H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Canoo (GOEV – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $0.62.
Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ceco Environmental, and Lsi Industries. According to TipRanks, Dayal has an average return of 39.2% and a 41.68% success rate on recommended stocks.
Currently, the analyst consensus on Canoo is a Moderate Buy with an average price target of $10.00.
See Insiders’ Hot Stocks on TipRanks >>
Based on Canoo’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $117.71 million. In comparison, last year the company had a net profit of $0
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOEV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hennessy Capital Acquisition Corp. IV operates as a blank check company. It has no operations nor does it currently engage in any business activities generating revenues. The company was founded in August 2018 and is headquartered in Wilson, WY.
Read More on GOEV:
- CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2022 FINANCIAL RESULTS
- Canoo Inc. (GOEV) Q4 Earnings Cheat Sheet
- Canoo options imply 18.3% move in share price post-earnings
- Largest borrow rate increases among liquid names
- Short Report: Bearish bets in crypto, EV technology recede amid profit-taking
