Canoo Inc. (GOEV) is a mobility technology company with a proprietary modular electric vehicle (EV) platform and connected services initially focused on commercial fleet, government, and military applications. With 68,567,495 outstanding shares, Canoo currently has a total value of 2.07 per share. The company’s stock price is currently 2.06 USD, with a 5.64% increase in the past 24 hours. The company’s stock history includes real-time quotes, historical performance, charts, and other financial information to help make more informed trading and investment decisions.
Canoo Inc. has a total of 68,567,495 outstanding shares, with a YTD change of -65.18% and a 12 month change of -85.77%. The company’s stock price has increased by 5.64% in the past 24 hours, with the current price of GOEV at 2.06 USD. The company’s stock price performance can be viewed on the chart, with recent fluctuations ranging from 2.49 to 2.385 USD.
In summary, Canoo Inc. is a mobility technology company with a proprietary EV platform and connected services, with a total value of 2.06 USD.
📹 Why Canoo Could Be a 10x Stock in the Making
Shares of Canoo (NASDAQ: GOEV) have struggled lately as the company runs tight on cash, but there’s potential growth ahead.
Is Canoo undervalued?
The intrinsic value of one GOEV stock under the Base Case scenario is 11.57 USD. Compared to the current market price of 2.15 USD, Canoo Inc is Undervalued by 81%.
Can GOEV survive?
Canoo (GOEV) has substantial doubt about its ability to continue as a going concern. The company brought in revenue of just $886,000 last year while CEO Tony Aquila spent $1.7 million to use his private jet, according to TechCrunch. GOEV stock is down by nearly 50% so far this year.
Canoo needs to raise cash in order to support its operations.
Canoo (NASDAQ:GOEV) stock is plunging lower by about 30% after the electric vehicle (EV) company filed its 2023 Form 10-K, revealing its fourth-quarter and full-year results. For the year, revenue tallied in at just $886,000 compared to $0 in 2022. That was driven by the completion of 22 vehicles, 17 of which were completed in Q4. Cost of revenue was $2.37 million for the year, resulting in a negative gross margin of $1.48 million.
According to TechCrunch, Canoo spent $1.7 million reimbursing Aquila Family Ventures for CEO Tony Aquila to use his private jet. That’s about double the revenue it generated last year. It spent $1.3 million in 2022 and $1.8 million in 2021 for the same purpose.
How low will Canoo go?
The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.79, with a low estimate of 3.00 and a high estimate of 92. The average target predicts an increase of 1,049.28% from the current stock price of 2.07. * Price targets were last updated on May 22, 2024.
GOEV’s stock price has decreased by -86.46% in the past year and price targets may not have had time to catch up.
The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.79, with a low estimate of 3.00 and a high estimate of 92. The average target predicts an increase of 1,083.58% from the current stock price of 2.01.
Analyst Ratings. The average analyst rating for Canoo stock from 6 stock analysts is “Strong Buy”. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Is Canoo a buy stock?
Canoo has a consensus rating of Moderate Buy which is based on 2 buy ratings, 1 hold ratings and 0 sell ratings. What is Canoo’s price target? The average price target for Canoo is $5.00. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Who has invested in Canoo?
Top Institutional HoldersHolderSharesDate ReportedCharles Schwab Investment Management, Inc.248.69kMar 31, 2024Bank Of New York Mellon Corporation183.82kJun 30, 2024Bank of America Corporation172.68kMar 31, 2024State Street Corporation168.89kMar 31, 2024.
Where will Canoo stock be in 5 years?
Canoo stock price stood at $2.07 According to the latest long-term forecast, Canoo price will hit $3 by the end of 2024 and then $5 by the end of 2025. Canoo will rise to $8 within the year of 2026, $10 in 2027, $12 in 2028, $15 in 2030, $17 in 2033 and $20 in 2036.
Canoo stock price stood at $2.01. According to the latest long-term forecast, Canoo price will hit $3 by the end of 2024 and then $5 by the end of 2025. Canoo will rise to $8 within the year of 2026, $10 in 2027, $12 in 2029, $15 in 2031 and $17 in 2034.
Canoo Stock Price Forecast 2024-2025. Canoo price started in 2024 at $0.26. Today, Canoo traded at $2.01, so the price increased by 681% from the beginning of the year. The forecasted Canoo price at the end of 2024 is $3.82 – and the year to year change +1385%. The rise from today to year-end: +90%. In the first half of 2025, the Canoo price will climb to $4.62; in the second half, the price would add $1.39 and close the year at $6.01, which is +199% to the current price.
- Thursday, Aug 1 – $2.02
- Friday, Aug 2 – $2.03
- Monday, Aug 5 – $2.07
- Tuesday, Aug 6 – $2.08
- Wednesday, Aug 7 – $2.09
- Thursday, Aug 8 – $2.10
- August 15 – $2.19
- September 15 – $2.55
- October 15 – $2.91
- November 15 – $3.28
- December 15 – $3.63
- January 15 – $3.89
Is Apple working with Canoo?
Apple held talks with electric vehicle company Canoo in early 2020, but talks ultimately did not move forward. Apple and Canoo discussed several options from an investment to an acquisition as part of Apple’s efforts to further its electric vehicle project.
