Canoo Stock Forecast: Latest Price
Canoo Stock Forecast: Performance Chart
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Canoo Stock Forecast: Latest Tweet
Canoo Stock Forecast: Today’s Outlook
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Also Read: LEV Stock Forecast
Canoo Stock Forecast 2022
The price targets for Canoo Stock for the 2nd half of 2022 have reached a high of $20.0 and a low of $3 – This represents a massive increase of +494.6% since the last year and a wide range which indicates volatility. The expected earnings per share for the 2nd quarter is $-0.5. Since the last four quarters, the earnings have been negative. For 2022, the EPS is expected to be $2.1. In the last few months, the management has mentioned several doubts about continuing and presented concerns that put investors on alert for bankruptcy.
It is having trouble keeping up with mainstream automakers’ competition. This is because those automakers have large amounts of capital and production capacity, they have also been in the market for a long time and due to their size, they are able to invest heavily in innovative technologies. The situation is not expected to take a turn anytime soon.
Canoo Stock Forecast: Latest Video
Canoo Stock Forecast: Competition Analysis
According to Zacks, Canoo falls into the Bottom 41% of its industry – It ranks 147th out of 250 firms. The stock has been compared to Volcon Inc. (VLCN), Firsker Inc (FSR), and Nikola Corporation (NKLA) – All the stocks except Nikola have been rated “Hold” indicating an industry-wide slowdown. GOEV is lagging behind in Earnings yield at -105.4% whereas VLCN has -100.7%, FSR has -19.6% and NKLA has -22.7%.
Canoo Stock Forecast: Google Trends
Canoo Stock: Competition Analysis
One of the stocks that have been performing similarly is Luminar Technologies (LAZR) – Both of the stocks went public at a similar time as well. The EPS for Canoo is $-2.0 while for Luminar it is $-0.7. As for profitability, the return on equity for Canoo is -94.6% and for Luminar it is -73.2%. Luminar proves to be more profitable but, it is also more volatile.
Currently, the confidence is higher for Luminar because of its sales performance. Canoo is having trouble keeping up with competition from larger firms like Nikola and others.
Canoo Stock Forecast: Technical Analysis
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.