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FAQs
Is Canoo going to survive? ›
The company's existing cash resources and additional sources of liquidity are not enough to sustain planned operations for the upcoming 12 months. Canoo reported a net loss of $29 million and $302.6 million in the fourth quarter of 2023 and full-year 2023, respectively.
What are the predictions for Canoo stock? ›Stock Price Forecast
The 6 analysts with 12-month price forecasts for Canoo stock have an average target of 23.79, with a low estimate of 3.00 and a high estimate of 92. The average target predicts an increase of 891.25% from the current stock price of 2.40.
Canoo has a consensus rating of Moderate Buy which is based on 5 buy ratings, 2 hold ratings and 0 sell ratings. What is Canoo's price target? The average price target for Canoo is $4.75. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Is Canoo delisted? ›Canoo's Common Stock will continue to trade on The Nasdaq Capital Market under the existing ticker symbol "GOEV" and will begin trading on a split-adjusted basis when the market opens on March 8, 2024.
Why did Canoo do a reverse split? ›As with many reverse stock splits, Canoo's goal with the measure is to regain compliance with Nasdaq stock listing requirements. These stipulate that a stock must trade at a minimum of $1 per share for a sufficient period of time in order to remain on the exchange.
Who is the major investors in Canoo? ›| Holder | Shares | Date Reported |
|---|---|---|
| Vanguard Group Inc | 1.87M | Mar 31, 2024 |
| Jane Street Group, LLC | 933.97k | Mar 31, 2024 |
| Blackrock Inc. | 657.84k | Mar 31, 2024 |
| Geode Capital Management, LLC | 533.79k | Mar 31, 2024 |
According to our current GOEV stock forecast, the value of Canoo Inc. shares will drop by -4.11% and reach $ 2.26 per share by June 2, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).
Who are the competitors of Canoo? ›- General Motors Co Headquarters. 163,000. $171.8B.
- Tesla Inc Headquarters. 140,473. $96.8B.
- Rivian Automotive Inc Headquarters. 16,790. $4.4B.
- Nu Ride Inc Headquarters. 260. $194,000.
The company has developed breakthrough Multi-Purpose Platforms and digital ecosystems that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle.
Is a stock worthless if delisted? ›You don't automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons. Delisting also tends to prompt institutional investors to not continue to invest.
Will I lose my shares if a company is delisted? ›
Though delisting does not affect your ownership, shares may not hold any value post-delisting. Thus, if any of the stocks that you own get delisted, it is better to sell your shares. You can either exit the market or sell it to the company when it announces buyback.
At what price will a stock be delisted? ›How to Stay Listed. Listing requirements vary from one exchange to the next. For example, on the New York Stock Exchange (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the delisting process.
What is the Canoo forecast for 2025? ›| Year | Mid-Year | Year-End |
|---|---|---|
| 2025 | $14.56 | $18.67 |
| 2026 | $23.00 | $23.54 |
| 2027 | $23.89 | $27.44 |
| 2028 | $28.34 | $31.99 |
Canoo expects its total revenue to be between $50 million and $100 million in 2024. In comparison, analysts' consensus estimate stood at $152.5 million. While the company's top-line forecast came below the Street's expectations, concerns over liquidity and the company's ability to continue to operate remained a drag.