Canoo Inc(GOEV) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about GOEV. We will be studying the movement so you can make the best decision as an investor.
First, here is information about the company and how it functions: Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 350 employees from leading technology and automotive companies – Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. Canoo expects to launch its first consumer model in 2022, simply named the canoo and available by subscription, followed shortly after by a multi-purpose delivery vehicle and a sport vehicle, each built off of the same underlying platform.
The stock has moved upwards today by 1.77%. The high for today is 9.63 and today’s low is 9.11. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending upwards, which means the volume of people buying this stock is greater than people selling it. Next we will be going over the forecast.
As an investor, you can get an idea where the stock is trending by the forecast. In this case the high forecast for Canoo Inc is $45.00 and the low forecast is $23.00. We can get a look into the future by looking at past trends. Looking at Canoo Inc’s 5 year movement it seems it has fallen 6.50%. Overall, Canoo Inc is in great shape going forward. They have a strong market cap of $2.18B and a very bright future ahead fo them.