Canoo Inc Stock Analysis

Canoo Stock Analysis Notes

About 21.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.21. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canoo Inc recorded a loss per share of 1.72. The entity had not issued any dividends in recent years. The firm had 1:23 split on the 8th of March 2024. Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California. Canoo operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 805 people. To learn more about Canoo Inc call Anthony Aquila at 424 271 2144 or check out https://www.canoo.com.

Canoo Inc Investment Alerts

Canoo Inc Upcoming and Recent Events

Canoo Largest EPS Surprises

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Canoo Thematic Classifications

Canoo Stock Institutional Investors

Note, although Canoo's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Canoo Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 43.7 M.

Canoo Profitablity

Management Efficiency

Canoo Inc has return on total asset (ROA) of (0.2517) % which means that it has lost $0.2517 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.7267) %, meaning that it created substantial loss on money invested by shareholders. Canoo's management efficiency ratios could be used to measure how well Canoo manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.59 in 2024. Return On Capital Employed is likely to drop to -0.79 in 2024. At this time, Canoo's Other Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to climb to about 100.9 M in 2024, whereas Other Current Assets are likely to drop slightly above 12.9 M in 2024.

Technical Drivers

As of the 22nd of November, Canoo shows the Standard Deviation of 8.87, mean deviation of 5.52, and Risk Adjusted Performance of (0.11). Canoo Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Canoo Inc variance and potential upside to decide if Canoo Inc is priced correctly, providing market reflects its regular price of 0.45 per share. As Canoo Inc is a penny stock we also strongly suggest to validate its jensen alpha numbers.

Canoo Inc Price Movement Analysis

Canoo Inc Insider Trading Activities

Canoo Outstanding Bonds

Canoo Predictive Daily Indicators

Canoo Forecast Models

Canoo's time-series forecasting models are one of many Canoo's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Canoo's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canoo prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Canoo shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Canoo. By using and applying Canoo Stock analysis, traders can create a robust methodology for identifying Canoo entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Canoo analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Canoo analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Canoo Inc stock analysis indicators help investors evaluate how Canoo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Canoo shares will generate the highest return on investment. By understating and applying Canoo stock analysis, traders can identify Canoo position entry and exit signals to maximize returns.

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.