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Canoo Inc
Buy, Hold or Sell?

Let's analyse Canoo together

PenkeI guess you are interested in Canoo Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Canoo Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Canoo (30 sec.)










What can you expect buying and holding a share of Canoo? (30 sec.)

How much money do you get?

How much money do you get?
$0.42
When do you have the money?
1 year
How often do you get paid?
11.1%

What is your share worth?

Current worth
$0.27
Expected worth in 1 year
$-0.29
How sure are you?
22.2%

+ What do you gain per year?

Total Gains per Share
$-0.14
Return On Investment
-4.2%

For what price can you sell your share?

Current Price per Share
$3.25
Expected price per share
$1.22 - $8.809
How sure are you?
50%

1. Valuation of Canoo (5 min.)




Live pricePrice per Share (EOD)

$3.25

Intrinsic Value Per Share

$-7.89 - $-8.83

Total Value Per Share

$-7.63 - $-8.56

2. Growth of Canoo (5 min.)




Is Canoo growing?

Current yearPrevious yearGrowGrow %
How rich?$165.6m$251.9m-$30.3m-13.7%

How much money is Canoo making?

Current yearPrevious yearGrowGrow %
Making money-$90m-$132.3m$42.2m46.9%
Net Profit Margin-5,393.7%-1,354.0%--

How much money comes from the company's main activities?

3. Financial Health of Canoo (5 min.)




4. Comparing to competitors in the Auto Manufacturers industry (5 min.)




  Industry Rankings (Auto Manufacturers)  


Richest
#92 / 122

Most Revenue
#118 / 122

Most Profit
#112 / 122

Most Efficient
#119 / 122

What can you expect buying and holding a share of Canoo? (5 min.)

Welcome investor! Canoo's management wants to use your money to grow the business. In return you get a share of Canoo.

What can you expect buying and holding a share of Canoo?

First you should know what it really means to hold a share of Canoo. And how you can make/lose money.

Speculation

The Price per Share of Canoo is $3.25. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Canoo.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Canoo, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $0.27. Based on the TTM, the Book Value Change Per Share is $-0.14 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.30 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.11 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Canoo.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.18-5.5%-0.20-6.0%-0.56-17.2%-0.29-8.8%-0.29-8.8%
Usd Book Value Change Per Share-0.19-6.0%-0.14-4.3%-0.30-9.2%0.010.5%0.010.5%
Usd Dividend Per Share0.000.0%0.113.3%0.000.0%0.092.7%0.092.7%
Usd Total Gains Per Share-0.19-6.0%-0.03-1.0%-0.30-9.2%0.103.1%0.103.1%
Usd Price Per Share0.49-0.71-4.24-6.23-6.23-
Price to Earnings Ratio-0.68--0.88--1.90--5.04--5.04-
Price-to-Total Gains Ratio-2.53--1.85-0.63--16.67--16.67-
Price to Book Ratio1.84-1.41-3.76-2.35-2.35-
Price-to-Total Gains Ratio-2.53--1.85-0.63--16.67--16.67-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.25
Number of shares307
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.110.09
Usd Book Value Change Per Share-0.140.01
Usd Total Gains Per Share-0.030.10
Gains per Quarter (307 shares)-10.4131.31
Gains per Year (307 shares)-41.66125.23
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1130-172-5210718115
2261-344-9421436240
3391-516-13632155365
4522-688-17842873490
5652-861-22053591615
6783-1033-262642109740
7913-1205-304749127865
81044-1377-346856146990
91174-1549-3889631641115
101305-1721-43010701821240

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%1.011.00.08.3%3.015.00.016.7%3.015.00.016.7%3.015.00.016.7%
Book Value Change Per Share0.04.00.00.0%2.010.00.016.7%3.013.02.016.7%3.013.02.016.7%3.013.02.016.7%
Dividend per Share1.00.03.025.0%2.00.010.016.7%2.00.016.011.1%2.00.016.011.1%2.00.016.011.1%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%4.012.02.022.2%4.012.02.022.2%4.012.02.022.2%

Fundamentals of Canoo

About Canoo Inc

Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an EV. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.

