Canoo Inc. is a United States-based automotive company headquartered in Torrance, California (U.S.). In this article, we will explore all the factors that influence its stock and then discuss the forecast price from 2024 to 2050 based on its past performance, current market trends, and other factors that influence this stock.
Detail Overview of Canoo Inc. (NASDAQ: GOEV)
Canoo Inc. was established in 2018 and listed on the NASDAQ stock exchange. It differs from other electric vehicle manufacturers because of its subscription-based business model and highly flexible products. Canoo manufactures everything from consumer vehicles to electric delivery vans.
LDV 130, LDV 190, LV, Pickup, and MPDV are the main and highly selling vehicles of Canoo Inc. This is listed on the NASDAQ stock exchange under the ticker symbol GOEV.
The market cap of this stock is 84.20M USD and the other information about this company is presented in the table below.
| Canoo Inc Overview | |
| Details | Information |
| Stock Name | Canoo Inc |
| Stock Symbol | GOEV |
| Stock Exchange | NASDAQ |
| Market Cap | 41.02MÂ USD |
| Founder | Tony Aquila |
| Founded Year | 2018 |
| Headquarter | Torrance, California United States |
Fundamentals & Other Imp. Info of Canoo Stock
For the last one or two years, Canoo stock has had a continuous downfall in the market. The current Return on Equity of this stock is -128.71% which is not a good signal for retail investors and the EPS is -0.09 which is also in bad condition from last year. Equity debt is 40.5% of this stock and the total asset is 542.01M.
| Company Info | Data |
| Previous Close | $0.47 |
| Day Range | $0.48Â –Â $0.53 |
| 52 Week High/Low Range | $0.37Â –Â $8.81 |
| AVG Volume | 6.77M |
| Revenue Growth % (Yearly) | – |
| Net Income | -302.02M |
| ROE | -128.71% |
| EPS | -0.09 |
| P/B Ratio | 0.4258 |
| P/E Ratio | – |
| Dividend Yield | – |
| Debt to Equity | 40.5% |
| Total Assets | 542.01M |
| EBITDA Margin | -253.98M |
Past Growing History of Canoo Stock Price
Canoo stock was listed on April 4, 2014, starting from $222.64, and after 6 years of listing, It means in the year 2020, there was no volatility noticed in this stock.
This stock was traded at $335 in Nov 2020 but after November this stock suddenly touched its historical price and traded at $466.44 on Dec 11, 2020. But after this price, we see in the graph below, that this stock was continuously down and currently traded at $0.95.
| Time | Per Stock Price |
| Before 5 Day | $0.56 |
| Before 1 Month | $0.95 |
| Before 6 Month | $2.73 |
| Before 1 Year | $7.91 |
| Before 5 Year | $231.15 |
| All Time Max | $466.44 |
Canoo Stock Price Prediction From 2024 to 2035
After overviewing the various factors regarding the prediction of this stock, we are providing you with the forecast price of this stock from 2024 to 2035.
| Year | Minimum Per Stock Price | Maximum per Stock Price |
| 2024 | $1.20 | $2.15 |
| 2025 | $1.65 | $1.85 |
| 2026 | $2.10 | $2.85 |
| 2027 | $2.45 | $3.90 |
| 2028 | $3.10 | $4.01 |
| 2029 | $3.75 | $4.80 |
| 2030 | $4.05 | $4.95 |
| 2031 | $4.15 | $5.05 |
| 2032 | $4.50 | $5.25 |
| 2033 | $4.85 | $5.75 |
| 2034 | $5.05 | $5.90 |
| 2035 | $5.80 | $6.35 |
Short Term forecast of Canoo Stock
If we talk about the short-term forecast of Canoo stock then this stock is expected to hit $2.15 at the last of the year. This stock started at $5.48 this year but Canoo was unsuccessful in backing its previous stock price.
| Year | 2024 |
| Minimum Per Stock Price | $2.15 |
| Maximum per Stock Price | $1.15 |
Canoo Stock Forecast 2025
Canoo’s stock forecast for 2025 is expected to reach $1.85 at the end of the year. According to the expert, Canoo should improve its business policy and model because its unable to grow in the last few years.
| Year | 2025 |
| Minimum Per Stock Price | $1.65 |
| Maximum per Stock Price | $1.85 |
Canoo Stock Forecast 2026
Canoo’s stock forecast for 2026 will be between $2.10 to $2.85 from the start to the end of the year. It means this stock touched $2.10 after the year 2025 starts from this price and hit $2.85 at the end of the year.
