Canoo Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Canoo and provide practical buy, sell, or hold advice based on investors' constraints. Canoo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Canoo |
Execute Canoo Buy or Sell Advice
The Canoo recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canoo Inc. Macroaxis does not own or have any residual interests in Canoo Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canoo's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Canoo Trading Alerts and Improvement Suggestions
| Canoo Inc generated a negative expected return over the last 90 days | |
| Canoo Inc has high historical volatility and very poor performance | |
| Canoo Inc has some characteristics of a very speculative penny stock | |
| Canoo Inc has a very high chance of going through financial distress in the upcoming years | |
| 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. | |
| The entity reported the previous year's revenue of 886 K. Net Loss for the year was (302.02 M) with profit before overhead, payroll, taxes, and interest of 1.88 M. | |
| 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. | |
| Canoo Inc has a poor financial position based on the latest SEC disclosures | |
| Latest headline from zacks.com: Is Canoo a Buy as Wall Street Analysts Look Optimistic |
Canoo Returns Distribution Density
The distribution of Canoo's historical returns is an attempt to chart the uncertainty of Canoo's future price movements. The chart of the probability distribution of Canoo daily returns describes the distribution of returns around its average expected value. We use Canoo Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canoo returns is essential to provide solid investment advice for Canoo.
| Mean Return | -1.32 | Value At Risk | -16.22 | Potential Upside | 9.18 | Standard Deviation | 8.88 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canoo historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canoo Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Canoo, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Canoo Inc back and forth among themselves.
| Shares | Bank Of America Corp | 2024-06-30 | 203.7 K | Bank Of New York Mellon Corp | 2024-06-30 | 183.8 K | Charles Schwab Investment Management Inc | 2024-09-30 | 164.1 K | Ep Wealth Advisors, Inc. | 2024-09-30 | 100 K | Alliancebernstein L.p. | 2024-06-30 | 98.2 K | Rhumbline Advisers | 2024-06-30 | 71.9 K | Citigroup Inc | 2024-09-30 | 69.3 K | Goldman Sachs Group Inc | 2024-06-30 | 64.5 K | Exoduspoint Capital Management, Lp | 2024-09-30 | 62.2 K | Vanguard Group Inc | 2024-09-30 | 3.9 M | Blackrock Inc | 2024-06-30 | 3.9 M |
Canoo Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 11.5M | 672.9M | (474.9M) | (176.9M) | (29.7M) | (28.2M) | |
| Net Borrowings | 85M | 7.0M | (6.9M) | 138.6M | 159.4M | 167.3M | |
| Depreciation | 4.7M | 7.1M | 8.9M | 11.6M | 13.8M | 8.7M | |
| Capital Expenditures | 22.1M | 7.6M | 136.6M | 97.3M | 67.1M | 62.4M | |
| Net Income | (182.4M) | (89.8M) | (346.8M) | (487.7M) | (302.0M) | (317.1M) | |
| End Period Cash Flow | 29.5M | 702.4M | 227.5M | 50.6M | 10.3M | 9.8M | |
| Change To Netincome | 2.5M | (35.5M) | 6.6M | 67.5M | 77.7M | 81.5M |
Canoo Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canoo or Automobiles sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canoo's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canoo stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -1.5 | |
β | Beta against Dow Jones | 1.46 | |
σ | Overall volatility | 8.98 | |
Ir | Information ratio | -0.16 |
Canoo Volatility Alert
Canoo Inc is displaying above-average volatility over the selected time horizon. Canoo Inc is a potential penny stock. Although Canoo may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Canoo Inc. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Canoo instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Canoo Fundamentals Vs Peers
Comparing Canoo's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canoo's direct or indirect competition across all of the common fundamentals between Canoo and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canoo or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canoo's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canoo to competition |
| Fundamentals | Canoo | Peer Average |
| Return On Equity | -0.73 | -0.31 |
| Return On Asset | -0.25 | -0.14 |
| Operating Margin | (48.41) % | (5.51) % |
| Current Valuation | 129.96 M | 16.62 B |
| Shares Outstanding | 96.78 M | 571.82 M |
| Shares Owned By Insiders | 3.94 % | 10.09 % |
| Shares Owned By Institutions | 21.00 % | 39.21 % |
| Number Of Shares Shorted | 10.75 M | 4.71 M |
| Price To Book | 0.20 X | 9.51 X |
| Price To Sales | 23.36 X | 11.42 X |
| Revenue | 886 K | 9.43 B |
| Gross Profit | 1.88 M | 27.38 B |
| EBITDA | (282.64 M) | 3.9 B |
| Net Income | (302.02 M) | 570.98 M |
| Cash And Equivalents | 36.48 M | 2.7 B |
| Cash Per Share | 0.13 X | 5.01 X |
| Total Debt | 89.99 M | 5.32 B |
| Debt To Equity | 0.14 % | 48.70 % |
| Current Ratio | 0.39 X | 2.16 X |
| Book Value Per Share | 2.44 X | 1.93 K |
| Cash Flow From Operations | (251.13 M) | 971.22 M |
| Short Ratio | 3.54 X | 4.00 X |
| Earnings Per Share | (1.72) X | 3.12 X |
| Target Price | 3.35 | |
| Number Of Employees | 651 | 18.84 K |
| Beta | 1.29 | -0.15 |
| Market Capitalization | 43.55 M | 19.03 B |
| Total Asset | 542 M | 29.47 B |
| Retained Earnings | (1.48 B) | 9.33 B |
| Working Capital | (165.96 M) | 1.48 B |
| Net Asset | 542 M |
Note: Acquisition by Hector Ruiz of 182357 shares of Canoo subject to Rule 16b-3 [view details]
Canoo Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canoo . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 589536.0 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 0.44 | |||
| Day Typical Price | 0.44 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.03) | |||
| Relative Strength Index | 17.68 |
About Canoo Buy or Sell Advice
When is the right time to buy or sell Canoo Inc? Buying financial instruments such as Canoo Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Canoo in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Manufacturing Thematic Idea Now
Manufacturing
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Manufacturing Theme or any other thematic opportunities.
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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.