Fundamental data was last updated by Penke on 2024-03-20 19:24:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Canoo Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Canoo earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Canoo to the Auto Manufacturers industry mean.
  • A Net Profit Margin of -21,575.0% means that $-215.75 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Canoo Inc:

  • The MRQ is -21,575.0%. The company is making a huge loss. -2
  • The TTM is -5,393.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-21,575.0%TTM-5,393.7%-16,181.2%
TTM-5,393.7%YOY-1,354.0%-4,039.7%
TTM-5,393.7%5Y-1,550.5%-3,843.3%
5Y-1,550.5%10Y-1,550.5%0.0%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ-21,575.0%4.6%-21,579.6%
TTM-5,393.7%4.2%-5,397.9%
YOY-1,354.0%3.1%-1,357.1%
5Y-1,550.5%2.7%-1,553.2%
10Y-1,550.5%2.9%-1,553.4%
1.1.2. Return on Assets

Shows how efficient Canoo is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Canoo to the Auto Manufacturers industry mean.
  • -21.0% Return on Assets means that Canoo generated $-0.21 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Canoo Inc:

  • The MRQ is -21.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -17.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-21.0%TTM-17.7%-3.3%
TTM-17.7%YOY-30.0%+12.3%
TTM-17.7%5Y-14.0%-3.6%
5Y-14.0%10Y-14.0%0.0%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ-21.0%1.0%-22.0%
TTM-17.7%1.1%-18.8%
YOY-30.0%0.8%-30.8%
5Y-14.0%0.7%-14.7%
10Y-14.0%0.7%-14.7%
1.1.3. Return on Equity

Shows how efficient Canoo is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Canoo to the Auto Manufacturers industry mean.
  • -67.6% Return on Equity means Canoo generated $-0.68 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Canoo Inc:

  • The MRQ is -67.6%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -42.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-67.6%TTM-42.6%-25.0%
TTM-42.6%YOY-55.6%+13.0%
TTM-42.6%5Y-83.8%+41.2%
5Y-83.8%10Y-83.8%0.0%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ-67.6%3.0%-70.6%
TTM-42.6%2.8%-45.4%
YOY-55.6%2.4%-58.0%
5Y-83.8%2.1%-85.9%
10Y-83.8%2.2%-86.0%

1.2. Operating Efficiency of Canoo Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Canoo is operating .

  • Measures how much profit Canoo makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Canoo to the Auto Manufacturers industry mean.
  • An Operating Margin of -9,486.5% means the company generated $-94.87  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Canoo Inc:

  • The MRQ is -9,486.5%. The company is operating very inefficient. -2
  • The TTM is -2,371.6%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-9,486.5%TTM-2,371.6%-7,114.9%
TTM-2,371.6%YOY-1,419.2%-952.4%
TTM-2,371.6%5Y-912.6%-1,459.0%
5Y-912.6%10Y-912.6%0.0%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ-9,486.5%6.0%-9,492.5%
TTM-2,371.6%2.8%-2,374.4%
YOY-1,419.2%4.4%-1,423.6%
5Y-912.6%3.9%-916.5%
10Y-912.6%3.8%-916.4%
1.2.2. Operating Ratio

Measures how efficient Canoo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Manufacturers industry mean).
  • An Operation Ratio of 94.97 means that the operating costs are $94.97 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Canoo Inc:

  • The MRQ is 94.967. The company is inefficient in keeping operating costs low. -1
  • The TTM is 23.742. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ94.967TTM23.742+71.225
TTM23.742YOY13.936+9.806
TTM23.7425Y9.021+14.721
5Y9.02110Y9.0210.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ94.9671.639+93.328
TTM23.7421.577+22.165
YOY13.9361.629+12.307
5Y9.0211.638+7.383
10Y9.0211.355+7.666

1.3. Liquidity of Canoo Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Canoo is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Manufacturers industry mean).
  • A Current Ratio of 0.17 means the company has $0.17 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Canoo Inc:

  • The MRQ is 0.175. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.174. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.175TTM0.174+0.001
TTM0.174YOY0.957-0.783
TTM0.1745Y4.186-4.013
5Y4.18610Y4.1860.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1751.232-1.057
TTM0.1741.209-1.035
YOY0.9571.255-0.298
5Y4.1861.244+2.942
10Y4.1861.179+3.007
1.3.2. Quick Ratio