| Year | 2026 |
| Minimum Per Stock Price | $2.10 |
| Maximum per Stock Price | $2.85 |
Canoo Stock Price Prediction 2027
Canoo’s stock price prediction for 2027 is estimated to be $2.45 at the start of the year and this stock may be touched $3.90 at the end of the year.
| Year | 2027 |
| Minimum Per Stock Price | $2.45 |
| Maximum per Stock Price | $3.90 |
Canoo Stock Forecast 2030
Canoo’s stock price prediction for 2030 is estimated to be $4.05 and according to the favorable condition of the market, this stock may be reached at $4.95.
| Year | 2024 |
| Minimum Per Stock Price | $4.05 |
| Maximum per Stock Price | $4.95 |
Checkout:[New] Iren Stock Forecast & Price Prediction From 2025 to 2030
Canoo Stock Price Prediction 2035
The price prediction of Canoo stock for 2035 is estimated to be $5.80 and if it maintains its previous trend after the year 2025, then it can be touched by $6.35 at the end.
| Year | 2035 |
| Minimum Per Stock Price | $5.80 |
| Maximum per Stock Price | $6.35 |
Canoo Stock Forecast 2040
The stock price forecast of Canno Inc. for the year 2040 will be expected to be $10.50 to $12.75 by machine learning technology and experts.
| Year | 2040 |
| Minimum Per Stock Price | $10.50 |
| Maximum per Stock Price | $12.75 |
Canoo Stock Forecast 2050
The stock price forecast of Canoo for 2050 will be expected at $50.85 at the start of the year and hit at $95.40 at the end of the year.
| Year | 2050 |
| Minimum Per Stock Price | $50.85 |
| Maximum per Stock Price | $95.40 |
Canoo Stock Forecast From 2025 To 2050
Finally, you can see all forecast prices in a single chart that is present below and you can see the yearly forecast with the help of this chart. So you can see the Canoo stock may be grow in the future because it innovates the business model.
| Year | Minimum Per Stock Price | Maximum per Stock Price |
| 2025 | $1.65 | $1.85 |
| 2026 | $2.10 | $2.85 |
| 2027 | $2.45 | $3.90 |
| 2028 | $3.10 | $4.01 |
| 2029 | $3.75 | $4.80 |
| 2030 | $4.05 | $4.95 |
| 2035 | $5.80 | $6.35 |
| 2040 | $10.50 | $12.75 |
| 2050 | $50.85 | $95.40 |
Major Shareholder of Canoo Stock
You can see the major shareholders of this stock that is Blackrock Inc. at the top of the list because it holds 3.92M shares of this company.
The second largest shareholder is Vanguard Group Inc. which holds 2.7M shares of this company and the third largest shareholder of this company is State Street Corporation which holds 2.25M shares of this company.
| Shareholder | No of Share |
| Blackrock Inc | 3.92M |
| Vanguard Group Inc | 2.7M |
| State Street Corporation | 2.25M |
| Geode Capital Management, LLC | 1.34M |
| LMR Partners LLP | 559.5K |
| Federation Des Caisses Desjardins Du Quebec | 1K |
Other Imp Shareholders of Canoo Stock
- Susquehanna International Group, Llp
- VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
- VEXMX – Vanguard Extended Market Index Fund Investor Shares
- Jane Street Group, Llc
- FSSNX – Fidelity Small Cap Index Fund Etc.
FAQs
What makes Canoo different from other EV companies?
Canoo makes Electric Vehicles from consumer vehicles to vans but it differs from others because of its subscription-based business model.
What are the major risks of investing in Canoo stock?
The major risk is, that this industry is highly competitive and the Canoo is unable to gain its original or starting price in the stock market.
Will Canoo be profitable by 2025?
The profitability depends on its scaled business and after analyzing all influencing factors, I want to tell you that you have to wait to invest in this stock.
What is the Canoo Stock Forecast for 2025?
Canoo’s Stock Forecast for 2025 will be between $1.65 to $1.85 per share.
What is the Canoo Stock Forecast for 2026?
Canoo’s Stock Forecast for 2026 will be between $2.10 to $2.85 per share.
What is the Canoo Stock Forecast for 2030?
Canoo’s Stock Forecast for 2030 will be between $4.05 to $4.95 per share.
What is the Canoo Stock Forecast for 2040?
Canoo’s Stock Forecast for 2040 will be between $10.50 to $12.75 per share.
Conclusion
Canoo stock is not in good condition at this time and as you know our article is not paid promoted. So here you find only genuine updates and guidance. So dear friends this stock is currently not in good condition because you see in the above images this stock is continuously down and unable to back its original price.
Disclaimer- This is not investment advice, If any emergency will be created in the future then our forecast may be changed. So please analyze this stock by yourself and take a piece of advice from your expert before investing.