Canoo: Positive News Isn't Enough [Seeking Alpha]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Seeking Alpha
GOEV stock plunged following a reverse split, but snapped back after the U.S. Department of Transportation approved the Oklahoma City facility as a FTZ. Canoo entered Q4'23 with an effective cash balance of only $53.3 million and will need to constantly dilute shareholders to fund ongoing operating losses in the EV manufacturing ramp phase. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More » The electric vehicle ("EV") sector has gotten crushed in the last year, and Canoo Inc. NASDAQ: GOEV ) stock has been no exception. The company has generated a lot of positive news since reporting the Q3 '23 earnings report , sending the stock soaring to end last week, but the mobility company lacks the cash on hand to reward shareholders. My investment thesis is more Neutral on the stock following the bounce off the reverse split lows. Positive News Flow Canoo went public via a SPAC, similar to a lot of other EV companies, and the com
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GOEV
News
- Canoo Inc. (NASDAQ: GOEV) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- Why Canoo Inc. (GOEV) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Canoo (GOEV) Partners With Red Sea Global to Expand Footprint [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts See Canoo (GOEV) as a Buy: Should You Invest? [Yahoo! Finance]Yahoo! Finance
- Canoo Further Expands its International Market Presence through the Red Sea Global Partnership in the Kingdom of Saudi Arabia [Yahoo! Finance]Yahoo! Finance
GOEV
Earnings
- 4/1/24 - Beat
GOEV
Sec Filings
- 4/16/24 - Form SC
- 4/16/24 - Form 4
- 4/12/24 - Form S-8
- GOEV's page on the SEC website