Measures if Canoo is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Canoo to the Auto Manufacturers industry mean.
  • A Quick Ratio of 0.14 means the company can pay off $0.14 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Canoo Inc:

  • The MRQ is 0.143. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.128. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.143TTM0.128+0.015
TTM0.128YOY0.806-0.678
TTM0.1285Y160.268-160.140
5Y160.26810Y160.2680.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1430.564-0.421
TTM0.1280.586-0.458
YOY0.8060.788+0.018
5Y160.2680.744+159.524
10Y160.2680.718+159.550

1.4. Solvency of Canoo Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Canoo assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Canoo to Auto Manufacturers industry mean.
  • A Debt to Asset Ratio of 0.69 means that Canoo assets are financed with 69.0% credit (debt) and the remaining percentage (100% - 69.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Canoo Inc:

  • The MRQ is 0.690. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.563. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.690TTM0.563+0.127
TTM0.563YOY0.442+0.121
TTM0.5635Y0.446+0.117
5Y0.44610Y0.4460.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6900.636+0.054
TTM0.5630.632-0.069
YOY0.4420.627-0.185
5Y0.4460.632-0.186
10Y0.4460.621-0.175
1.4.2. Debt to Equity Ratio

Measures if Canoo is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Canoo to the Auto Manufacturers industry mean.
  • A Debt to Equity ratio of 222.6% means that company has $2.23 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Canoo Inc:

  • The MRQ is 2.226. The company is just not able to pay all its debts with equity.
  • The TTM is 1.377. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ2.226TTM1.377+0.849
TTM1.377YOY0.820+0.557
TTM1.3775Y1.187+0.189
5Y1.18710Y1.1870.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2261.787+0.439
TTM1.3771.798-0.421
YOY0.8201.718-0.898
5Y1.1871.893-0.706
10Y1.1871.856-0.669

2. Market Valuation of Canoo Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Canoo generates.

  • Above 15 is considered overpriced but always compare Canoo to the Auto Manufacturers industry mean.
  • A PE ratio of -0.68 means the investor is paying $-0.68 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Canoo Inc:

  • The EOD is -4.508. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.680. Based on the earnings, the company is expensive. -2
  • The TTM is -0.884. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.508MRQ-0.680-3.828
MRQ-0.680TTM-0.884+0.204
TTM-0.884YOY-1.896+1.012
TTM-0.8845Y-5.043+4.159
5Y-5.04310Y-5.0430.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD-4.5086.531-11.039
MRQ-0.6805.781-6.461
TTM-0.8846.010-6.894
YOY-1.8966.056-7.952
5Y-5.0438.647-13.690
10Y-5.04314.215-19.258
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Canoo Inc:

  • The EOD is -6.881. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.037. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.970. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.881MRQ-1.037-5.843
MRQ-1.037TTM-0.970-0.067
TTM-0.970YOY-1.613+0.643
TTM-0.9705Y7.210-8.181
5Y7.21010Y7.2100.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD-6.8813.125-10.006
MRQ-1.0372.612-3.649
TTM-0.970-0.125-0.845
YOY-1.6130.002-1.615
5Y7.2100.519+6.691
10Y7.2100.199+7.011
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Canoo is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Manufacturers industry mean).
  • A PB ratio of 1.84 means the investor is paying $1.84 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Canoo Inc:

  • The EOD is 12.189. Based on the equity, the company is expensive. -2
  • The MRQ is 1.838. Based on the equity, the company is underpriced. +1
  • The TTM is 1.415. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD12.189MRQ1.838+10.352
MRQ1.838TTM1.415+0.423
TTM1.415YOY3.762-2.347
TTM1.4155Y2.346-0.931
5Y2.34610Y2.3460.000
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD12.1891.377+10.812
MRQ1.8381.423+0.415
TTM1.4151.508-0.093
YOY3.7621.641+2.121
5Y2.3461.672+0.674
10Y2.3462.3460.000
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Canoo Inc.

