Canoo Inc

Company Profile

Canoo Inc had its IPO on 2017-08-01 under the ticker symbol GOEV.

The company operates in the Consumer Cyclical sector and Auto Manufacturers industry. Canoo Inc has a staff strength of 812 employees.

Stock update

Shares of Canoo Inc opened at $0.52 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.52 - $0.57, and closed at $0.53.

This is a +1.04% increase from the previous day's closing price.

A total volume of 13,779,984 shares were traded at the close of the day’s session.

In the last one week, shares of Canoo Inc have slipped by -11.1%.

Canoo Inc's Key Ratios

Canoo Inc has a market cap of $382.86 million, indicating a price to book ratio of 1.938 and a price to sales ratio of 937.6756.

In the last 12-months Canoo Inc’s revenue was $0 with a gross profit of $1.88 million and an EBITDA of $-332484000. The EBITDA ratio measures Canoo Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Canoo Inc’s operating margin was 0% while its return on assets stood at -47.25% with a return of equity of -170.77%.

In Q2, Canoo Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 0%.

Canoo Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.83 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Canoo Inc’s profitability.

Canoo Inc stock is trading at a EV to sales ratio of 795.1306 and a EV to EBITDA ratio of -0.8525. Its price to sales ratio in the trailing 12-months stood at 937.6756.

Canoo Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$522.10 million

Total Liabilities

$202.36 million

Operating Cash Flow

$-15470000.00

Capital Expenditure

$15.47 million

Dividend Payout Ratio

0%

Canoo Inc ended 2024 with $522.10 million in total assets and $0 in total liabilities. Its intangible assets were valued at $522.10 million while shareholder equity stood at $232.75 million.

Canoo Inc ended 2024 with $0 in deferred long-term liabilities, $202.36 million in other current liabilities, 56000.00 in common stock, $-1341425000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $4.99 million and cash and short-term investments were $4.99 million. The company’s total short-term debt was $32,612,000 while long-term debt stood at $0.

Canoo Inc’s total current assets stands at $25.50 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $3.79 million compared to accounts payable of $84.43 million and inventory worth $5.31 million.

In 2024, Canoo Inc's operating cash flow was $-15470000.00 while its capital expenditure stood at $15.47 million.

Comparatively, Canoo Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.53

52-Week High

$2.92

52-Week Low

$0.414

Analyst Target Price

$3.63

Canoo Inc stock is currently trading at $0.53 per share. It touched a 52-week high of $2.92 and a 52-week low of $2.92. Analysts tracking the stock have a 12-month average target price of $3.63.

Its 50-day moving average was $0.57 and 200-day moving average was $0.78 The short ratio stood at 1.52 indicating a short percent outstanding of 0%.

Around 1129.7% of the company’s stock are held by insiders while 3023.8% are held by institutions.