GOEV Stock Recent News

Canoo (NASDAQ: GOEV) stock price has imploded this year even as the company made progress on its development. It has plunged by almost 60% this year even as the S&P 500 and Nasdaq 100 indices surged to their all-time highs.

Canoo (NASDAQ: GOEV) stock price remained under intense pressure this week after the company published encouraging and optimistic financial results. It was trading at $2.65 on Wednesday, where it has been stuck at in the past few weeks.

Canoo Inc. (NASDAQ:GOEV ) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants John Wolf – Vice President, Investor Relations and Corporate Finance Tony Aquila – Investor, Executive Chairman and Chief Executive Officer Greg Ethridge – Chief Financial Officer Ramesh Murthy – Senior Vice President-Finance and Chief Accounting Officer Conference Call Participants Michael Legg – The Benchmark Company Craig Irwin – ROTH Capital Partners Dan Ives – Wedbush Securities Stephen Gengaro – Stifel Donovan Schafer – Northland Capital Markets Amit Dayal – H.C. Wainwright Operator Hello, and welcome to the Canoo Q1 2024 Earnings Call.

Electric vehicle startup Canoo posted a larger-than-expected loss for the first quarter on Tuesday, but kept its outlook for the year unchanged.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Justin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period.

In the closing of the recent trading day, Canoo Inc. (GOEV) stood at $2.82, denoting a +1.81% change from the preceding trading day.

The stocks discussed below are all flashing various warning signs that alert investors to sell. Each of these three companies has initiated a reverse stock split in the past.

The road to full electrification still has a long way to go. The EV market has struggled since last year, and some companies have been forced to close their shops.

Investing in the stock market always carries a degree of risk, and even the most diligent investors can find themselves holding positions that underperform or fail to meet expectations. As time passes, the original investment thesis may no longer hold true, and the once-promising growth story can unravel and reach six feet under.