Canoo Holdings Stock Buy Hold or Sell Recommendation
| GOEVW Stock | USD 0.02 0 8.68% |
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding Canoo Holdings is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canoo Holdings given historical horizon and risk tolerance towards Canoo Holdings. When Macroaxis issues a 'buy' or 'sell' recommendation for Canoo Holdings, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Canoo Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Canoo Stock please use our How to Invest in Canoo Holdings guide. Note, we conduct extensive research on individual companies such as Canoo and provide practical buy, sell, or hold advice based on investors' constraints. Canoo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Canoo |
Execute Canoo Holdings Buy or Sell Advice
The Canoo recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canoo Holdings. Macroaxis does not own or have any residual interests in Canoo Holdings or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canoo Holdings' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Canoo Holdings Trading Alerts and Improvement Suggestions
| Canoo Holdings generated a negative expected return over the last 90 days | |
| Canoo Holdings has high historical volatility and very poor performance | |
| Canoo Holdings has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 886 K. Net Loss for the year was (302.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canoo Holdings has accumulated about 148.84 M in cash with (251.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.71, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canoo Announces Adjournment of Annual Meeting - Yahoo Finance |
Canoo Holdings Returns Distribution Density
The distribution of Canoo Holdings' historical returns is an attempt to chart the uncertainty of Canoo Holdings' future price movements. The chart of the probability distribution of Canoo Holdings daily returns describes the distribution of returns around its average expected value. We use Canoo Holdings price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canoo Holdings returns is essential to provide solid investment advice for Canoo Holdings.
| Mean Return | -0.89 | Value At Risk | -16.67 | Potential Upside | 14.11 | Standard Deviation | 9.80 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canoo Holdings historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canoo Holdings Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 11.5M | 672.9M | (474.9M) | (176.9M) | (29.7M) | (28.2M) | |
| Capital Expenditures | 22.1M | 7.6M | 136.6M | 97.3M | 67.1M | 60.6M | |
| Net Income | (182.4M) | (89.8M) | (346.8M) | (487.7M) | (302.0M) | (317.1M) | |
| End Period Cash Flow | 29.5M | 702.4M | 227.5M | 50.6M | 10.3M | 9.8M |
Canoo Holdings Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canoo Holdings or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canoo Holdings' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canoo stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.86 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 9.79 | |
Ir | Information ratio | -0.1 |
Canoo Holdings Volatility Alert
Canoo Holdings is displaying above-average volatility over the selected time horizon. Canoo Holdings is a penny stock. Although Canoo Holdings may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Canoo Holdings. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Canoo instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Canoo Holdings Fundamentals Vs Peers
Comparing Canoo Holdings' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canoo Holdings' direct or indirect competition across all of the common fundamentals between Canoo Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canoo Holdings or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canoo Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Canoo Holdings by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canoo Holdings to competition |
| Fundamentals | Canoo Holdings | Peer Average |
| Return On Equity | -0.73 | -0.31 |
| Return On Asset | -0.25 | -0.14 |
| Operating Margin | (48.41) % | (5.51) % |
| Number Of Shares Shorted | 25.72 K | 4.71 M |
| Revenue | 886 K | 9.43 B |
| EBITDA | (282.64 M) | 3.9 B |
| Net Income | (302.02 M) | 570.98 M |
| Cash And Equivalents | 148.84 M | 2.7 B |
| Cash Per Share | 5.71 X | 5.01 X |
| Total Debt | 89.99 M | 5.32 B |
| Debt To Equity | 0.13 % | 48.70 % |
| Current Ratio | 10.22 X | 2.16 X |
| Book Value Per Share | 2.44 X | 1.93 K |
| Cash Flow From Operations | (251.13 M) | 971.22 M |
| Number Of Employees | 651 | 18.84 K |
| Beta | 1.29 | -0.15 |
| Market Capitalization | 2.25 B | 19.03 B |
| Total Asset | 542 M | 29.47 B |
| Retained Earnings | (1.48 B) | 9.33 B |
| Working Capital | (165.96 M) | 1.48 B |
| Net Asset | 542 M |
Note: Disposition of 912 shares by Hector Ruiz of Canoo Holdings at 0.25 subject to Rule 16b-3 [view details]
Canoo Holdings Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canoo . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.14 | |||
| Daily Balance Of Power | (0.66) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 0.0196 | |||
| Day Typical Price | 0.0197 | |||
| Market Facilitation Index | 0.0029 | |||
| Price Action Indicator | (0.0005) | |||
| Period Momentum Indicator | (0) |
About Canoo Holdings Buy or Sell Advice
When is the right time to buy or sell Canoo Holdings? Buying financial instruments such as Canoo Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Additional Tools for Canoo Stock Analysis
When running Canoo Holdings' price analysis, check to measure Canoo Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canoo Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.