Canoo Holdings Ltd (GOEVW:NSD) STA Research assigns a Speculative Buy, $1.25 price target

STA Research assigns a Speculative Buy rating on Canoo Holdings Ltd with a 12 month target price of $1.25 per share on the stock.

Based on the Canoo Holdings Ltd stock (goevw stock) forecasts from 0 analysts, the average analyst target price for Canoo Holdings Ltd (goevw stock) is not available over the next 12 months. Canoo Holdings Ltd.’s (goevw stock) average analyst rating is. Stock Target Advisor’s own stock analysis of Canoo Holdings Ltd (goevw stock) is Very Bearish, which is based on 0 positive signals and 1 negative signal. At the last closing, Canoo Holdings Ltd.’s stock price was USD 0.34. Canoo Holdings Ltd.’s stock price has changed by +0.04% over the past week, -0.09% over the past month and -86.66% over the last year.

Canoo Inc., (goevw stock) a firm that specializes in mobility technology, develops and produces electric vehicles for sale in the consumer and commercial markets in the United States. Using skateboard architectural technology, the company provides delivery cars for business-to-business (B2B) customers, as well as lifestyle vehicles and sports vehicles. Retailers, major enterprises, logistics companies, fleet managers, and other customers are among the types of clients that it serves. EVelozcity Holdings Ltd. was the previous name of this business. Canoo Inc. (goevw stock) was established in 2017 and currently has its headquarters in the city of Torrance in the state of California.

What to like:

There is no fundamental attribute that we can detect on the stock that would warrant a positive outlook. The stock is a pure speculative play!

What to not like:
Negative cashflow

The company had negative total cash flow in the most recent four quarters.