CanooNASDAQ: GOEV

Canoo Inc. (NASDAQ:GOEV ) Q3 2024 Results Conference Call November 13, 2024 5:00 PM ET Company Participants Kunal Bhalla - Chief Financial Officer Tony Aquila - Executive Chairman & Chief Executive Officer Ramesh Murthy - SVP, Finance & Chief Accounting Officer & Chief Administrative Officer Conference Call Participants Amit Dayal - H.C. Wainwright Jawad Bhuiyan - Stifel Poe Fratt - Alliance Global Partners Operator Greetings.

Canoo Inc. (GOEV) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.90. This compares to loss of $1.61 per share a year ago.

JUSTIN, Texas, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the third quarter of 2024.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

EV startup Canoo has lost its chief financial officer and its head lawyer, the latest in a string of executive departures as the company continues to struggle to find mass adoption of its electric work vans.

Canoo (GOEV) stock price has continued its strong downfall, moving to its lowest level on record as doubts about its future have remained. It slipped to a low of $0.55 on Friday, bringing the year-to-date losses to 90%.

JUSTIN, Texas and LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that the company has signed an agreement with The AA, the UK's No.1 breakdown provider, to enhance the customer experience with premium service and repair for Canoo's commercial fleet and government customers throughout the United Kingdom. The AA (Automobile Association) has a rich history in the UK, having been established almost 120 years ago.

Canoo Inc. (GOEV) concluded the recent trading session at $0.92, signifying a +0.57% move from its prior day's close.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?