Canoo Inc Performance
| GOEVDelisted Stock | USD 0.16 0.04 33.33% |
The firm shows a Beta (market volatility) of -0.0098, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canoo are expected to decrease at a much lower rate. During the bear market, Canoo is likely to outperform the market. At this point, Canoo Inc has a negative expected return of -4.77%. Please make sure to confirm Canoo's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Canoo Inc performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Canoo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's technical and fundamental indicators remain fairly stable which may send shares a bit higher in April 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 40 M |
Canoo |
Canoo Relative Risk vs. Return Landscape
If you would invest 189.00 in Canoo Inc on December 19, 2024 and sell it today you would lose (173.00) from holding Canoo Inc or give up 91.53% of portfolio value over 90 days. Canoo Inc is currently does not generate positive expected returns and assumes 21.7863% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Canoo, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Canoo Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoo's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Canoo Inc, and traders can use it to determine the average amount a Canoo's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.2189
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Estimated Market Risk
| 21.79 actual daily | 96 96% of assets are less volatile |
Expected Return
| -4.77 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.22 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canoo is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canoo by adding Canoo to a well-diversified portfolio.
Canoo Fundamentals Growth
Canoo Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Canoo, and Canoo fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Canoo Pink Sheet performance.
| Return On Equity | -0.73 | |||
| Return On Asset | -0.25 | |||
| Operating Margin | (48.41) % | |||
| Current Valuation | 91.77 M | |||
| Shares Outstanding | 14.49 M | |||
| Price To Book | 0.03 X | |||
| Price To Sales | 2.88 X | |||
| Revenue | 886 K | |||
| EBITDA | (282.64 M) | |||
| Cash And Equivalents | 36.48 M | |||
| Cash Per Share | 0.13 X | |||
| Total Debt | 89.99 M | |||
| Debt To Equity | 0.14 % | |||
| Book Value Per Share | 2.44 X | |||
| Cash Flow From Operations | (251.13 M) | |||
| Earnings Per Share | (34.40) X | |||
| Total Asset | 542 M | |||
| Retained Earnings | (1.48 B) | |||
About Canoo Performance
Evaluating Canoo's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Canoo has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Canoo has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Canoo Inc performance evaluation
Checking the ongoing alerts about Canoo for important developments is a great way to find new opportunities for your next move. Pink Sheet 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. |
- Analyzing Canoo's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Canoo's stock is overvalued or undervalued compared to its peers.
- Examining Canoo's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Canoo's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canoo's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canoo's pink sheet. These opinions can provide insight into Canoo's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Consideration for investing in Canoo Pink Sheet
If you are still planning to invest in Canoo Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canoo's history and understand the potential risks before investing.
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