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Canoo (GOEV)

(Delayed Data from NSDQ)

$2.25 USD

2.25
6,313,876

+0.16 (7.66%)

Updated May 31, 2024 04:00 PM ET

After-Market: $2.22 -0.03 (-1.33%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value C Growth B Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 18% (44 out of 250)

Industry: Automotive - Domestic

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Better trading starts here.

Balance Sheet

Research for GOEV

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Canoo Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 10 40 227 702 1
Receivables 0 0 0 0 0
Notes Receivable 0 0 0 0 0
Inventories 6 3 0 0 0
Other Current Assets 16 9 64 6 0
Total Current Assets 33 52 291 709 1
Net Property & Equipment 377 311 202 30 0
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 50 50 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 46 43 15 1 307
Total Assets 542 496 523 753 309
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 65 103 52 17 0
Current Portion Long-Term Debt 51 35 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 64 63 84 11 2
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 4 17 0 0 0
Total Current Liabilities 184 218 136 28 2
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 7 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 72 3 29 134 301
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 292 260 179 182 304
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 6 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,726 1,416 1,036 920 4
Retained Earnings -1,482 -1,180 -692 -348 1
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 250 237 344 572 5
Total Liabilities & Shareholder's Equity 542 496 523 753 309
Total Common Equity 244 237 344 572 5
Shares Outstanding 41.70 16.80 10.30 10.20 1.30
Book Value Per Share 5.85 14.08 33.40 56.06 3.85

Fiscal Year End for Canoo Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 8 10 12 9 10
Receivables 0 0 0 0 0
Notes Receivable 0 0 0 0 0
Inventories 7 6 6 5 5
Other Current Assets 18 16 15 11 11
Total Current Assets 32 33 33 26 27
Net Property & Equipment 381 377 369 363 329
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 50 50 50 50 50
Intangibles 0 0 0 0 0
Deposits & Other Assets 46 46 46 46 43
Total Assets 545 542 534 522 488
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 68 65 78 84 89
Current Portion Long-Term Debt 63 51 38 25 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 65 64 63 81 86
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 5 4 9 12 0
Total Current Liabilities 201 184 188 202 175
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 45 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 124 100 50 24
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 360 292 369 289 236
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 6 6 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,770 1,726 1,619 1,574 1,522
Retained Earnings -1,593 -1,482 -1,453 -1,341 -1,271
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 184 250 166 233 252
Total Liabilities & Shareholder's Equity 545 542 534 522 488
Total Common Equity 178 244 166 233 252
Shares Outstanding 66.40 41.70 28.30 24.70 20.70
Book Value Per Share 2.68 5.85 5.85 9.42 12.16