Canoo (GOEV) Scheduled to Post Earnings on Wednesday

Canoo (NASDAQ:GOEV) will issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.90) per share for the quarter.

Canoo (NASDAQ:GOEV) last posted its earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.68. The firm had revenue of $0.61 million during the quarter, compared to analysts’ expectations of $1.99 million. On average, analysts expect Canoo to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Canoo Price Performance

NASDAQ GOEV opened at $0.43 on Friday. Canoo has a 1-year low of $0.37 and a 1-year high of $8.81. The business has a 50 day simple moving average of $1.00 and a two-hundred day simple moving average of $1.76. The stock has a market capitalization of $35.03 million, a PE ratio of -0.06 and a beta of 1.29.

Analyst Ratings Changes

Several brokerages recently weighed in on GOEV. HC Wainwright reduced their price target on shares of Canoo from $7.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Roth Mkm decreased their target price on shares of Canoo from $3.00 to $1.50 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.04.

Canoo Company Profile

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.