Apple in 2022 scaled back the Apple Car project, dropping plans for a full self-driving vehicle that requires no user interaction. Instead, Apple aimed for a car with an autonomous mode that would be able to be engaged on highways, but manual driving would be required in other areas. In 2022, Apple dropped all plans for a more radical design without a steering wheel or pedals.
Further changes were made to the Apple Car in 2024, with Apple again scaling back on its plans. Apple is no longer aiming for a full autonomous mode on highways, but instead it will have more limited driver assistance features such as steering and brake/acceleration support. The Apple Car driver will need to remain in control of the car and will have to pay attention to the road.
How much of Canoo does Tony Aquila own?
Tony Aquila Latest Holdings Summary Tony Aquila also owns 2,738,285 shares of Canoo Inc (GOEV) as of November 21, 2022, with a value of $6 Million and a weighting of 15.95%.
The estimated net worth of Tony Aquila is at least $36 Million dollars as of 2024-07-31. Tony Aquila is the President, CEO of Solera Holdings Inc and owns about 549,093 shares of Solera Holdings Inc (SLH) stock worth over $31 Million. Tony Aquila is also the Executive Chairman and CEO, 10% Owner of Canoo Inc and owns about 2,738,285 shares of Canoo Inc (GOEV) stock worth over $6 Million. Details can be seen in Tony Aquila’s Latest Holdings Summary section.
Disclaimer: The insider information is derived from SEC filings. The estimated net worth is based on the assumption that Tony Aquila has not made any transactions after 2022-11-21 and currently still holds the listed stock(s).
Tony Aquila Latest Holdings Summary. Tony Aquila currently owns a total of 2 stocks. Among these stocks, Tony Aquila owns 549,093 shares of Solera Holdings Inc (SLH) as of December 15, 2015, with a value of $31 Million and a weighting of 84.78%. Tony Aquila also owns 2,738,285 shares of Canoo Inc (GOEV) as of November 21, 2022, with a value of $6 Million and a weighting of 15.22%.
What is the Canoo forecast for 2030?
Canoo Holdings Ltd. Stock Prediction 2030. In 2030, the Canoo Holdings Ltd. stock will reach $ 0.183664 if it maintains its current 10-year average growth rate. If this Canoo Holdings Ltd. stock prediction for 2030 materializes, GOEVW stock will grow 264.41% from its current price.
Based on data from July 31, 2024 at 22:49, the general GOEVW stock forecast sentiment is bearish, with 2 technical analysis indicators signaling bullish signals, and 24 signaling bearish signals.
Canoo Holdings Ltd. stock forecast was last updated on July 31, 2024 at 22:49.
What is the stock price prediction for Canoo in 2025?
Canoo Inc. Stock Prediction 2025. The Canoo Inc. stock prediction for 2025 is currently $ 1.52124, assuming that Canoo Inc. shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a -24.69% increase in the GOEV stock price.
Canoo Inc. Stock Prediction 2030. In 2030, the Canoo Inc. stock will reach $ 0.368493 if it maintains its current 10-year average growth rate. If this Canoo Inc. stock prediction for 2030 materializes, GOEV stock will grow -81.76% from its current price.
Based on data from July 31, 2024 at 22:40, the general GOEV stock forecast sentiment is bearish, with 7 technical analysis indicators signaling bullish signals, and 19 signaling bearish signals.
Who is the major investors in Canoo?
Largest shareholders include FSMAX – Fidelity Extended Market Index Fund, SCHA – Schwab U.S. Small-Cap ETF, VCDAX – Vanguard Consumer Discretionary Index Fund Admiral Shares, Vanguard Group Inc, Susquehanna International Group, Llp, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, Susquehanna …
What is the future price of Canoo?
The average one-year price target for Canoo Inc. is $6.99. The forecasts range from a low of $3.03 to a high of $19.42.
📹 Where Will Canoo Stock Price Be in 2024? | GOEV Stock Analysis | GOEV Stock Price Prediction 2024
Canoo is almost ready to ramp up production and begin delivering its EVs to customers. Fool.com contributor and finance …
The company have employed about 100 workers this month and started to deliver vehicles to both Kingbee and the state of Oklahoma. If these are prototype vehicles I don’t know but they are moving in the right direction albeit in small numbers so far. In a span of 10 or 15 years (if not sooner) ICE vehicles will be banned more and more worldwide in one way or another. As of this year Stockholm Sweden for example will ban ICE vehicles in part of the inner city and this is only the beginning of it. It’s a risky move I know, but I’m loading up on GOEV stocks and I won’t be worried if it drops slightly the coming weeks. They are working hard to get the company going and I think it will be a success. I don’t want to be left out when that happens. Knock on wood🇸🇪
I disagree with your oversupply statement they just aquired a ton of equipment from failed companies to help ramp up production according to the news. Their vehicles are already contracted for so they are not supplying anyone who hasnt already purchased them. Also, i feel like they have built a whole new category just a thought.
What intangibles are you applying that would increase share value — this company’ has many — favored tax status in Oklahoma— production sold out to commercial customers through 2025 — placements of vehicles with DOD and NASA that indicate a leading edge in EV tech, customers that believe in the company so much that they prepay orders ? Respectfully, I think (hope) you missed the Canoo here — …