Canoo Inc Stock Buy Hold or Sell Recommendation
GOEV Stock | USD 2.82 0.05 1.81% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Canoo Inc is 'Strong Sell'. Macroaxis provides Canoo buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Canoo positions. The advice algorithm takes into account all of Canoo's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Canoo's buy or sell advice are summarized below:
Real Value 2.74 | Target Price 3.11 | Hype Value 2.82 | Market Value 2.82 | Naive Value 3.62 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canoo Inc given historical horizon and risk tolerance towards Canoo. When Macroaxis issues a 'buy' or 'sell' recommendation for Canoo Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Canoo |
Execute Canoo Buy or Sell Advice
The Canoo recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canoo Inc. Macroaxis does not own or have any residual interests in Canoo Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canoo's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Extremely Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Canoo Trading Alerts and Improvement Suggestions
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 a very high chance of going through financial distress in the upcoming years | |
The company 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 profit before overhead, payroll, taxes, and interest of 1.88 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 Inc has a poor financial position based on the latest SEC disclosures | |
Latest headline from zacks.com: Group 1 Q1 Earnings Miss Expectations, Decline YY |
Canoo Returns Distribution Density
The distribution of Canoo's historical returns is an attempt to chart the uncertainty of Canoo's future price movements. The chart of the probability distribution of Canoo daily returns describes the distribution of returns around its average expected value. We use Canoo Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canoo returns is essential to provide solid investment advice for Canoo.
Mean Return | 0.27 | Value At Risk | -15.49 | Potential Upside | 22.66 | Standard Deviation | 13.18 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canoo historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canoo Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Canoo is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canoo Inc backward and forwards among themselves. Canoo's institutional investor refers to the entity that pools money to purchase Canoo's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Jane Street Group, Llc | 2023-12-31 | 1 M | Ep Wealth Advisors, Inc. | 2023-12-31 | 1000 K | Goldman Sachs Group Inc | 2023-12-31 | 940.1 K | Bank Of America Corp | 2023-12-31 | 730.3 K | Group One Trading, Lp | 2023-12-31 | 675.2 K | Amundi | 2023-12-31 | 323.5 K | Barclays Plc | 2023-12-31 | 311.6 K | Hrt Financial Llc | 2023-12-31 | 305.6 K | Millennium Management Llc | 2023-12-31 | 280.3 K | Vanguard Group Inc | 2023-12-31 | 26 M | Infini Capital Management Ltd | 2023-09-30 | 16.7 M |
Canoo Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change In Cash | 11.5M | 672.9M | (474.9M) | (176.9M) | (29.7M) | (28.2M) | |
Net Borrowings | 85M | 7.0M | (6.9M) | 138.6M | 159.4M | 167.3M | |
Depreciation | 4.7M | 7.1M | 8.9M | 11.6M | 13.8M | 8.7M | |
Capital Expenditures | 22.1M | 7.6M | 136.6M | 97.3M | 67.1M | 62.4M | |
Net Income | (182.4M) | (89.8M) | (346.8M) | (487.7M) | (302.0M) | (317.1M) | |
End Period Cash Flow | 29.5M | 702.4M | 227.5M | 50.6M | 10.3M | 9.8M | |
Change To Netincome | 2.5M | (35.5M) | 6.6M | 67.5M | 77.7M | 81.5M |
Canoo Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canoo or Automobiles sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canoo's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canoo stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.18 | |
β | Beta against NYSE Composite | 0.96 | |
σ | Overall volatility | 13.22 | |
Ir | Information ratio | 0.01 |
Canoo Volatility Alert
Canoo Inc is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canoo's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canoo's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Canoo Fundamentals Vs Peers
Comparing Canoo's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canoo's direct or indirect competition across all of the common fundamentals between Canoo and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canoo or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canoo's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Canoo to competition |
Fundamentals | Canoo | Peer Average |
Return On Equity | -1.26 | -0.31 |
Return On Asset | -0.32 | -0.14 |
Operating Margin | (174.27) % | (5.51) % |
Current Valuation | 287.77 M | 16.62 B |
Shares Outstanding | 64.47 M | 571.82 M |
Shares Owned By Insiders | 5.42 % | 10.09 % |
Shares Owned By Institutions | 11.34 % | 39.21 % |
Number Of Shares Shorted | 13.2 M | 4.71 M |
Price To Book | 0.63 X | 9.51 X |
Price To Sales | 174.65 X | 11.42 X |
Revenue | 886 K | 9.43 B |
Gross Profit | 1.88 M | 27.38 B |
EBITDA | (253.98 M) | 3.9 B |
Net Income | (302.02 M) | 570.98 M |
Cash And Equivalents | 36.48 M | 2.7 B |
Cash Per Share | 0.13 X | 5.01 X |
Total Debt | 89.99 M | 5.32 B |
Debt To Equity | 0.14 % | 48.70 % |
Current Ratio | 0.39 X | 2.16 X |
Book Value Per Share | 6.49 X | 1.93 K |
Cash Flow From Operations | (251.13 M) | 971.22 M |
Short Ratio | 0.77 X | 4.00 X |
Earnings Per Share | (12.19) X | 3.12 X |
Target Price | 12.86 | |
Number Of Employees | 651 | 18.84 K |
Beta | 1.24 | -0.15 |
Market Capitalization | 178.59 M | 19.03 B |
Total Asset | 542 M | 29.47 B |
Retained Earnings | (1.48 B) | 9.33 B |
Working Capital | (165.96 M) | 1.48 B |
Net Asset | 542 M |
Note: Sale by Hector Ruiz of 745 shares of Canoo [view details]
Canoo Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canoo . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Canoo Buy or Sell Advice
When is the right time to buy or sell Canoo Inc? Buying financial instruments such as Canoo Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Other Assets | 15.2M | 93.4M | 107.4M | 112.8M | Accounts Payable | 52.3M | 103.2M | 65.3M | 44.9M |
Use Investing Ideas to Build Portfolios
In addition to having Canoo in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Stores Theme or any other thematic opportunities.
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Check out Canoo Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Canoo Stock 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.
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Is Canoo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.19) | Revenue Per Share 0.035 | Return On Assets (0.32) | Return On Equity (1.26) |
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo's market value can be influenced by many factors that don't directly affect Canoo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.