Canoo (GOEV) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Canoo (GOEV) Stock Forecast for 2024–2028. Sell or Buy?

Updated: May 9, 2024 (09:58)

Sector: Consumer cyclical

The share price of Canoo Inc. (GOEV) now

Latest session on the 8th of May for
Canoo Inc. is negative
Trading Volume: 1840125
Open: 2.52 /  High: 2.58 /  Low: 2.45
What analysts predict: $12.86
52-week High/Low: $19.5 / $1.22

50/200 Day Moving Average: $2.687 / $6.57

This figure corresponds to the Average Price over the previous 50/200 days. For Canoo stocks, the 50-day moving average is the resistance level today.

For Canoo stocks, the 200-day moving average is the resistance level today.

Are you interested in Canoo Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Canoo stock price in 2024, 2025, 2026, 2027, 2028. How much will one Canoo share be worth in 2024 - 2028?

When should I take profit in Canoo stock? When should I record a loss on Canoo stock? What are analysts' forecasts for Canoo stock? What is the future of Canoo stock? We forecast Canoo stock performance using neural networks based on historical data on Canoo stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Canoo stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Canoo shares. This happens once a day.


Historical and forecast chart of Canoo stock

The chart below shows the historical price of Canoo stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Canoo stock price can be found in the table below.

Long-term forecasts by years.

Canoo's GOEV Stock: Navigating Through Dilution and Financial Uncertainty

Trend:
May 07, 2024

In the tumultuous world of stock investments, pinpointing the factors that will swing a company's stock prices is crucial. For Canoo, two significant factors emerge as determinants for the future of GOEV stock rates: dilution and the company's weak balance sheet.

Understanding the Landscape of Influence

Dilution stands as the primary force expected to impact GOEV's stock price. Analysts forecast the company needing an injection of approximately $150 million this year, a move that will significantly increase the total number of outstanding shares by 210%. For investors, this means one thing: the potential for their share value to drop as the market gets flooded with additional shares. This move can dilute existing shareholders' value, making the GOEV stock forecast a topic of heated discussions.

Running parallel to dilution concerns is the Weak Balance Sheet of Canoo. With a mere $6.4 million in its coffers, questions arise about the company’s ability to sustain its production ramp-up and meet its ambitious revenue guidance. This financial instability could shake investor confidence, prompting a reassessment of whether GOEV is a good stock to buy or sell.

For analysts aiming to make an accurate GOEV stock price prediction, these factors cannot be overlooked. The interplay between dilution and financial soundness will likely steer Canoo's stock price in the near future, making them essential considerations for anyone pondering the GOEV stock price target or questioning if Canoo stock forecast warrants a buy or sell decision.

Ultimately, understanding these dynamics is paramount for those looking to navigate the capricious seas of the stock market, especially with Canoo’s precarious position. Will GOEV emerge as a phoenix or will it further succumb to its financial and strategic quagmires? Only time and a keen analysis of these factors will reveal the true trajectory of Canoo's stock.

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Unlocking the Future of GOEV Stocks: A Predictive Analysis

Trend: Neutral
Mar 25, 2024

Understanding the potential fluctuation of GOEV stock rates demands a deep dive into the key influencers currently shaping its trajectory. The near future of GOEV stocks seems heavily tethered to a few critical events and factors, with the cash balance and ongoing operating losses taking the lead. As Canoo navigates through its manufacturing phase, the costs associated with ramping up production are set to play a significant role. Investors and analysts might also focus on the company's ability to generate and sustain positive news flow, setting a foundation for forecasting GOEV stock forecast with an eye toward longevity.

Strategizing Investments: Analysing Canoo's Financial Landscape

To make the most accurate predictions about GOEV's stock price fluctuation, analysts need to scrutinize Canoo's financial position critically. The recent reverse stock split and the challenges in maintaining a healthy cash flow signal caution. Strategically, understanding these dimensions—especially in the context of the EV market—can guide investors. Whether contemplating a GOEV stock buy or sell decision or considering Canoo stock forecast, assessing these elements becomes indispensable.

Listed below are the pivotal factors in descending importance that might shape GOEV stock price predictions:

  • Cash balance and ongoing operating losses
  • Financial position and implications of the reverse stock split
  • Manufacturing challenges and production ramp-up costs
  • The sustainability of positive news flow

By weaving these insights into their analysis, analysts can offer more grounded GOEV stock price targets. In the dynamic and competitive EV market, staying ahead with informed predictions on whether to buy or sell Canoo stock could significantly impact investment outcomes.

