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Canoo (GOEV) Competitors

Canoo logo
$0.50 +0.02 (+3.15%)
(As of 09:15 AM ET)

GOEV vs. BLNK, NIU, GGR, CAAS, MPAA, MAMO, WBX, KNDI, INVZ, and REE

Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Blink Charging (BLNK), Niu Technologies (NIU), Gogoro (GGR), China Automotive Systems (CAAS), Motorcar Parts of America (MPAA), Massimo Group (MAMO), Wallbox (WBX), Kandi Technologies Group (KNDI), Innoviz Technologies (INVZ), and REE Automotive (REE). These companies are all part of the "automobiles and trucks" industry.

Canoo vs.

Blink Charging (NASDAQ:BLNK) and Canoo (NASDAQ:GOEV) are both small-cap computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, media sentiment, institutional ownership, risk, profitability, community ranking and earnings.

In the previous week, Blink Charging had 1 more articles in the media than Canoo. MarketBeat recorded 11 mentions for Blink Charging and 10 mentions for Canoo. Canoo's average media sentiment score of 0.14 beat Blink Charging's score of -0.25 indicating that Canoo is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Blink Charging
0 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Canoo
0 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral

Blink Charging has higher revenue and earnings than Canoo. Blink Charging 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
Blink Charging$140.60M1.10-$203.69M-$1.51-1.02
Canoo$1.49M26.33-$302.02M-$3.53-0.14

Blink Charging has a beta of 2.65, suggesting that its share price is 165% more volatile than the S&P 500. Comparatively, Canoo has a beta of 1.29, suggesting that its share price is 29% more volatile than the S&P 500.

Canoo has a net margin of 0.00% compared to Blink Charging's net margin of -104.02%. Blink Charging's return on equity of -25.50% beat Canoo's return on equity.

Company Net Margins Return on Equity Return on Assets
Blink Charging-104.02% -25.50% -17.81%
Canoo N/A -68.39%-26.16%

Blink Charging currently has a consensus price target of $5.64, suggesting a potential upside of 267.61%. Canoo has a consensus price target of $22.71, suggesting a potential upside of 4,631.89%. Given Canoo's stronger consensus rating and higher possible upside, analysts plainly believe Canoo is more favorable than Blink Charging.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Blink Charging
0 Sell rating(s)
5 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.38
Canoo
0 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.71

44.6% of Blink Charging shares are owned by institutional investors. Comparatively, 36.2% of Canoo shares are owned by institutional investors. 6.5% of Blink Charging shares are owned by insiders. Comparatively, 7.1% of Canoo shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Blink Charging received 131 more outperform votes than Canoo when rated by MarketBeat users. Likewise, 60.16% of users gave Blink Charging an outperform vote while only 53.49% of users gave Canoo an outperform vote.

CompanyUnderperformOutperform
Blink ChargingOutperform Votes
154
60.16%
Underperform Votes
102
39.84%
CanooOutperform Votes
23
53.49%
Underperform Votes
20
46.51%

Summary

Blink Charging beats Canoo on 10 of the 18 factors compared between the two stocks.

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$39.26M$2.93B$16.83B$8.82B
Dividend YieldN/A4.63%3.11%4.07%
P/E Ratio-0.1413.3014.4817.74
Price / Sales26.333.2212.6774.25
Price / CashN/A7.6411.2132.53
Price / Book0.082.592.094.68
Net Income-$302.02M$197.94M$1.52B$226.08M
7 Day Performance-23.09%-6.05%-4.51%-2.03%
1 Month Performance-52.49%-9.39%-7.84%0.07%
1 Year Performance-94.26%-8.78%-7.63%24.61%

Canoo Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
GOEV
Canoo
2.6985 of 5 stars
$0.50
+3.1%
$22.71
+4,487.5%
-94.3%$40.49M$890,000.00-0.14800Gap Up
BLNK
Blink Charging
2.5061 of 5 stars
$1.53
-0.3%
$5.64
+268.8%
-60.7%$154.81M$140.60M0.00684Analyst Downgrade
NIU
Niu Technologies
1.632 of 5 stars
$1.80
+0.6%
N/A-25.7%$139.66M$373.49M0.00550News Coverage
GGR
Gogoro
1.7128 of 5 stars
$0.47
+0.7%
$1.35
+189.0%
-83.0%$137.83M$349.85M0.001,892Analyst Forecast
CAAS
China Automotive Systems
1.7672 of 5 stars
$4.49
+0.4%
N/A+27.9%$135.55M$576.35M4.284,095Buyback Announcement
MPAA
Motorcar Parts of America
1.76 of 5 stars
$6.64
-2.4%
N/A-33.4%$131.80M$717.68M-1.905,900Insider Trade
Positive News
MAMO
Massimo Group
N/A$2.80
+11.6%
N/AN/A$115.86M$115.04M14.74126
WBX
Wallbox
1.7181 of 5 stars
$0.60
+1.2%
$1.56
+161.7%
-61.7%$102.55M$155.59M0.001,265Gap Down
KNDI
Kandi Technologies Group
0.1784 of 5 stars
$1.08
-1.8%
N/A-60.0%$92.96M$123.60M0.00840Gap Down
INVZ
Innoviz Technologies
2.409 of 5 stars
$0.55
+4.4%
$3.80
+596.0%
-74.6%$74.35M$20.88M0.00400
REE
REE Automotive
2.9824 of 5 stars
$6.59
-2.8%
$14.50
+120.0%
+40.2%$69.26M$1.61M0.00270News Coverage

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This page (NASDAQ:GOEV) was last updated on 11/21/2024 by MarketBeat.com Staff
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