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Canoo (GOEVW) Competitors

$0.06
0.00 (0.00%)
(As of 07/26/2024 ET)

GOEVW vs. RACE, MGA, LCID, IEP, ZK, VC, PHIN, BLBD, REVG, and LAZR

Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Ferrari (RACE), Magna International (MGA), Lucid Group (LCID), Icahn Enterprises (IEP), ZEEKR Intelligent Technology (ZK), Visteon (VC), PHINIA (PHIN), Blue Bird (BLBD), REV Group (REVG), and Luminar Technologies (LAZR). These companies are all part of the "automobiles and trucks" industry.

Canoo vs.

Ferrari (NYSE:RACE) and Canoo (NASDAQ:GOEVW) are both auto/tires/trucks companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, dividends, media sentiment, earnings, profitability, analyst recommendations, valuation, community ranking and risk.

Ferrari has higher revenue and earnings than Canoo.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Ferrari$6.46BN/A$1.36B$7.8352.85
Canoo$886KN/AN/AN/AN/A

Ferrari currently has a consensus target price of $461.67, indicating a potential upside of 11.57%. Given Canoo's higher possible upside, analysts plainly believe Ferrari is more favorable than Canoo.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Ferrari
1 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.40
Canoo
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A

In the previous week, Ferrari had 27 more articles in the media than Canoo. MarketBeat recorded 29 mentions for Ferrari and 2 mentions for Canoo. Ferrari's average media sentiment score of 1.43 beat Canoo's score of 0.31 indicating that Canoo is being referred to more favorably in the news media.

Company Overall Sentiment
Ferrari Neutral
Canoo Positive

Ferrari received 552 more outperform votes than Canoo when rated by MarketBeat users.

CompanyUnderperformOutperform
FerrariOutperform Votes
552
66.99%
Underperform Votes
272
33.01%
CanooN/AN/A

Ferrari has a net margin of 21.42% compared to Ferrari's net margin of 0.00%. Canoo's return on equity of 43.94% beat Ferrari's return on equity.

Company Net Margins Return on Equity Return on Assets
Ferrari21.42% 43.94% 16.10%
Canoo N/A N/A N/A

Summary

Ferrari beats Canoo on 8 of the 9 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding GOEVW and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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GOEVW vs. The Competition

MetricCanooAuto Manufacturers IndustryCyclical SectorNASDAQ Exchange
Market CapN/A$18.85B$2.27B$8.21B
Dividend YieldN/A3.04%4.41%3.96%
P/E RatioN/A1.96390.3118.65
Price / SalesN/A85.93334.8391.93
Price / CashN/A10.4025.9034.11
Price / BookN/A1.452.134.51
Net IncomeN/A$4.25B$192.18M$216.36M
7 Day PerformanceN/A-2.69%-0.18%1.78%
1 Month PerformanceN/A-2.26%1.14%7.92%
1 Year PerformanceN/A-12.60%493.16%3.06%

Canoo Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
RACE
Ferrari
2.6228 of 5 stars
2.62 / 5 stars
$416.31
-1.4%
$461.67
+10.9%
+30.3%$0.00$6.46B53.174,988Upcoming Earnings
News Coverage
MGA
Magna International
4.188 of 5 stars
4.19 / 5 stars
$43.64
-3.7%
$54.88
+25.7%
-30.8%$12.54B$42.80B12.40179,000Upcoming Earnings
Analyst Forecast
News Coverage
High Trading Volume
LCID
Lucid Group
0.6761 of 5 stars
0.68 / 5 stars
$3.50
-2.0%
$4.14
+18.3%
-52.9%$8.08B$595.27M-2.766,500Gap Down
IEP
Icahn Enterprises
3.4478 of 5 stars
3.45 / 5 stars
$17.20
+0.4%
$27.00
+57.0%
-47.7%$7.76B$10.85B-14.9620,000News Coverage
ZK
ZEEKR Intelligent Technology
2.3354 of 5 stars
2.34 / 5 stars
$17.70
-3.4%
$34.35
+94.1%
N/A$4.38B$57.79B0.0016,645Gap Down
VC
Visteon
4.8869 of 5 stars
4.89 / 5 stars
$107.94
-4.9%
$134.00
+24.1%
-28.1%$2.98B$3.95B6.1710,000Earnings Report
Analyst Forecast
News Coverage
PHIN
PHINIA
2.2804 of 5 stars
2.28 / 5 stars
$44.87
-2.9%
$43.00
-4.2%
+55.2%$2.05B$3.50B0.0013,200Upcoming Earnings
Short Interest ↑
Positive News
BLBD
Blue Bird
4.2544 of 5 stars
4.25 / 5 stars
$49.07
-2.3%
$51.42
+4.8%
+145.0%$1.58B$1.13B19.871,830Short Interest ↑
News Coverage
Gap Up
REVG
REV Group
1.4663 of 5 stars
1.47 / 5 stars
$24.58
+2.8%
$20.50
-16.6%
+118.3%$1.28B$2.64B6.016,543News Coverage
Positive News
Gap Up
LAZR
Luminar Technologies
1.3855 of 5 stars
1.39 / 5 stars
$1.67
-8.7%
$4.37
+161.5%
-76.5%$744.19M$76.24M-1.22500Gap Down

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This page (NASDAQ:GOEVW) was last updated on 7/27/2024 by MarketBeat.com Staff

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