Blurbs

Canoo (GOEV) Receives a Rating Update from a Top Analyst

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Canoo (GOEVResearch Report), with a price target of $10.00. The company’s shares closed yesterday at $1.17.

According to TipRanks, Dayal is a top 100 analyst with an average return of 43.4% and a 41.29% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Lsi Industries, and Renesola.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canoo with a $7.00 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Canoo’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $164.39 million. In comparison, last year the company had a GAAP net loss of $112.55 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOEV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hennessy Capital Acquisition Corp. IV operates as a blank check company. It has no operations nor does it currently engage in any business activities generating revenues. The company was founded in August 2018 and is headquartered in Wilson, WY.

Read More on GOEV:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More