GOEV vs. SRI, HLLY, CPS, CVGI, AEVA, INVZ, CAAS, STRT, SUP, and MPAA
Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Stoneridge (SRI), Holley (HLLY), Cooper-Standard (CPS), Commercial Vehicle Group (CVGI), Aeva Technologies (AEVA), Innoviz Technologies (INVZ), China Automotive Systems (CAAS), Strattec Security (STRT), Superior Industries International (SUP), and Motorcar Parts of America (MPAA). These companies are all part of the "motor vehicle parts & accessories" industry.
Canoo (NASDAQ:GOEV) and Stoneridge (NYSE:SRI) are both small-cap auto/tires/trucks companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, profitability, risk, community ranking, valuation, earnings, analyst recommendations and media sentiment.
Canoo currently has a consensus price target of $23.79, indicating a potential upside of 1,132.73%. Given Canoo's higher probable upside, equities research analysts clearly believe Canoo is more favorable than Stoneridge.
Stoneridge has higher revenue and earnings than Canoo. Stoneridge is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.
Stoneridge received 396 more outperform votes than Canoo when rated by MarketBeat users. Likewise, 68.47% of users gave Stoneridge an outperform vote while only 52.50% of users gave Canoo an outperform vote.
Canoo has a beta of 1.28, meaning that its share price is 28% more volatile than the S&P 500. Comparatively, Stoneridge has a beta of 1.39, meaning that its share price is 39% more volatile than the S&P 500.
36.2% of Canoo shares are held by institutional investors. Comparatively, 98.1% of Stoneridge shares are held by institutional investors. 9.7% of Canoo shares are held by insiders. Comparatively, 2.3% of Stoneridge shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
In the previous week, Canoo had 3 more articles in the media than Stoneridge. MarketBeat recorded 3 mentions for Canoo and 0 mentions for Stoneridge. Stoneridge's average media sentiment score of 1.70 beat Canoo's score of 1.55 indicating that Stoneridge is being referred to more favorably in the news media.
Canoo has a net margin of 0.00% compared to Stoneridge's net margin of -0.41%. Stoneridge's return on equity of 0.84% beat Canoo's return on equity.
Summary
Stoneridge beats Canoo on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding GOEV and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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