3.1. Institutions holding Canoo Inc

Institutions are holding 12.691% of the shares of Canoo Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Vanguard Group Inc2.33770.0002260368849049073.6006
2023-09-30Infini Capital Management Ltd1.50338.81341674037100
2023-12-31BlackRock Inc1.23820.000113791343352017234.2724
2023-12-31Geode Capital Management, LLC0.57180.00026368325168657236.0244
2023-12-31Charles Schwab Investment Management Inc0.35150.00033914481169373976.2691
2023-12-31State Street Corporation0.241202686011106389865.5872
2023-12-31Qube Research & Technologies0.23970.0013267024226702420
2023-09-30Point72 Asset Management, L.P.0.17570.002819567551151673143.0504
2023-12-31Morgan Stanley - Brokerage Accounts0.13920155028271825986.3268
2023-12-31Northern Trust Corp0.10430.0001116158311209110.6805
2023-12-31Susquehanna International Group, LLP0.09910.00011104077713982183.0277
2023-12-31EP Wealth Advisors, Inc.0.08980.00331000000729236269.3253
2023-12-31Goldman Sachs Group Inc0.08440940094789585524.6098
2023-12-31Bank of America Corp0.06560730336619181557.0429
2023-12-31Group One Trading, LP0.06060.0005675205366322118.5957
2023-12-31Amundi0.0290323479-64679-16.6631
2023-12-31Barclays PLC0.0280311561224773258.9909
2023-12-31HRT FINANCIAL LLC0.02740.00063055713055710
2023-12-31Millennium Management LLC0.02520280291-2291046-89.0994
2023-12-31Bank of New York Mellon Corp0.02020224949113092101.1041
Total 7.431638.822982771840+15027570+18.2%

3.2. Funds holding Canoo Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-01-31Vanguard Total Stock Mkt Idx Inv1.62940.000318148212240110015.2479
2024-01-31Vanguard Institutional Extnd Mkt Idx Tr0.63830.0015710919600
2024-02-29iShares Core S&P Total US Stock Mkt ETF0.61670.0014686892800
2024-01-31Fidelity Extended Market Index0.2910.0019324074500
2024-02-29Schwab US Small-Cap ETF™0.24830.0018276592700
2024-01-31Vanguard Consumer Discretionary ETF0.21570.00842402938767393.2989
2023-12-31BlackRock Extended Equity Market K0.13260.0028147744354550158.5338
2023-09-30BlackRock Extended Mkt Composite0.09570.0037106608336593452.2652
2024-01-31Fidelity Total Market Index0.08190.000291246700
2024-01-31Fidelity Series Total Market Index0.06880.000276612800
2024-02-29Schwab US Broad Market ETF™0.06210.000369211100
2024-01-31Fidelity Nasdaq Composite Index0.0580.000964602600
2023-12-31NT Ext Equity Mkt Idx Fd - NL0.05450.002560653319538947.5233
2024-01-31Schwab Total Stock Market Index0.0490.000554624700
2023-12-31NT Ext Equity Mkt Idx Fd - L0.04720.002352576215044640.0852
2023-12-31Northern Trust Extended Eq Market Idx0.04720.002352576215044640.0852
2023-12-31NT Ext Equity Mkt Idx Fd - DC - NL - T20.04370.002548713115754547.8009
2024-01-31Vanguard Balanced Index Inv0.03140.000135020000
2024-01-31Vanguard Instl Ttl Stk Mkt Idx InstlPls0.02910.000232422000
2023-10-31Vanguard Instl Ttl Stck Mkt Idx Tr0.02910.0003324220-12864477-97.5417
Total 4.46970.034149786279-8821377-17.7%

3.3. Insider Transactions

Insiders are holding 2.724% of the shares of Canoo Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2022-06-23Ruiz Hector M.SELL40632.36273746
2022-06-23Murthy RameshSELL7492.36281170

