Streetbeat News

GOEV

Canoo Inc.

https://www.canoo.com

Industry

Auto - Manufacturers

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.

Open

0.55

Mkt cap

44M

Volume

4.4M

High

0.56

P/E Ratio

-0.08

52-wk high

8.81

Low

0.50

Div yield

N/A

52-wk low

0.37

Several consumer discretionary stocks experienced significant movements in Friday's pre-market session. Wayfair, Phoenix Motor, Fly-E Group, Amazon, Canoo, and Tokyo Lifestyle saw gains, while Visionary Holdings, Ambow Education, Hall Of Fame Resort, Lead Real Estate, BJ's Restaurants, and J-Long Group experienced declines. Notably, Wayfair and Amazon reported Q3 earnings, and BJ's Restaurants also released earnings.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 12:11 pm

Canoo has signed an agreement with the AA to provide premium service and repair for its commercial fleet and government customers in the UK, aiming to enhance customer experience.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:26 am

Canoo has received IVA regulatory certificates for its right-hand drive electric commercial delivery vans in the UK, meeting national technical requirements.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:01 am

The EV sector faced a challenging week with most stocks declining. Tesla's 'We, Robot' event disappointed investors, leading to a 9% stock drop. Lucid exceeded Q3 delivery estimates, while GM revised its battery strategy. XPeng launched a new AI-defined sedan.

Portfolio Pulse from Shanthi Rexaline

October 12, 2024 | 7:45 pm

In Monday's pre-market session, several consumer discretionary stocks experienced significant movements. Kaixin Holdings (KXIN) and ZHONGCHAO (ZCMD) saw substantial gains, while MEDIROM Healthcare Techs (MRM) and Kaival Brands Innovations (KAVL) experienced declines.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 12:06 pm

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

The article highlights unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment is observed for TSLA, AMZN, PDD, DKNG, BABA, CVNA, and DUOL, while bearish sentiment is noted for CPRI and NIO. GOEV shows neutral sentiment.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 5:35 pm

Canoo Inc. (NASDAQ:GOEV) has launched its operations in the UK by establishing Canoo Technologies UK Limited and setting up an Activation Center at Bicester Motion. This move is part of Canoo's global expansion strategy, aiming to enhance its commercial operations and align with the UK's zero-emissions goals. The Activation Center will allow customers to experience Canoo's right-hand drive commercial electric vans.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 5:22 pm

Canoo has launched commercial operations and an activation center in the UK, aiming to capitalize on the strong demand in the light commercial vehicle market.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 11:15 am

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

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