Canoo Inc Stock Price on May 12, 2024
| GOEV Stock | USD 2.46 0.10 4.24% |
Below is the normalized historical share price chart for Canoo Inc extending back to April 16, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canoo stands at 2.46, as last reported on the 26th of May, with the highest price reaching 2.48 and the lowest price hitting 2.35 during the day.
If you're considering investing in Canoo Stock, it is important to understand the factors that can impact its price. Canoo appears to be extremely dangerous, given 3 months investment horizon. Canoo Inc secures Sharpe Ratio (or Efficiency) of 0.0587, which signifies that the company had a 0.0587% return per unit of risk over the last 3 months. By analyzing Canoo's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please makes use of Canoo's Risk Adjusted Performance of 0.0368, downside deviation of 8.83, and Mean Deviation of 8.15 to double-check if our risk estimates are consistent with your expectations.
At this time, Canoo's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 26.3 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 21.6 K in 2024. . Price Earnings To Growth Ratio is likely to climb to 0.01 in 2024, whereas Price To Sales Ratio is likely to drop 182.87 in 2024. Canoo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of August 2017 | 200 Day MA 5.8578 | 50 Day MA 2.84 | Beta 1.263 |
Canoo |
Sharpe Ratio = 0.0587
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GOEV | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 12.74 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Canoo is performing at about 4% of its full potential. 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 it to a well-diversified portfolio.
Price Book 0.6342 | Enterprise Value Ebitda (0.85) | Price Sales 174.6461 | Shares Float 47 M | Wall Street Target Price 6.86 |
Canoo Main Headline on 10th of May 2024
Penske Stock Barely Moves Since Q1 Earnings Miss by zacks.com
Penske reports lower-than-expected first-quarter results and increases dividend by 10 percent to 96 cents per share.
Canoo Valuation on May 12, 2024
It is possible to determine the worth of Canoo on a given historical date. On May 12, 2024 Canoo was worth 2.53 at the beginning of the trading date compared to the closed value of 2.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canoo stock. Still, in general, we apply an absolute valuation method to find Canoo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canoo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canoo's related companies.
| Open | High | Low | Close | Volume | |
| 2.55 | 2.60 | 2.44 | 2.53 | 2,205,845 | |
05/10/2024 | 2.53 | 2.59 | 2.50 | 2.56 | 2,538,275 |
| 2.63 | 2.88 | 2.63 | 2.72 | 4,863,125 |
| Backtest Canoo | | | Canoo History | | | Canoo Valuation | Previous | Next |
Canoo Trading Date Momentum on May 12, 2024
| On May 13 2024 Canoo Inc was traded for 2.72 at the closing time. The top price for the day was 2.88 and the lowest listed price was 2.63 . The trading volume for the day was 4.9 M. The trading history from May 13, 2024 was a factor to the next trading day price increase. The overall trading delta against the next closing price was 6.25% . The overall trading delta against the current closing price is 6.64% . |
Canoo Inc Fundamentals Correlations and Trends
By evaluating Canoo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canoo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canoo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canoo Stock history
Canoo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canoo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canoo Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canoo stock prices may prove useful in developing a viable investing in Canoo
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 25.1 M | 26.3 M | |
| Net Loss | -438.9 M | -417 M |
Canoo Stock Technical Analysis
Canoo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Canoo Period Price Range
Low | May 10, 2024
| High |
2.53 | 2.56 |
Canoo May 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Canoo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoo shares will generate the highest return on investment. By undertsting and applying Canoo stock market strength indicators, traders can identify Canoo Inc entry and exit signals to maximize returns
Canoo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canoo's price direction in advance. Along with the technical and fundamental analysis of Canoo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canoo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | 0.529 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0619 | |||
| Treynor Ratio | 0.4025 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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 (57.80) | Revenue Per Share 0.027 | Return On Assets (0.30) | Return On Equity (1.48) |
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.