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Canoo Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.194-0.140-28%-0.298+54%0.015-1408%0.015-1408%
Book Value Per Share--0.2670.514-48%1.038-74%2.017-87%2.017-87%
Current Ratio--0.1750.174+1%0.957-82%4.186-96%4.186-96%
Debt To Asset Ratio--0.6900.563+23%0.442+56%0.446+55%0.446+55%
Debt To Equity Ratio--2.2261.377+62%0.820+172%1.187+87%1.187+87%
Dividend Per Share---0.106-100%-0%0.087-100%0.087-100%
Eps---0.180-0.196+9%-0.560+210%-0.285+58%-0.285+58%
Free Cash Flow Per Share---0.118-0.180+52%-0.621+426%-0.295+149%-0.295+149%
Free Cash Flow To Equity Per Share--0.0050.006-9%-0.451+8525%0.387-99%0.387-99%
Gross Profit Margin--1.0001.0000%1.0000%1.027-3%1.027-3%
Intrinsic Value_10Y_max---8.830--------
Intrinsic Value_10Y_min---7.892--------
Intrinsic Value_1Y_max---1.449--------
Intrinsic Value_1Y_min---1.424--------
Intrinsic Value_3Y_max---3.925--------
Intrinsic Value_3Y_min---3.755--------
Intrinsic Value_5Y_max---5.881--------
Intrinsic Value_5Y_min---5.496--------
Market Cap185049475.000-65%304430140.000305192935.2000%1010216441.250-70%980751889.933-69%980751889.933-69%
Net Profit Margin---215.750-53.937-75%-13.540-94%-15.505-93%-15.505-93%
Operating Margin---94.865-23.716-75%-14.192-85%-9.126-90%-9.126-90%
Operating Ratio--94.96723.742+300%13.936+581%9.021+953%9.021+953%
Pb Ratio12.189+85%1.8381.415+30%3.762-51%2.346-22%2.346-22%
Pe Ratio-4.508-563%-0.680-0.884+30%-1.896+179%-5.043+642%-5.043+642%
Price Per Share3.250+85%0.4900.713-31%4.241-88%6.233-92%6.233-92%
Price To Free Cash Flow Ratio-6.881-563%-1.037-0.970-6%-1.613+56%7.210-114%7.210-114%
Price To Total Gains Ratio-16.776-563%-2.529-1.850-27%0.630-501%-16.667+559%-16.667+559%
Quick Ratio--0.1430.128+12%0.806-82%160.268-100%160.268-100%
Return On Assets---0.210-0.177-16%-0.300+43%-0.140-33%-0.140-33%
Return On Equity---0.676-0.426-37%-0.556-18%-0.838+24%-0.838+24%
Total Gains Per Share---0.194-0.034-82%-0.298+54%0.102-290%0.102-290%
Usd Book Value--165652000.000221680500.000-25%251981000.000-34%286827166.667-42%286827166.667-42%
Usd Book Value Change Per Share---0.194-0.140-28%-0.298+54%0.015-1408%0.015-1408%
Usd Book Value Per Share--0.2670.514-48%1.038-74%2.017-87%2.017-87%
Usd Dividend Per Share---0.106-100%-0%0.087-100%0.087-100%
Usd Eps---0.180-0.196+9%-0.560+210%-0.285+58%-0.285+58%
Usd Free Cash Flow---73362000.000-78969000.000+8%-150373250.000+105%-71330833.333-3%-71330833.333-3%
Usd Free Cash Flow Per Share---0.118-0.180+52%-0.621+426%-0.295+149%-0.295+149%
Usd Free Cash Flow To Equity Per Share--0.0050.006-9%-0.451+8525%0.387-99%0.387-99%
Usd Market Cap185049475.000-65%304430140.000305192935.2000%1010216441.250-70%980751889.933-69%980751889.933-69%
Usd Price Per Share3.250+85%0.4900.713-31%4.241-88%6.233-92%6.233-92%
Usd Profit---111974000.000-90076250.000-20%-132353000.000+18%-65983277.778-41%-65983277.778-41%
Usd Revenue--519000.000129750.000+300%637500.000-19%312166.667+66%312166.667+66%
Usd Total Gains Per Share---0.194-0.034-82%-0.298+54%0.102-290%0.102-290%
 EOD+3 -5MRQTTM+10 -25YOY+15 -185Y+10 -2610Y+10 -26

