Canoo Inc Stock Chance of Future Pink Sheet Price Finishing Under 0.39
| GOEV Stock | USD 0.16 0.04 33.33% |
Canoo |
Canoo Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Canoo for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canoo Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canoo Inc is not yet fully synchronised with the market data | |
| 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. Debt can assist Canoo until it has trouble settling it off, either with new capital or with free cash flow. So, Canoo's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoo to invest in growth at high rates of return. When we think about Canoo's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 886 K. Net Loss for the year was (302.02 M) with loss before overhead, payroll, taxes, and interest of (1.62 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 Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Canoo Pink Sheet often depends not only on the future outlook of the current and potential Canoo's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Canoo's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.1 M | |
| Cash And Short Term Investments | 10.3 M |
Canoo Technical Analysis
Canoo's future price can be derived by breaking down and analyzing its technical indicators over time. Canoo Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canoo Inc. In general, you should focus on analyzing Canoo Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Canoo Predictive Forecast Models
Canoo's time-series forecasting models is one of many Canoo's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Canoo Inc
Checking the ongoing alerts about Canoo for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canoo Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canoo Inc is not yet fully synchronised with the market data | |
| 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. Debt can assist Canoo until it has trouble settling it off, either with new capital or with free cash flow. So, Canoo's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoo to invest in growth at high rates of return. When we think about Canoo's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 886 K. Net Loss for the year was (302.02 M) with loss before overhead, payroll, taxes, and interest of (1.62 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. |
Additional Tools for Canoo Pink Sheet 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.