|Bid||3.3600 x 1300|
|Ask||3.3700 x 800|
|Day's range||3.2700 - 3.7100|
|52-week range||2.5500 - 13.3500|
|Beta (5Y monthly)||0.21|
|PE ratio (TTM)||N/A|
|Earnings date||15 Aug 2022 - 19 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.25|
While Rivian (RIVN) and Lordstown (RIDE) post a narrower-than-expected loss in Q1, ElectraMeccanica (SOLO), Canoo (GOEV) and Workhorse (WKHS) incur a wider-than-anticipated loss.
Specialty EV maker Canoo (NASDAQ: GOEV) reported its first-quarter financial update last night, and it gave investors a warning they didn't want to hear. The drop extended the stock's downward trend this year, with it dropping over 35% in just the last month. Rather it was a warning in the company's Securities and Exchange Commission (SEC) filing.
The stocks of three struggling electric vehicle (EV) companies are jumping today. Shares of Workhorse Group (NASDAQ: WKHS) and Lordstown Motors (NASDAQ: RIDE) are down between 60% and 70% in the last 12 months. As of 3:35 p.m. ET, Workhorse, Lordstown, and Canoo shares were up 12.7%, 17.1%, and 14.9%, respectively.