Canoo (GOEV) to Release Quarterly Earnings on Monday

Canoo (NYSE:GOEVGet Free Report) is set to announce its earnings results after the market closes on Monday, April 1st. Analysts expect the company to announce earnings of ($1.78) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Canoo Trading Down 1.4 %

Shares of NYSE GOEV opened at $4.28 on Monday. Canoo has a 1-year low of $1.22 and a 1-year high of $19.50. The company has a market cap of $178.69 million, a PE ratio of -0.24 and a beta of 1.17. The company has a current ratio of 0.17, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $3.19 and a two-hundred day moving average of $5.92.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOEV. Wedbush began coverage on shares of Canoo in a research report on Friday, January 5th. They set an “outperform” rating and a $92.00 price target for the company. Alliance Global Partners lowered their price target 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. Finally, Stifel Nicolaus lowered their price target on shares of Canoo from $34.50 to $17.25 and set a “buy” rating for the company in a research report on Tuesday, January 23rd.

Get Our Latest Stock Report on Canoo

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GOEV. Advisor Group Holdings Inc. grew its holdings in Canoo by 23.0% during the first quarter. Advisor Group Holdings Inc. now owns 40,363 shares of the company’s stock valued at $223,000 after purchasing an additional 7,544 shares during the period. JPMorgan Chase & Co. grew its holdings in Canoo by 34.5% during the first quarter. JPMorgan Chase & Co. now owns 104,860 shares of the company’s stock valued at $579,000 after purchasing an additional 26,901 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Canoo by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 386,691 shares of the company’s stock valued at $2,135,000 after buying an additional 8,479 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Canoo by 57.0% in the first quarter. MetLife Investment Management LLC now owns 63,583 shares of the company’s stock valued at $351,000 after buying an additional 23,084 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Canoo in the first quarter valued at approximately $67,000. Institutional investors and hedge funds own 36.23% of the company’s stock.

Canoo Company Profile

(Get Free Report)

Canoo Inc, a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an EV.

See Also

Earnings History for Canoo (NYSE:GOEV)

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