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

Tesla faced potential Q1 delivery misses and a production halt at its Berlin factory due to suspected arson, impacting its stock. Rivian saw a surge in pre-orders for its new R2 model. Nio is launching a Model Y rival with lower costs. Ford struggles with EV transition, focusing on hybrids. Lucid's price target was halved by RBC. The KraneShares Electric Vehicles ETF fell 3.68% for the week.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 2:16 pm

Trading for GOEV was halted and then resumed at 8:55 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:55 pm

Trading for GOEV was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 12:50 am

Canoo has announced a 1-for-23 reverse stock split effective March 8, 2024. The company's common stock will continue to trade on The Nasdaq Capital Market under the ticker symbol 'GOEV' on a split-adjusted basis starting March 8, 2024. The new CUSIP number for Canoo's Common Stock will be 13803R201.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:07 am

Electric vehicle stocks saw gains, with Tesla closing above $200 for the first time since mid-February. Key events included Tesla's Roadster update and Model Y price cut reversion, Apple shelving its self-driving car project, Fisker seeking partnerships to stay afloat, Biden's administration blocking Chinese EVs due to security risks, and Canoo's shareholder approval for a reverse stock split. The KraneShares Electric Vehicles ETF also saw a weekly increase.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 2:21 pm

This week in the EV sector, bearish sentiment surrounded Tesla, with its stock underperforming due to a double miss in Q3 2023 earnings and price adjustments. Rivian and Lucid faced production challenges and disappointing earnings, while Ford paused F-150 Lightning shipments. Nio is testing humanoid robots for production efficiency, and Volvo plans to cut its stake in Polestar. The KraneShares Electric Vehicles ETF saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 24, 2024 | 3:17 pm

Canoo (NYSE:GOEV) has seen a significant decrease in short interest, with a 34.36% drop since the last report, representing 10.2% of its float. The current short interest stands at 96.24 million shares. This decrease in short interest could indicate a more bullish sentiment towards Canoo, contrasting with the average short interest of its peers at 9.87%. Short interest is a key indicator of market sentiment, and a decrease suggests that investors may be becoming more optimistic about the company's future performance.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

This week in the EV sector, Tesla faced a court verdict invalidating Elon Musk's compensation plan and recalled 2.2 million vehicles. Ford reported a decline in EV sales, while Lucid's stock surged 25% on positive news. Canoo expanded its fleet with Zeeba, and Arrival was delisted from Nasdaq. The KraneShares EV ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 1:40 pm

Canoo Inc. (NASDAQ:GOEV) shares dropped over 11% after a recent surge, following announcements of a U.S. Postal Service purchase and a successful addition of EVs to Zeeba's fleet. The U.S. Postal Service will buy six LDV 190s for delivery in Q1 2024, and Zeeba has added Canoo EVs to its fleet under an existing agreement for 5,450 vehicles. Canoo's stock had previously gained over 30% after these announcements.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 8:45 pm

Canoo Inc. (NASDAQ:GOEV) has begun delivering electric vehicles to Zeeba, fulfilling part of a 5,450-unit fleet agreement from October 2022. Canoo's CEO highlighted the deal's role in commercial fleet electrification, noting Zeeba's revenue growth and client backlog. Despite a Q3 adjusted net loss of $46.1 million, Canoo's stock rose 13.3% on the news, with a slight after-hours decline.

Portfolio Pulse from Anan Ashraf

February 01, 2024 | 5:47 am

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