Canoo Inc Stock Price on June 14, 2023

GOEV Stock  USD 1.58  0.13  7.60%   
Below is the normalized historical share price chart for Canoo Inc extending back to April 16, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canoo stands at 1.58, as last reported on the 25th of December, with the highest price reaching 1.73 and the lowest price hitting 1.52 during the day.
IPO Date
1st of August 2017
200 Day MA
1.6939
50 Day MA
0.5349
Beta
1.29
 
Covid
If you're considering investing in Canoo Stock, it is important to understand the factors that can impact its price. Canoo Inc secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26% return per unit of risk over the last 3 months. Canoo Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canoo's Risk Adjusted Performance of (0.20), standard deviation of 11.87, and Mean Deviation of 7.86 to double-check the risk estimate we provide.
  
At this time, Canoo's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 26.3 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 21.6 K in 2024. . Price Earnings To Growth Ratio is likely to climb to 0.01 in 2024, whereas Price To Sales Ratio is likely to drop 182.87 in 2024. Canoo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2621

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Estimated Market Risk

 12.12
  actual daily
96
96% of assets are less volatile

Expected Return

 -3.18
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.26
  actual daily
0
Most of other assets perform better
Based on monthly moving average Canoo is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canoo by adding Canoo to a well-diversified portfolio.
Price Book
0.1074
Enterprise Value Ebitda
(0.80)
Price Sales
0.6139
Shares Float
82.2 M
Wall Street Target Price
67

Canoo Valuation on June 14, 2023

It is possible to determine the worth of Canoo on a given historical date. On June 14, 2023 Canoo was worth 259.9 at the beginning of the trading date compared to the closed value of 258.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canoo stock. Still, in general, we apply an absolute valuation method to find Canoo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canoo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canoo's related companies.
 Open High Low Close Volume
  245.04    259.21    240.58    258.06    47,465  
06/14/2023
  259.90    274.99    258.11    258.89    34,334  
  262.20    328.85    260.04    304.38    142,775  
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Open Value
259.9
223.53
Downside
258.89
Closing Value
296.27
Upside

Canoo Trading Date Momentum on June 14, 2023

On June 15 2023 Canoo Inc was traded for  304.38  at the closing time. The top price for the day was 328.85  and the lowest listed price was  260.04 . The trading volume for the day was 142.8 K. The trading history from June 15, 2023 was a factor to the next trading day price increase. The overall trading delta against the next closing price was 17.57% . The overall trading delta against the current closing price is 10.54% .

Canoo Inc Fundamentals Correlations and Trends

By evaluating Canoo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canoo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canoo financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Canoo Stock history

Canoo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canoo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canoo Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canoo stock prices may prove useful in developing a viable investing in Canoo
Last ReportedProjected for Next Year
Common Stock Shares Outstanding25.1 M26.3 M
Net Loss-438.9 M-417 M

Canoo Stock Technical Analysis

Canoo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canoo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canoo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Canoo Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

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Canoo Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Canoo December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Canoo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoo shares will generate the highest return on investment. By undertsting and applying Canoo stock market strength indicators, traders can identify Canoo Inc entry and exit signals to maximize returns

Canoo Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Canoo's price direction in advance. Along with the technical and fundamental analysis of Canoo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canoo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Canoo Stock Analysis

When running Canoo's price analysis, check to measure Canoo's 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 is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.