|Bid||7.21 x 2200|
|Ask||7.31 x 1800|
|Day's range||7.11 - 7.36|
|52-week range||5.75 - 24.90|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||16 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.50|
Names in the electric vehicle sector sometimes move as a group, but three stocks that are doing their own thing today are Nio (NYSE: NIO), Nikola (NASDAQ: NKLA), and Canoo (NASDAQ: GOEV). As of 11:30 a.m. EDT, Nio shares were about 2% higher, while Nikola shares were up nearly 5%. Canoo's move makes sense.
Amid an unclear revenue generation path, mounting expenses, and high competition, Canoo (GOEV) seems to be a speculative stock. So, don't give in to the temptation of buying the stock amid the meme madness.
The Reddit crowd doesn't seem to have given up on GameStop (NYSE: GME) yet, but it seems to be paying more attention to other names it thinks it can drive into a short squeeze. In Friday trading, GameStop dipped, but electric vehicle start-up Canoo (NASDAQ: GOEV) and independent oil and natural gas company Camber Energy (NYSEMKT: CEI) are soaring, with chatter on the latter two names picking up on Reddit. GameStop had dropped 2.9%.