CEO Buys Shares Of Canoo, So Can You

Nov. 28, 2022 6:08 PM ETCanoo Inc. (GOEV)RIVN4 Comments
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Funanc1al Investing
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Summary

  • Investing in Canoo Inc. is not a decision you'll make based on fundamentals. The small cap is still not profitable and it is running low on cash.
  • But the Canoo Inc. CEO buying a large amount of shares, and major customers lining up for its EVs, constitute signs the firm is likely not going bankrupt anytime soon.
  • Meanwhile, Canoo orders keep flowing and management has great credentials, adding to the allure.
  • A clear path to secure funding is emerging that may include both equity initiatives and non-dilutive events.
  • Canoo valuation is key. Dive in and you may find gold.

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Blue Planet Studio

Investment Rationale

Canoo Inc. (NASDAQ:GOEV), a mobility technology company, manufactures breakthrough electric vehicles including lifestyle vehicles, lifestyle and multi-purpose delivery vehicles, and pickups. Major innovations in design, leading-edge technologies, and a modular electric platform, purpose-built to deliver maximum vehicle interior space customizable

Stock Chart for Canoo (<a href='https://seekingalpha.com/symbol/GOEV' title='Canoo Inc.'>GOEV</a>)

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Earnings Summary for Canoo (<a href='https://seekingalpha.com/symbol/GOEV' title='Canoo Inc.'>GOEV</a>)

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Insider Purchases at Canoo (<a href='https://seekingalpha.com/symbol/GOEV' title='Canoo Inc.'>GOEV</a>)

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Valuation Grade for Canoo (<a href='https://seekingalpha.com/symbol/GOEV' title='Canoo Inc.'>GOEV</a>)

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Stock Price Objective for Canoo (<a href='https://seekingalpha.com/symbol/GOEV' title='Canoo Inc.'>GOEV</a>)

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This article was written by

Funanc1al Investing profile picture
287 Followers
Investor, entrepreneur, director. Founder of FUNanc!al, Cl1Q, MLI, Ah! Ah! Entertainment. FUNanc!al (www.funanc1al.com) provides market insight, enriches lives. Interested in a wide range of industries and technologies from biotech (synbio, crispr, mRNA, genomics, etc.) to high-tech (AI, machine learning, web, cloud, mobile, etc.), media & entertainment, fintech, and energy. Specialties include building new ventures (Internet, others), corporate mediation and conflict resolution, venture capital, mergers and acquisitions, turnaround or distressed assets, building new ecosystems and increasing the innovation throughput. Invests in all verticals, long only. Yale and Harvard grad.

Disclosure: I/we have a beneficial long position in the shares of GOEV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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