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Canoo (GOEV) Competitors

Canoo logo
$0.09 -0.01 (-9.23%)
(As of 12/20/2024 05:51 PM ET)

GOEV vs. WKHS, ECDA, CENN, WKSP, GP, EVTV, UCAR, AIEV, SVMH, and PEV

Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Workhorse Group (WKHS), ECD Automotive Design (ECDA), Cenntro (CENN), Worksport (WKSP), GreenPower Motor (GP), Envirotech Vehicles (EVTV), U Power (UCAR), Thunder Power (AIEV), SRIVARU (SVMH), and Phoenix Motor (PEV). These companies are all part of the "automobiles and trucks" industry.

Canoo vs.

Workhorse Group (NASDAQ:WKHS) and Canoo (NASDAQ:GOEV) are both small-cap auto/tires/trucks companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, institutional ownership, media sentiment, community ranking, valuation, earnings, dividends, analyst recommendations and risk.

Workhorse Group has a beta of 2.63, meaning that its share price is 163% more volatile than the S&P 500. Comparatively, Canoo has a beta of 1.14, meaning that its share price is 14% more volatile than the S&P 500.

Workhorse Group received 417 more outperform votes than Canoo when rated by MarketBeat users. Likewise, 77.33% of users gave Workhorse Group an outperform vote while only 53.49% of users gave Canoo an outperform vote.

CompanyUnderperformOutperform
Workhorse GroupOutperform Votes
440
77.33%
Underperform Votes
129
22.67%
CanooOutperform Votes
23
53.49%
Underperform Votes
20
46.51%

16.0% of Workhorse Group shares are held by institutional investors. Comparatively, 36.2% of Canoo shares are held by institutional investors. 1.9% of Workhorse Group shares are held by insiders. Comparatively, 7.1% of Canoo shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Workhorse Group has higher revenue and earnings than Canoo. Workhorse Group is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Workhorse Group$9.10M3.62-$123.92M-$7.98-0.10
Canoo$1.86M4.44-$302.02M-$3.53-0.02

Canoo has a net margin of 0.00% compared to Workhorse Group's net margin of -1,383.63%. Canoo's return on equity of -68.39% beat Workhorse Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Workhorse Group-1,383.63% -192.21% -106.61%
Canoo N/A -68.39%-26.16%

Workhorse Group presently has a consensus target price of $5.63, indicating a potential upside of 600.15%. Canoo has a consensus target price of $22.71, indicating a potential upside of 26,428.43%. Given Canoo's stronger consensus rating and higher possible upside, analysts clearly believe Canoo is more favorable than Workhorse Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Workhorse Group
1 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67
Canoo
0 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.71

In the previous week, Canoo had 11 more articles in the media than Workhorse Group. MarketBeat recorded 12 mentions for Canoo and 1 mentions for Workhorse Group. Workhorse Group's average media sentiment score of 0.63 beat Canoo's score of 0.02 indicating that Workhorse Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Workhorse Group
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Canoo
0 Very Positive mention(s)
0 Positive mention(s)
7 Neutral mention(s)
4 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Canoo beats Workhorse Group on 12 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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GOEV vs. The Competition

MetricCanooMotor vehicle parts & accessories IndustryAuto SectorNASDAQ Exchange
Market Cap$8.28M$2.72B$19.29B$9.08B
Dividend YieldN/A3.89%3.10%4.21%
P/E Ratio-0.0212.0911.2217.15
Price / Sales4.442.8111.20116.80
Price / CashN/A7.9312.3437.88
Price / Book0.012.431.894.78
Net Income-$302.02M$197.94M$1.51B$225.60M
7 Day PerformanceN/A-6.54%-4.94%-1.23%
1 Month PerformanceN/A0.04%-2.45%3.07%
1 Year PerformanceN/A-12.19%-13.26%16.48%

Canoo Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
GOEV
Canoo
2.1696 of 5 stars
$0.09
-9.2%
$22.71
+26,428.4%
-98.5%$8.28M$1.86M-0.02800Stock Split
News Coverage
Gap Down
High Trading Volume
WKHS
Workhorse Group
1.8152 of 5 stars
$0.92
-7.5%
$5.63
+508.3%
-89.1%$37.89M$13.10M-0.13330Analyst Upgrade
ECDA
ECD Automotive Design
2.8745 of 5 stars
$1.04
+3.0%
$9.00
+765.4%
-40.8%$36.04M$15.12M0.00N/A
CENN
Cenntro
0.1848 of 5 stars
$1.08
-3.6%
N/A-25.4%$33.33M$37.05M0.00210
WKSP
Worksport
1.0793 of 5 stars
$0.97
-8.3%
N/A-38.6%$32.01M$6.40M-1.4310Gap Down
High Trading Volume
GP
GreenPower Motor
2.2624 of 5 stars
$0.80
+1.3%
$2.33
+190.6%
-75.6%$23.59M$21.60M-0.9370News Coverage
EVTV
Envirotech Vehicles
0.1494 of 5 stars
$1.36
-0.5%
N/A+10.7%$22.86M$1.73M-2.1710Gap Up
UCAR
U Power
N/A$7.10
-4.6%
N/A-66.0%$19.81M$2.78M0.00105News Coverage
Gap Down
AIEV
Thunder Power
N/A$0.26
-5.2%
N/AN/A$13.24MN/A0.00N/A
SVMH
SRIVARU
N/A$0.03
-1.4%
N/A-93.2%$12.13M$42,538.000.00N/ANews Coverage
Gap Up
PEV
Phoenix Motor
0.1567 of 5 stars
$0.31
-1.1%
N/A-76.1%$11.48M$3.12M-0.9960

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This page (NASDAQ:GOEV) was last updated on 12/21/2024 by MarketBeat.com Staff
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