Canoo (GOEV) Stock Price

$0.37 0%

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AI Score

Sell
  • Alternative

    2
  • Fundamental

    7
  • Technical

    2

Our AI score evaluates a company's performance on a scale from 0 to 10 by analyzing alternative data points — web traffic, app downloads, job postings, etc - along with financial health and technical signals. Scores below 4 project bearish performance, while scores above 6 project bullish performance.

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GOEV AI Stock Analysis

Financial Performance

Canoo's financial performance is concerning. The company reported a revenue of $605K last quarter, which remained unchanged from the previous quarter. Their gross profit was -$4.6M, showing a significant drop by -35.8% from the previous quarter and an alarming decline by -1099% year over year. Their operating income also showed a loss at -$43.2M but it improved by 31.1% from the previous quarter and increased by 11.4% year over year which might indicate some cost efficiencies being implemented.

The EBITDA ratio of -65.83, PE ratio of -0.07 and EPS of -6.10 all indicate poor profitability and earnings potential.

Stock Price

The stock price has seen a significant downtrend with the current trading price at $0.4, down by -57.9% in the last month and down by -93.3% year over year compared to its 200-day moving average at $2.15 indicating bearish sentiment in the market for this stock.

The RSI value is currently at 15.12 suggesting that the stock is strongly oversold which could potentially indicate a reversal or further downside depending on other factors.

Alternative Data Signals

In terms of alternative data signals, Canoo's web traffic has decreased significantly with estimated visitors per month down by -16.7%, reflecting reduced interest in their products or services.

The job openings have slightly decreased as well indicating possible cost cutting measures or lack of expansion plans.The business outlook among employees is very negative with only an estimated 16% reporting positive sentiments about their future prospects within the company.

On the other hand, Canoo's social media following has shown mixed results with a growth in Twitter and Facebook followers but a slight decline on Instagram.

Conclusion

In conclusion, based on the financial performance, stock price trends and alternative data signals, the analysis for Canoo's stock is bearish. While there are some positive signs such as increased social media following and improved operating income, these are overshadowed by poor financial performance overall and negative sentiment among employees.

Note: This AI Stock Analysis is based on data as of November 06. Our members can refresh and get access to an up-to-date AI stock analysis.

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Canoo (GOEV) Price Prediction

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Canoo (GOEV), currently trading at $0.37, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.

About GOEV

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GOEV Alternative Data

Web Traffic

Canoo receives an estimated 112924 monthly visitors to canoo.com.

  • Web Traffic

    112924

  • Change from Previous Month

    38%

  • 3 Month Change

    13%

  • YoY Change

    13%

News Mentions

Canoo was mentioned 0 times in the news yesterday.

  • News Mentions

    0

  • Daily Change

    0%

  • 1 Month Change

    100%

  • 3 Month Change

    100%

Twitter Followers

Canoo has 38,536 Twitter Followers on its main Twitter (also known as X) account, which is down by -0.9% over the last month.

  • Twitter Followers

    38536

  • Daily Change

    0%

  • 1 Month Change

    0.9%

  • 3 Month Change

    2.3%

  • YoY Change

    2.3%

Facebook Engagement

Canoo has engaged 29 users via their Facebook Page over the last 7 days.

  • Facebook Engagement

    29

  • Daily Change

    19.4%

  • 1 Month Change

    61.1%

  • 3 Month Change

    190%

  • YoY Change

    190%

Instagram Followers

Canoo has 105,381 Instagram Followers on its main Instagram, down by -0.7% over the last month.

  • Instagram Followers

    105381

  • Daily Change

    0%

  • 1 Month Change

    0.7%

  • 3 Month Change

    1.5%

  • YoY Change

    1.5%

Youtube Subscribers

Canoo has 36,900 subscribers on its main Youtube channel, down by -0.3% over the last month.

  • Youtube Subscribers

    36900

  • Daily Change

    0%

  • 1 Month Change

    0.3%

  • 3 Month Change

    0.5%

  • YoY Change

    0.5%

LinkedIn Followers

123,863 are following Canoo on LinkedIn, up by 0.3% over the last month.

  • LinkedIn Followers

    123863

  • Daily Change

    0%

  • 1 Month Change

    0.3%

  • 3 Month Change

    0.8%

Job Postings

Canoo has an estimated 68 open job postings, which is down -6.8% over the last month.

  • Job Postings

    68

  • Daily Change

    0%

  • 1 Month Change

    6.8%

  • 3 Month Change

    11.7%

  • YoY Change

    11.7%

LinkedIn Employees

According to LinkedIn, Canoo has 363 employees, down by -16.9% over the last month.

  • LinkedIn Employees

    363

  • Daily Change

    0.5%

  • 1 Month Change

    16.9%

  • 3 Month Change

    27.7%

  • YoY Change

    27.7%

Business Outlook
  • Business Outlook

    16

  • Change from Previous Month

    11.1%

  • 3 Month Change

    0%

  • YoY Change

    0%

GOEV Financials

GOEV Key Metrics
  • Total Revenue

    $891K

  • Net Income

    $3.3M

  • Earnings per Share

    $0.0255

  • Free cash flow

    -$29.3M

  • EBITDA

    $9.4M

  • EBITDA Ratio

    10.5589

  • Total Assets

    $523.3M

GOEV 2-year Revenue & Income
GOEV 2-year Free Cash Flow

GOEV Technicals

GOEV SMA
GOEV RSI

FAQ

What's the current price of Canoo (GOEV) Stock?
The price of an Canoo (GOEV) share is $0.37.

What's the market cap of Canoo?
The current market cap of Canoo is 5.4M.

Should I buy or sell GOEV?
Canoo exhibits several negative alternative data signals, leading us to expect continued underperformance in the coming months. As a result, we maintain a negative outlook on this stock.

Is Canoo a good investment?
Considering the fundamentals, technical analysis, and alternative data insights, it may not be the best time to invest in Canoo stock. There are several bearish signals and market challenges that could negatively impact Canoo's future performance, suggesting that caution should be exercised before making any investment decisions.

Is now a good time to buy Canoo (GOEV) Stock?
Based on an analysis that includes fundamentals, technical analysis, and alternative data insights, it may not be the best time to buy Canoo stock right now, as the outlook appears bearish.

What are some stocks similar to Canoo (GOEV) that investors often compare it to?
Canoo (GOEV) is often compared to similar stocks such as Tesla, Workhorse Group, Lucid Motors, Rivian and Faraday Future.

What is the forecast for Canoo's stock price in 2026?
Using a mix of financial analysis, technical indicators, and alternative data, we forecast Canoo's stock price to be around $0.335 in 2026. Starting from the current price of $0.37, this represents a 9.5% change in price, indicating a bearish outlook for the stock.

How to buy Canoo (GOEV) Stock?
Canoo stock is available for purchase through numerous brokerage firms, including online platforms. Investors can also buy Canoo shares via trading apps on their smartphones or by utilizing services like robo-advisors for automated investing.