|Bid||7.97 x 800|
|Ask||7.98 x 1100|
|Day's range||7.40 - 8.15|
|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|
Canoo (GOEV) selects Panasonic for the supply of batteries for its upcoming Lifestyle vehicle.
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.