4.2. Fundamental Score

Let's check the fundamental score of Canoo Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.508
Price to Book Ratio (EOD)Between0-112.189
Net Profit Margin (MRQ)Greater than0-215.750
Operating Margin (MRQ)Greater than0-94.865
Quick Ratio (MRQ)Greater than10.143
Current Ratio (MRQ)Greater than10.175
Debt to Asset Ratio (MRQ)Less than10.690
Debt to Equity Ratio (MRQ)Less than12.226
Return on Equity (MRQ)Greater than0.15-0.676
Return on Assets (MRQ)Greater than0.05-0.210
Total1/10 (10.0%)

4.3. Technical Score

Let's check the technical score of Canoo Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.963
Ma 20Greater thanMa 502.600
Ma 50Greater thanMa 1003.166
Ma 100Greater thanMa 2004.586
OpenGreater thanClose3.510
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets534,346
Total Liabilities368,694
Total Stockholder Equity165,652
 As reported
Total Liabilities 368,694
Total Stockholder Equity+ 165,652
Total Assets = 534,346

Assets

Total Assets534,346
Total Current Assets32,789
Long-term Assets501,557
Total Current Assets
Cash And Cash Equivalents 8,260
Net Receivables 18,532
Inventory 5,684
Other Current Assets 313
Total Current Assets  (as reported)32,789
Total Current Assets  (calculated)32,789
+/-0
Long-term Assets
Property Plant Equipment 405,624
Long-term Assets Other 35,158
Long-term Assets  (as reported)501,557
Long-term Assets  (calculated)440,782
+/- 60,775

Liabilities & Shareholders' Equity

Total Current Liabilities187,638
Long-term Liabilities181,056
Total Stockholder Equity165,652
Total Current Liabilities
Short-term Debt 45,645
Short Long Term Debt 45,645
Accounts payable 78,045
Other Current Liabilities 538
Total Current Liabilities  (as reported)187,638
Total Current Liabilities  (calculated)169,873
+/- 17,765
Long-term Liabilities
Long term Debt 44,836
Capital Lease Obligations 36,523
Long-term Liabilities Other 24,046
Long-term Liabilities  (as reported)181,056
Long-term Liabilities  (calculated)105,405
+/- 75,651
Total Stockholder Equity
Common Stock65
Retained Earnings -1,453,399
Other Stockholders Equity 1,618,986
Total Stockholder Equity (as reported)165,652
Total Stockholder Equity (calculated)165,652
+/-0
Other
Capital Stock65
Cash and Short Term Investments 8,260
Common Stock Shares Outstanding 621,286
Current Deferred Revenue63,410
Liabilities and Stockholders Equity 534,346
Net Debt 118,744
Net Invested Capital 256,133
Net Working Capital -154,849
Property Plant and Equipment Gross 449,644
Short Long Term Debt Total 127,004



