GOEV Stock Recent News

Canoo has seen a significant drop in share price from over $572 to just $1.50, with minimal revenues and significant losses. The company is working on pilot testing its vehicles with hopes of generating meaningful sales in 2024, but revenue estimates have been continually dropping. Canoo's negative working capital balance, high cash burn rate, and reliance on financing from Yorkville raise concerns about continuous dilution and future prospects.

Canoo, Inc. (NASDAQ:GOEV ) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Jon Wolf - VP, IR & Corporate Finance Tony Aquila - Investor, Executive Chairman & CEO Greg Ethridge - CFO Ramesh Murthy - SVP, Finance & Chief Accounting Officer Conference Call Participants Dan Ives - Wedbush Securities Michael Legg - The Benchmark Company Craig Irwin - ROTH MKM Stephen Gengaro - Stifel Amit Dayal - H.C. Wainright Operator Greetings and welcome to the Canoe Second Quarter 2024 Earnings Call.

Canoo Inc. (GOEV) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.77. This compares to loss of $3.22 per share a year ago.

JUSTIN, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the second quarter of 2024.

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In the most recent trading session, Canoo Inc. (GOEV) closed at $1.68, indicating a +0.6% shift from the previous trading day.

The Zacks Consensus Estimate for Canoo's (GOEV) second-quarter loss per share and revenues is pegged at 77 cents and $1.99 million, respectively.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Canoo (GOEV) stock price has continued in a strong freefall this year as concerns about the Electric Vehicle (EV) companies continued. It has dropped by almost 70% this year and by almost 90% in the past 12 months, giving it a market cap of over $143 million.

JUSTIN, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, August 14, 2024 and host a conference call and webcast at 5 p.m. ET to discuss the results. The call will be hosted by Tony Aquila, Investor, Executive Chairman and Chief Executive Officer, Greg Ethridge, Chief Financial Officer and Ramesh Murthy, Senior Vice President, Finance and Chief Accounting Officer.