Canoo: There Is A Glimpse Of Hope But Hold [Seeking Alpha]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Seeking Alpha
The company recently implemented a share split to comply with listing requirements, but investor confidence remains low. Despite challenges, Canoo has promising aspects such as new board appointments, recent financial milestones, and asset acquisitions, but solvency remains a concern. Investment Thesis Canoo Inc. ( NASDAQ: GOEV ) is a mobility tech company that engages in electric vehicles for commercial and consumer usage in the US. The company has been registering awful performance, with its shares plummeting by more than 99% over the last three years and underperforming the S&P 500 by a margin of about 133%. This poor performance has resulted in some abrupt decisions such as the most recent share split which, although it was geared towards remaining compliant with listing requirements, could result in a further decline due to lack of investor confidence. Despite the risk and uncertainty surrounding the share split, the company has some promising aspects that I believe coul
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High impacting Canoo Inc. - Class A news events
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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