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Is GOEV a Good Stock to Buy? Insight into Canoo's Stock Forecast

Trend: Bearish
Mar 13, 2024

Investors seeking to navigate the tumultuous waters of the EV sector have their eyes fixed on Canoo (GOEV), analyzing GOEV stock forecast with keen interest. A crucial factor influencing GOEV stock prices is its recent 1-for-23 reverse stock split, implemented to meet NASDAQ's minimum listing standards. While this maneuver staves off immediate delisting, it's fundamentally a band-aid solution that fails to address underlying liquidity and cash burn issues which are pivotal in shaping GOEV stock buy or sell decisions.

Understanding Key Factors Impacting GOEV Stock

The liquidity and cash burn rate of GOEV present significant challenges. Analysts aiming for accurate GOEV stock price predictions closely scrutinize the company's limited liquidity, highlighted by cash and equivalents of only $8.26 million at the end of September. This financial predicament severely hampers its ability to launch high capital expenditure EVs, which contributes directly to the volatility of GOEV stock price target assessments.

Moreover, the EV sector is witnessing a worrying trend: several EV startups have filed for bankruptcy, serving as a stark reminder of the unforgiving nature of the market. This backdrop of instability makes GOEV stock price prediction even more complex but crucial for investors weighing the question: is GOEV a good stock to buy?

By analyzing these factors - liquidity, cash burn, sectorial bankruptcies, and the reverse stock split, analysts can formulate a nuanced Canoo stock forecast. In descending order of impact, limited liquidity and high cash burn rates are the most critical issues, followed by industry-wide challenges, with the reverse stock split's temporary compliance reprieve being the least concerning in the long run.

In sum, for anyone considering whether to buy or sell Canoo stock, understanding these dynamics offers a clearer path to predicting future movements in GOEV's stock price.

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About author

Canoo is an American electric vehicle manufacturer. The company’s vision is to produce affordable commercial electric vehicles such as minivans for rental and car-sharing services. Founded in 2017, Canoo is headquartered in Torrance, California.

Canoo daily forecast for a month

Date Target Pes. Opt. Vol., %
May 11 2.77 2.68 2.87 7.40
May 12 2.76 2.69 2.79 3.95
May 13 2.77 2.71 2.84 4.80
May 14 2.66 2.56 2.71 5.71
May 15 2.71 2.66 2.74 3.06
May 16 2.82 2.75 2.93 6.61
May 17 2.81 2.75 2.91 5.77
May 18 2.86 2.80 2.98 6.18
May 19 2.86 2.81 2.96 5.30
May 20 2.82 2.73 2.88 5.79
May 21 2.74 2.70 2.83 4.73
May 22 2.69 2.59 2.78 7.15
May 23 2.80 2.69 2.85 5.97
May 24 2.93 2.90 2.99 3.23
May 25 3.01 2.91 3.13 7.56
May 26 3.00 2.92 3.09 5.70
May 27 2.99 2.92 3.03 3.63
May 28 2.97 2.94 3.03 3.23
May 29 2.88 2.77 2.93 5.55
May 30 2.81 2.77 2.84 2.64
May 31 2.74 2.64 2.83 7.29
Jun 01 2.65 2.55 2.73 7.17
Jun 02 2.68 2.61 2.77 6.11
Jun 03 2.71 2.60 2.75 5.62
Jun 04 2.70 2.63 2.74 4.21
Jun 05 2.67 2.56 2.76 7.71
Jun 06 2.64 2.53 2.73 7.96
Jun 07 2.50 2.45 2.59 5.61
Jun 08 2.55 2.51 2.65 5.43
Jun 09 2.50 2.41 2.58 7.05

Canoo Daily Price Targets


Canoo Stock Forecast 05-11-2024.

Forecast target price for 05-11-2024: $2.77.
Positive dynamics for Canoo shares will prevail with possible volatility of 6.888%.
Pessimistic target level: 2.68
Optimistic target level: 2.87

Canoo Stock Forecast 05-12-2024.

Forecast target price for 05-12-2024: $2.76.
Negative dynamics for Canoo shares will prevail with possible volatility of 3.799%.
Pessimistic target level: 2.69
Optimistic target level: 2.79

Canoo Stock Forecast 05-13-2024.

Forecast target price for 05-13-2024: $2.77.
Positive dynamics for Canoo shares will prevail with possible volatility of 4.581%.
Pessimistic target level: 2.71
Optimistic target level: 2.84

Canoo Stock Forecast 05-14-2024.

Forecast target price for 05-14-2024: $2.66.
Negative dynamics for Canoo shares will prevail with possible volatility of 5.402%.
Pessimistic target level: 2.56
Optimistic target level: 2.71

Canoo Stock Forecast 05-15-2024.

