Canoo (NASDAQ:GOEV - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, May 14th. Analysts expect Canoo to post earnings of ($0.88) per share for the quarter. Canoo has set its FY 2024 guidance at EPS.Parties that wish to listen to the company's conference call can do so using this link.
Canoo (NASDAQ:GOEV - Get Free Report) last issued its quarterly earnings results on Monday, April 1st. The company reported ($0.93) earnings per share (EPS) for the quarter. The company had revenue of $0.37 million during the quarter. On average, analysts expect Canoo to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Canoo Price Performance
Shares of GOEV traded down $0.05 during midday trading on Tuesday, hitting $2.58. The stock had a trading volume of 3,333,064 shares, compared to its average volume of 7,040,852. The stock's 50 day moving average is $2.71 and its 200 day moving average is $4.37. The firm has a market cap of $166.15 million, a PE ratio of -0.19 and a beta of 1.26. Canoo has a 1 year low of $1.22 and a 1 year high of $19.50.
Analyst Ratings Changes
Several equities research analysts have issued reports on GOEV shares. Alliance Global Partners lowered their price objective on shares of Canoo from $20.00 to $18.50 and set a "buy" rating for the company in a research report on Friday, March 15th. Stifel Nicolaus lowered their target price on Canoo from $34.50 to $17.25 and set a "buy" rating for the company in a report on Tuesday, January 23rd. Finally, Benchmark started coverage on Canoo in a report on Wednesday, April 17th. They issued a "buy" rating for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $49.19.
Read Our Latest Stock Report on GOEV
About Canoo
(
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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.
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