Based on the GOEV Stock Forecast from 4 analysts, the average analyst Canoo stock price target is USD 8.13 over the next 12 months. Canoo Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of GOEV stock forecast is Bearish, which is based on 1 positive signal and 5 negative signals. At the last closing, Canoo stock price was USD 1.45. Canoo stock price has changed by +0.08% over the past week, -1.06% over the past month and -79.46% over the last year.
About Canoo Inc. (GOEV:NSD):
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles. The company serves to small businesses, independent contractors, tradespeople, utilities, and service technicians. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.
What we like:
The annual returns for GOEV stock have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
What we don’t like:
Poor risk adjusted returns:
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.
Below median dividend returns:
The average income yield of GOEV stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to book value:
GOEV stock is trading high compared to its peers median on a price to book value basis.
The company had negative total cash flow in the most recent four quarters.
Negative free cash flow:
The company had negative total free cash flow in the most recent four quarters.