Canoo (NASDAQ:GOEV – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, August 14th. Analysts expect Canoo to post earnings of ($0.89) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Canoo (NASDAQ:GOEV – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($2.20) earnings per share for the quarter, missing the consensus estimate of ($0.97) by ($1.23). During the same quarter last year, the company posted ($3.91) earnings per share. On average, analysts expect Canoo to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Canoo Stock Performance
Shares of GOEV stock opened at $1.55 on Tuesday. Canoo has a 52 week low of $1.22 and a 52 week high of $15.96. The company’s 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.57. The company has a market capitalization of $106.28 million, a P/E ratio of -0.15 and a beta of 1.28.
Insider Activity at Canoo
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Canoo in a report on Wednesday, May 22nd. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of Canoo in a report on Wednesday, May 15th. R. F. Lafferty downgraded Canoo from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Roth Mkm cut their target price on Canoo from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.79.
Get Our Latest Analysis on Canoo
Canoo Company Profile
Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.
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