Canoo (GOEV) Scheduled to Post Earnings on Tuesday

Canoo (NYSE:GOEV) is set to issue its quarterly earnings data after the market closes on Tuesday, November 14th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Canoo (NYSE:GOEV) last issued its earnings results on Monday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. On average, analysts expect Canoo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Canoo Trading Up 8.2 %

Shares of GOEV opened at $0.25 on Friday. Canoo has a 1 year low of $0.22 and a 1 year high of $1.68. The stock has a 50 day simple moving average of $0.39 and a 200-day simple moving average of $0.52. The stock has a market cap of $153.94 million, a PE ratio of -0.24 and a beta of 1.31.

Analyst Upgrades and Downgrades

GOEV has been the subject of a number of recent research reports. Alliance Global Partners initiated coverage on Canoo in a report on Thursday, August 24th. They issued a “buy” rating and a $1.55 target price for the company. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Canoo in a report on Tuesday, August 15th.

Institutional Investors Weigh In On Canoo

A number of hedge funds and other institutional investors have recently bought and sold shares of GOEV. Advisor Group Holdings Inc. increased its stake in shares of Canoo by 23.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 40,363 shares of the company’s stock valued at $223,000 after buying an additional 7,544 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Canoo by 34.5% in the 1st quarter. JPMorgan Chase & Co. now owns 104,860 shares of the company’s stock valued at $579,000 after buying an additional 26,901 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Canoo by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 386,691 shares of the company’s stock valued at $2,135,000 after buying an additional 8,479 shares during the period. MetLife Investment Management LLC increased its stake in shares of Canoo by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 63,583 shares of the company’s stock valued at $351,000 after buying an additional 23,084 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Canoo in the 1st quarter valued at $67,000. 36.23% of the stock is owned by institutional investors and hedge funds.

About Canoo

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.