Canoo Holdings Stock Buy Hold or Sell Recommendation
| GOEVW Stock | USD 0.07 0 3.35% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Canoo Holdings is 'Strong Sell'. Macroaxis provides Canoo Holdings buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GOEVW positions. The advice algorithm takes into account all of Canoo Holdings' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Canoo Holdings' buy or sell advice are summarized below:
Real Value 0.0637 | Hype Value 0.07 | Market Value 0.074 | Naive Value 0.0687 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canoo Holdings given historical horizon and risk tolerance towards Canoo Holdings. When Macroaxis issues a 'buy' or 'sell' recommendation for Canoo Holdings, the advice is generated through an automated system that utilizes algorithms and statistical models.
Canoo |
Execute Canoo Holdings 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 Holdings. Macroaxis does not own or have any residual interests in Canoo Holdings or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canoo Holdings' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Out of control | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Canoo Holdings Trading Alerts and Improvement Suggestions
| Canoo Holdings is way too risky over 90 days horizon | |
| Canoo Holdings has some characteristics of a very speculative penny stock | |
| Canoo Holdings appears to be risky and price may revert if volatility continues | |
| 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. | |
| Latest headline from news.google.com: Wall Street Analysts Think Canoo Is a Good Investment Is It - Yahoo Finance |
Canoo Holdings Returns Distribution Density
The distribution of Canoo Holdings' historical returns is an attempt to chart the uncertainty of Canoo Holdings' future price movements. The chart of the probability distribution of Canoo Holdings daily returns describes the distribution of returns around its average expected value. We use Canoo Holdings price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canoo Holdings returns is essential to provide solid investment advice for Canoo Holdings.
| Mean Return | 0.55 | Value At Risk | -15.26 | Potential Upside | 23.59 | Standard Deviation | 12.30 |
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 Holdings 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 Holdings 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 Holdings or Metals & Mining 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 Holdings' 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 | 0.48 | |
β | Beta against NYSE Composite | 0.83 | |
σ | Overall volatility | 12.48 | |
Ir | Information ratio | 0.04 |
Canoo Holdings Volatility Alert
Canoo Holdings is showing large volatility of returns over the selected time horizon. Canoo Holdings is a penny stock. Although Canoo Holdings may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Canoo Holdings. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Canoo instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Canoo Holdings Fundamentals Vs Peers
Comparing Canoo Holdings' 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 Holdings' direct or indirect competition across all of the common fundamentals between Canoo Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canoo Holdings or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canoo Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Canoo Holdings by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canoo Holdings to competition |
| Fundamentals | Canoo Holdings | Peer Average |
| Return On Equity | -1.26 | -0.31 |
| Return On Asset | -0.32 | -0.14 |
| Operating Margin | (174.27) % | (5.51) % |
| Number Of Shares Shorted | 12.84 K | 4.71 M |
| Revenue | 886 K | 9.43 B |
| EBITDA | (253.98 M) | 3.9 B |
| Net Income | (302.02 M) | 570.98 M |
| Cash And Equivalents | 148.84 M | 2.7 B |
| Cash Per Share | 5.71 X | 5.01 X |
| Total Debt | 89.99 M | 5.32 B |
| Debt To Equity | 0.13 % | 48.70 % |
| Current Ratio | 10.22 X | 2.16 X |
| Book Value Per Share | 6.49 X | 1.93 K |
| Cash Flow From Operations | (251.13 M) | 971.22 M |
| Number Of Employees | 651 | 18.84 K |
| Beta | 1.26 | -0.15 |
| Market Capitalization | 2.25 B | 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: Disposition of 1182 shares by Ramesh Murthy of Canoo Holdings at 1.33 subject to Rule 16b-3 [view details]
Canoo Holdings 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.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 0.074 | |||
| Day Typical Price | 0.074 | |||
| Price Action Indicator | 0.0012 | |||
| Period Momentum Indicator | 0.0024 |
About Canoo Holdings Buy or Sell Advice
When is the right time to buy or sell Canoo Holdings? 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.
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In addition to having Canoo Holdings 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?
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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 Almost Nothing Theme or any other thematic opportunities.
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Check out Canoo Holdings 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. For more information on how to buy Canoo Stock please use our How to Invest in Canoo Holdings guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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.
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Is Canoo Holdings' 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 Holdings. 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 Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Canoo Holdings 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 Holdings' value that differs from its market value or its book value, called intrinsic value, which is Canoo Holdings' 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 Holdings' market value can be influenced by many factors that don't directly affect Canoo Holdings' 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 Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo Holdings' 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.