Forecast target price for 05-15-2024: $2.71.
Positive dynamics for Canoo shares will prevail with possible volatility of 2.965%.
Pessimistic target level: 2.66
Optimistic target level: 2.74

Canoo Stock Forecast 05-16-2024.

Forecast target price for 05-16-2024: $2.82.
Positive dynamics for Canoo shares will prevail with possible volatility of 6.202%.
Pessimistic target level: 2.75
Optimistic target level: 2.93

GOEV (GOEV) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jun. 2.43 2.21 2.69 17.90
Jul. 2.24 1.95 2.49 21.70
Aug. 2.32 2.08 2.58 19.14
Sep. 2.03 1.76 2.30 23.42
Oct. 1.71 1.61 1.82 11.18
Nov. 1.56 1.35 1.71 21.20
Dec. 1.52 1.35 1.72 21.39

Canoo forecast for this year


Canoo Stock Prediction for Jun 2024

An downtrend is forecast for this month with an optimal target price of $2.43027. Pessimistic: $2.21. Optimistic: $2.69


Canoo Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $2.24217. Pessimistic: $1.95. Optimistic: $2.49


Canoo Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $2.32289. Pessimistic: $2.08. Optimistic: $2.58


Canoo Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $2.03438. Pessimistic: $1.76. Optimistic: $2.30


Canoo Stock Prediction for Oct 2024

An downtrend is forecast for this month with an optimal target price of $1.70848. Pessimistic: $1.61. Optimistic: $1.82


Canoo Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $1.56086. Pessimistic: $1.35. Optimistic: $1.71


Canoo Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $1.52434. Pessimistic: $1.35. Optimistic: $1.72



Canoo (GOEV) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 1.61 1.42 1.77 19.69
Feb 1.52 1.44 1.61 10.82
Mar 1.46 1.40 1.65 15.03
Apr 1.48 1.34 1.66 19.53
May 1.47 1.27 1.65 23.22
Jun 1.51 1.38 1.61 13.98
Jul 1.73 1.61 1.89 14.98
Aug 2.02 1.92 2.21 13.47
Sep 1.90 1.74 2.11 17.68
Oct 2.08 1.79 2.33 22.85
Nov 2.24 2.07 2.56 18.97
Dec 2.37 2.29 2.53 9.47

Canoo (GOEV) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 2.34 2.02 2.44 17.57
Feb 2.13 1.93 2.25 14.15
Mar 2.20 1.89 2.44 22.51
Apr 2.00 1.72 2.17 20.68
May 2.24 1.94 2.41 19.51
Jun 2.05 1.76 2.25 21.98
Jul 2.07 1.82 2.33 21.58
Aug 2.34 2.15 2.47 12.79
Sep 2.47 2.25 2.61 13.66
Oct 2.05 1.96 2.31 14.84
Nov 1.68 1.58 1.82 13.28
Dec 1.80 1.58 1.95 19.25

Canoo (GOEV) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 1.90 1.82 2.03 10.11
Feb 1.92 1.72 2.18 21.25
Mar 1.97 1.77 2.17 18.58
Apr 2.25 2.05 2.43 15.79
May 2.21 2.08 2.52 17.39
Jun 2.26 2.12 2.47 14.01
Jul 2.61 2.51 2.98 15.76
Aug 2.92 2.53 3.14 19.41
Sep 2.83 2.66 3.12 14.86
Oct 2.58 2.27 2.71 16.28
Nov 2.52 2.28 2.71 15.90
Dec 2.58 2.32 2.88 19.63

Canoo (GOEV) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 2.72 2.36 2.93 19.38
Feb 2.57 2.33 2.78 15.96
Mar 2.58 2.42 2.72 11.08
Apr 2.63 2.27 2.99 24.07
May 2.78 2.66 2.90 8.27
Jun 3.02 2.83 3.36 15.87
Jul 3.32 3.20 3.46 7.59
Aug 3.45 3.25 3.64 10.57
Sep 3.56 3.19 4.03 20.72
Oct 3.25 2.98 3.38 11.95
Nov 3.50 3.07 3.74 17.69
Dec 3.23 2.81 3.44 18.43

Canoo information and performance

Canoo Address

3415 N. PINES WAY, SUITE 204, WILSON, WY, US

Market Capitalization: 166 342 000 $

Market capitalization of the Canoo Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of GOEV shares in the company outstanding by the market price of one share.

EBITDA: -253 976 000 $

EBITDA of Canoo is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -12.19

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: N/A
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: -

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 271.84

Enterprise Value (EV) /Revenue

EV To EBITDA: -0.852

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 64474000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.