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
305,650
0
0
308,512
310,067
309,464
197,617
753,470
717,833
711,524
614,547
523,074
419,961
397,513
444,786
496,472
488,116
522,096
534,346
534,346522,096488,116496,472444,786397,513419,961523,074614,547711,524717,833753,470197,617309,464310,067308,51200305,650
   > Total Current Assets 
1,968
0
0
1,174
907
664
154,276
708,885
657,564
576,910
430,860
291,306
142,747
70,566
40,412
52,319
26,997
25,503
32,789
32,78925,50326,99752,31940,41270,566142,747291,306430,860576,910657,564708,885154,2766649071,174001,968
       Cash And Cash Equivalents 
1,826
0
0
1,124
801
613
148,836
702,422
641,925
563,565
414,904
224,721
104,926
33,799
6,815
36,589
6,715
4,993
8,260
8,2604,9936,71536,5896,81533,799104,926224,721414,904563,565641,925702,422148,8366138011,124001,826
       Short-term Investments 
303,682
0
0
307,338
309,160
308,800
306,566
0
0
0
0
7,030
4,325
2,679
2,977
3,755
0
0
0
0003,7552,9772,6794,3257,0300000306,566308,800309,160307,33800303,682
       Net Receivables 
0
0
0
0
0
0
0
1,246
993
31,429
28,319
30,440
0
0
28,529
3,426
15,007
3,788
18,532
18,5323,78815,0073,42628,5290030,44028,31931,4299931,2460000000
       Other Current Assets 
0
0
0
0
500
500
4,940
6,463
15,639
13,345
14,546
63,814
562
1,807
809
9,350
170
11,410
313
31311,4101709,3508091,80756263,81414,54613,34515,6396,4634,9405005000000
   > Long-term Assets 
303,682
0
0
307,338
309,160
308,800
43,341
44,585
60,269
134,614
183,687
231,768
277,214
326,947
404,374
444,153
461,119
496,593
501,557
501,557496,593461,119444,153404,374326,947277,214231,768183,687134,61460,26944,58543,341308,800309,160307,33800303,682
       Property Plant Equipment 
0
0
0
0
36,772
36,772
39,242
43,339
59,276
103,185
155,368
216,542
250,562
302,046
330,443
350,731
367,689
400,557
405,624
405,624400,557367,689350,731330,443302,046250,562216,542155,368103,18559,27643,33939,24236,77236,7720000
       Long-term Assets Other 
303,682
0
0
307,338
309,160
308,800
4,099
-126,957
993
31,429
28,319
15,226
26,652
24,901
14,256
32,647
32,655
35,261
35,158
35,15835,26132,65532,64714,25624,90126,65215,22628,31931,429993-126,9574,099308,800309,160307,33800303,682
> Total Liabilities 
10,440
0
0
12,460
12,947
12,744
575,681
181,615
107,555
188,288
153,079
179,075
172,252
209,168
216,915
259,899
236,364
289,351
368,694
368,694289,351236,364259,899216,915209,168172,252179,075153,079188,288107,555181,615575,68112,74412,94712,4600010,440
   > Total Current Liabilities 
261
0
0
2,281
2,768
2,565
15,091
27,868
36,438
116,246
106,710
136,192
132,902
179,729
183,194
218,278
174,780
202,358
187,638
187,638202,358174,780218,278183,194179,729132,902136,192106,710116,24636,43827,86815,0912,5652,7682,28100261
       Short-term Debt 
0
0
0
0
0
0
424
444
14,120
13,941
0
788
0
0
12,500
34,829
0
32,612
45,645
45,64532,612034,82912,50000788013,94114,120444424000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,500
34,829
0
32,612
45,645
45,64532,612034,82912,50000000000000000
       Accounts payable 
53
0
0
46
53
10
3,756
17,243
17,793
51,778
63,322
52,267
80,930
93,640
96,576
103,187
88,835
84,425
78,045
78,04584,42588,835103,18796,57693,64080,93052,26763,32251,77817,79317,2433,7561053460053
       Other Current Liabilities 
208
0
0
2,235
2,715
2,555
10,911
10,181
18,645
64,468
43,388
83,137
51,972
86,089
74,118
80,262
85,945
4,359
538
5384,35985,94580,26274,11886,08951,97283,13743,38864,46818,64510,18110,9112,5552,7152,23500208
   > Long-term Liabilities 
10,179
0
0
10,179
10,179
10,179
560,590
153,747
71,117
72,042
46,369
42,883
39,350
29,439
33,721
41,621
61,584
86,993
181,056
181,05686,99361,58441,62133,72129,43939,35042,88346,36972,04271,117153,747560,59010,17910,17910,1790010,179
       Other Liabilities 
0
0
0
0
0
0
0
133,542
50,054
58,101
32,337
29,057
13,592
4,121
6,188
3,013
23,508
25,718
0
025,71823,5083,0136,1884,12113,59229,05732,33758,10150,054133,5420000000
       Deferred Long Term Liability 
0
0
0
0
0
0
3,561
0
0
0
0
0
0
0
0
0
23,000
0
0
0023,0000000000003,561000000
> Total Stockholder Equity
5,000
0
0
5,000
5,000
5,000
-378,064
571,855
610,278
523,236
461,468
343,999
247,709
188,345
227,871
236,573
251,752
232,745
165,652
165,652232,745251,752236,573227,871188,345247,709343,999461,468523,236610,278571,855-378,0645,0005,0005,000005,000
   Common Stock
290,211
0
0
291,052
292,121
291,721
286,733
24
24
24
24
24
24
26
29
35
47
56
65
655647352926242424242424286,733291,721292,121291,05200290,211
   Retained Earnings 
315
0
0
1,157
2,226
1,826
-378,224
-348,493
-360,588
-473,142
-554,017
-692,129
-817,496
-981,888
-1,099,593
-1,179,823
-1,270,555
-1,341,425
-1,453,399
-1,453,399-1,341,425-1,270,555-1,179,823-1,099,593-981,888-817,496-692,129-554,017-473,142-360,588-348,493-378,2241,8262,2261,15700315
   Capital Surplus 
0
0
0
0
0
0
0
920,324
970,842
996,354
1,015,461
1,036,104
1,065,181
1,170,207
1,327,435
0
1,522,260
1,574,114
0
01,574,1141,522,26001,327,4351,170,2071,065,1811,036,1041,015,461996,354970,842920,3240000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
-285,526
0
0
-287,209
-289,347
-288,547
-286,573
920,324
970,842
996,354
1,015,461
1,036,104
1,065,181
1,170,207
1,327,435
1,416,361
1,522,260
1,574,114
1,618,986
1,618,9861,574,1141,522,2601,416,3611,327,4351,170,2071,065,1811,036,1041,015,461996,354970,842920,324-286,573-288,547-289,347-287,20900-285,526



