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

0.41

Mkt cap

36M

Volume

5.3M

High

0.43

P/E Ratio

-0.07

52-wk high

8.81

Low

0.40

Div yield

N/A

52-wk low

0.37

In Tuesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Gainers included ZHONGCHAO, BurgerFi International, Cango, Uxin, PENN Entertainment, and PulteGroup, with PulteGroup's rise attributed to Q1 earnings release. Losers comprised Secoo Holding, Selina Hospitality, MGO Global, LKQ, Canoo, and Sabre, with LKQ's drop also linked to its Q1 earnings announcement.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 12:06 pm

In Monday's after-market session, 12 consumer discretionary stocks saw significant movements. SharpLink Gaming, Secoo Holding, Color Star Tech, ToughBuilt Industries, Mingteng International, and Serve Robotics were among the gainers, with SharpLink Gaming leading with a 16.8% increase. On the downside, Digital Brands Group, Greenlane Holdings, Solid Power, Canoo, Kaixin Holdings, and Mullen Automotive experienced declines, with Digital Brands Group dropping by 6%.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 8:31 pm

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

Canoo Inc. (NASDAQ:MULN) shares surged over 24% in the past five days following a Buy rating and $5 price target from Benchmark analyst Michael Legg. Legg cited Canoo's $750 million in contracted orders with notable clients like Walmart Inc., the USPS, and the U.S. military as underappreciated opportunities. The stock has attracted both retail investors and short-sellers, with 19.94% of shares sold short. Despite a yearly decline of 82.69%, the stock has gained 5.78% over the past month.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 7:45 pm

Canoo Inc (NASDAQ:GOEV) has been highlighted by Benchmark analyst Michael Legg as having a multi-billion revenue opportunity, despite weak delivery numbers in its segment, including those reported by Tesla Inc (NASDAQ:TSLA). Legg initiated coverage with a Buy rating and a $5 price target, citing Canoo's limited competition in the Class 1 and Class 2 commercial fleet segment and a $3 billion sales pipeline, including $750 million in contracted orders with notable clients such as Walmart Inc (NYSE:WMT), the United States Postal Service, and the US military. The global light duty truck market's growth and government incentives for EVs are expected to fuel Canoo's market opportunities.

Portfolio Pulse from priya@benzinga.com

April 17, 2024 | 4:13 pm

Benchmark analyst Michael Legg initiates coverage on Canoo (NASDAQ:GOEV) with a Buy rating and a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:01 am

The article reports on the intraday movement of 12 consumer discretionary stocks, highlighting significant gainers and losers. Canoo (GOEV) led the gainers with a 15.3% increase, while Barnes & Noble Education (BNED) experienced the largest drop, decreasing by 69.8%.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:31 pm

Electric vehicle stocks had a mixed week, with Tesla, Inc. (TSLA) ending higher despite volatility. Tesla slashed its FSD subscription price by 50% to $99/month to boost adoption. Elon Musk confirmed a visit to India to discuss Tesla's plans, potentially impacting the company's strategy in the region. Nikola Corporation (NKLA) faced a setback with shares dropping due to a boardroom battle and a proxy filing by founder Trevor Milton. Ford Motor Co. (F) reduced prices for its F-150 Lightning EV, and Volkswagen AG (VWAGY) reported diverging EV sales in Europe and China. Canoo, Inc. (GOEV) announced a pilot program with Red Sea Global in Saudi Arabia. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

April 13, 2024 | 1:39 pm

Canoo's electric vehicles, including the Lifestyle Vehicle, Lifestyle Delivery Vehicle 190, and the Bulldog pickup truck, will be piloted by Red Sea Global for transportation between its airport, resorts, and facilities. This trial aims to adapt Canoo's zero-emission vehicles to Red Sea Global's specific mobility needs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:04 am

Stryve Foods shares plummeted by 25% due to a significant fourth-quarter revenue miss. Other stocks experienced notable movements, with VivoPower International surging 315% after announcing a merger, and Acorda Therapeutics dropping 83.5% following a Chapter 11 bankruptcy filing. Various companies reported financial results, mergers, and other significant updates affecting their stock prices.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 5:23 pm

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