Is Canoo Holdings Stock a Good Investment?
Canoo Holdings Investment Advice | GOEVW |
- Examine Canoo Holdings' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Canoo Holdings' leadership team and their track record. Good management can help Canoo Holdings navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact Canoo Holdings' business and its evolving consumer preferences.
- Compare Canoo Holdings' performance and market position to its competitors. Analyze how Canoo Holdings is positioned in terms of product offerings, innovation, and market share.
- Check if Canoo Holdings pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Canoo Holdings' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Canoo Holdings stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Canoo Holdings is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Canoo Holdings Stock
Researching Canoo Holdings' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company had not issued any dividends in recent years.
To determine if Canoo Holdings is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Canoo Holdings' research are outlined below:
| Canoo Holdings generated a negative expected return over the last 90 days | |
| Canoo Holdings has high historical volatility and very poor performance | |
| Canoo Holdings has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 886 K. Net Loss for the year was (302.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canoo Holdings has accumulated about 148.84 M in cash with (251.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.71, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Canoo Holdings has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Canoo Announces Adjournment of Annual Meeting - Yahoo Finance |
Canoo Holdings' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.25 B.Market Cap |
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Canoo Holdings' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.56) | (0.59) | |
| Return On Capital Employed | (0.75) | (0.79) | |
| Return On Assets | (0.56) | (0.59) | |
| Return On Equity | (1.21) | (1.15) |
Determining Canoo Holdings' profitability involves analyzing its financial statements and using various financial metrics to determine if Canoo Holdings is a good buy. For example, gross profit margin measures Canoo Holdings' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Canoo Holdings' profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Canoo Holdings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Canoo Holdings. Check Canoo Holdings' Beneish M Score to see the likelihood of Canoo Holdings' management manipulating its earnings.
Evaluate Canoo Holdings' management efficiency
Canoo Holdings 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 equity (ROE) of (0.7267) %, meaning that it generated substantial loss on money invested by shareholders. Canoo Holdings' management efficiency ratios could be used to measure how well Canoo Holdings 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 Holdings' Non Currrent Assets Other are fairly stable compared to the past year. Asset Turnover is likely to climb to 0 in 2024, whereas Total Assets are likely to drop slightly above 437.7 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 9.96 | 9.46 | |
| Tangible Book Value Per Share | 9.96 | 9.46 | |
| Enterprise Value Over EBITDA | (0.81) | (0.85) | |
| Price Book Value Ratio | 0.59 | 0.56 | |
| Enterprise Value Multiple | (0.81) | (0.85) | |
| Price Fair Value | 0.59 | 0.56 | |
| Enterprise Value | 228 M | 216.6 M |
The leadership approach at Canoo Holdings' fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Beta 1.29 |
Basic technical analysis of Canoo Stock
As of the 28th of November, Canoo Holdings shows the Risk Adjusted Performance of (0.05), mean deviation of 7.61, and Standard Deviation of 9.76. Canoo Holdings 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 Holdings variance and skewness to decide if Canoo Holdings is priced correctly, providing market reflects its regular price of 0.02 per share. As Canoo Holdings appears to be a penny stock we also recommend to validate its jensen alpha numbers.Canoo Holdings' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Canoo Holdings insiders, such as employees or executives, is commonly permitted as long as it does not rely on Canoo Holdings' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Canoo Holdings insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Hector Ruiz over a week ago Disposition of 912 shares by Hector Ruiz of Canoo Holdings at 0.25 subject to Rule 16b-3 | ||
Ramesh Murthy over a month ago Disposition of 992 shares by Ramesh Murthy of Canoo Holdings at 0.7 subject to Rule 16b-3 | ||
Tony Aquila over two months ago Acquisition by Tony Aquila of 5599104 shares of Canoo Holdings at 0.67 subject to Rule 16b-3 | ||
Remarkable Views Consultants Ltd. over three months ago Acquisition by Remarkable Views Consultants Ltd. of 8425278 shares of Canoo Holdings subject to Rule 16b-3 | ||
Ethridge Greg over three months ago Acquisition by Ethridge Greg of 18556 shares of Canoo Holdings subject to Rule 16b-3 | ||
Ramesh Murthy over six months ago Disposition of 1182 shares by Ramesh Murthy of Canoo Holdings at 1.33 subject to Rule 16b-3 |
Understand Canoo Holdings' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Canoo Holdings' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | 1.84 | |||
| Mean Deviation | 7.61 | |||
| Coefficient Of Variation | (1,350) | |||
| Standard Deviation | 9.76 | |||
| Variance | 95.19 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (2.27) | |||
| Treynor Ratio | 1.83 | |||
| Maximum Drawdown | 47.09 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.11 | |||
| Skewness | (0.38) | |||
| Kurtosis | 0.2228 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | 1.84 | |||
| Mean Deviation | 7.61 | |||
| Coefficient Of Variation | (1,350) | |||
| Standard Deviation | 9.76 | |||
| Variance | 95.19 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (2.27) | |||
| Treynor Ratio | 1.83 | |||
| Maximum Drawdown | 47.09 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.11 | |||
| Skewness | (0.38) | |||
| Kurtosis | 0.2228 |
Consider Canoo Holdings' intraday indicators
Canoo Holdings intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Canoo Holdings stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 0.02 | |||
| Day Typical Price | 0.02 | |||
| Price Action Indicator | (0.0009) | |||
| Period Momentum Indicator | (0) | |||
| Relative Strength Index | 43.99 |
Canoo Stock media impact
Far too much social signal, news, headlines, and media speculation about Canoo Holdings that are available to investors today. That information is available publicly through Canoo media outlets and privately through word of mouth or via Canoo internal channels. However, regardless of the origin, that massive amount of Canoo data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Canoo Holdings news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Canoo Holdings relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Canoo Holdings' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Canoo Holdings alpha.
Canoo Holdings Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Canoo Holdings can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Canoo Holdings Historical Investor Sentiment
Investor biases related to Canoo Holdings' public news can be used to forecast risks associated with an investment in Canoo. The trend in average sentiment can be used to explain how an investor holding Canoo can time the market purely based on public headlines and social activities around Canoo Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canoo Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canoo Holdings and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Canoo Holdings news discussions. The higher the estimate score, the more favorable the investor's outlook on Canoo Holdings.
Canoo Holdings Corporate Management
| Peter Savagian | Chief Officer | Profile | |
| Richard Kim | Chief Officer | Profile | |
| Jonathan CFA | Vice Relations | Profile | |
| Tony Aquila | Ex Chairman | Profile | |
| Kunal Bhalla | Capital Development | Profile | |
| Michael Carter | Chief Officer | Profile | |
| Agnes GomesKoizumi | Vice Communications | Profile |
Additional Tools for Canoo Stock Analysis
When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.