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue519
Cost of Revenue-903
Gross Profit-384-384
 
Operating Income (+$)
Gross Profit-384
Operating Expense-287,553
Operating Income-287,034-287,937
 
Operating Expense (+$)
Research Development151,860
Selling General Administrative121,624
Selling And Marketing Expenses-
Operating Expense287,553273,484
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-6,815
Net Interest Income-6,815
 
Pretax Income (+$)
Operating Income-287,034
Net Interest Income-6,815
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-353,806-287,034
EBIT - interestExpense = 0
-353,806
-353,806
Interest Expense-
Earnings Before Interest and Taxes (EBIT)--353,806
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-353,806
Tax Provision-0
Net Income From Continuing Ops-353,806-353,806
Net Income-353,806
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-6,815
 

Technical Analysis of Canoo
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Canoo. The general trend of Canoo is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Canoo's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Canoo Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 5.1037 < 7.084 < 8.809.

The bearish price targets are: 1.22.

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Canoo Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Canoo Inc. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Canoo Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Canoo Inc. The current macd is 0.18205265.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Canoo price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Canoo. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Canoo price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Canoo Inc Daily Moving Average Convergence/Divergence (MACD) ChartCanoo Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Canoo Inc. The current adx is 32.17.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Canoo shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Canoo Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Canoo Inc. The current sar is 1.89352774.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Canoo Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Canoo Inc. The current rsi is 52.96. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
Canoo Inc Daily Relative Strength Index (RSI) ChartCanoo Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Canoo Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canoo price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Canoo Inc Daily Stochastic Oscillator ChartCanoo Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Canoo Inc. The current cci is 60.90.

Canoo Inc Daily Commodity Channel Index (CCI) ChartCanoo Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Canoo Inc. The current cmo is 7.42494576.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Canoo Inc Daily Chande Momentum Oscillator (CMO) ChartCanoo Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Canoo Inc. The current willr is -43.43513152.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Canoo is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Canoo Inc Daily Williams %R ChartCanoo Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Canoo Inc.

Canoo Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Canoo Inc. The current atr is 0.61908014.

Canoo Inc Daily Average True Range (ATR) ChartCanoo Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Canoo Inc. The current obv is 44,179,768.

Canoo Inc Daily On-Balance Volume (OBV) ChartCanoo Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Canoo Inc. The current mfi is 73.03.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Canoo Inc Daily Money Flow Index (MFI) ChartCanoo Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Canoo Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-10RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-31CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-22MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).

6.3. Candlestick Patterns

Canoo Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Canoo Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.963
Ma 20Greater thanMa 502.600
Ma 50Greater thanMa 1003.166
Ma 100Greater thanMa 2004.586
OpenGreater thanClose3.510
Total2/5 (40.0%)
Penke

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