Canoo Inc Stock Short Ratio
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Canoo Inc fundamentals help investors to digest information that contributes to Canoo's financial success or failures. It also enables traders to predict the movement of Canoo Stock. The fundamental analysis module provides a way to measure Canoo's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canoo stock.
Canoo | Short Ratio |
Canoo Inc Company Short Ratio Analysis
Canoo's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Canoo Short Ratio | 3.54 X |
Most of Canoo's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canoo Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canoo Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Canoo is extremely important. It helps to project a fair market value of Canoo Stock properly, considering its historical fundamentals such as Short Ratio. Since Canoo's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canoo's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canoo's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Canoo Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Canoo Inc has a Short Ratio of 3.54 times. This is 39.38% lower than that of the Automobiles sector and 36.68% higher than that of the Consumer Discretionary industry. The short ratio for all United States stocks is 11.5% higher than that of the company.
Canoo Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canoo's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canoo could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics of similar companies.Canoo is currently under evaluation in short ratio category among its peers.
Canoo Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canoo from analyzing Canoo's financial statements. These drivers represent accounts that assess Canoo's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canoo's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 381.2M | 1.5B | 1.8B | 331.8M | 148.3M | 140.9M | |
| Enterprise Value | 452.3M | 841.0M | 1.5B | 368.7M | 228.0M | 216.6M |
Canoo Institutional Holders
Institutional Holdings refers to the ownership stake in Canoo that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canoo's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canoo's value.| 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 Fundamentals
| Return On Equity | -0.73 | ||||
| Return On Asset | -0.25 | ||||
| Operating Margin | (48.41) % | ||||
| Current Valuation | 129.96 M | ||||
| Shares Outstanding | 96.78 M | ||||
| Shares Owned By Insiders | 3.94 % | ||||
| Shares Owned By Institutions | 21.00 % | ||||
| Number Of Shares Shorted | 10.75 M | ||||
| Price To Book | 0.20 X | ||||
| Price To Sales | 23.36 X | ||||
| Revenue | 886 K | ||||
| Gross Profit | 1.88 M | ||||
| EBITDA | (282.64 M) | ||||
| Net Income | (302.02 M) | ||||
| Cash And Equivalents | 36.48 M | ||||
| Cash Per Share | 0.13 X | ||||
| Total Debt | 89.99 M | ||||
| Debt To Equity | 0.14 % | ||||
| Current Ratio | 0.39 X | ||||
| Book Value Per Share | 2.44 X | ||||
| Cash Flow From Operations | (251.13 M) | ||||
| Short Ratio | 3.54 X | ||||
| Earnings Per Share | (1.72) X | ||||
| Target Price | 3.35 | ||||
| Number Of Employees | 651 | ||||
| Beta | 1.29 | ||||
| Market Capitalization | 43.55 M | ||||
| Total Asset | 542 M | ||||
| Retained Earnings | (1.48 B) | ||||
| Working Capital | (165.96 M) | ||||
| Net Asset | 542 M |
About Canoo Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canoo Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canoo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canoo Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.