GOEV Stock Forecast 2025, 2026, 2027 to 2030
Canoo Inc. (GOEV) is a prominent player in the electric vehicle (EV) industry, focusing on developing cutting-edge sustainable mobility solutions. Its innovative designs and technology-centric approach position it as a significant contender in the growing EV market. Investors often look to Canoo’s stock performance for its potential to deliver long-term growth.
This article provides a detailed forecast for GOEV stock from 2024 to 2030, including key insights into its business, technical, and fundamental analyses.
Table of Contents
Basic Details of GOEV Stock
| Company Name | Canoo Inc. |
| Business Sector | Electric Vehicles (EV) |
| Stock Symbol | GOEV |
| NYSE Listing Status | Not Listed |
| NASDAQ Listing Status | Listed |
| Official Website | www.canoo.com |
About the Company
Canoo Inc. specializes in the design and manufacture of electric vehicles tailored for both consumer and business needs. The company’s modular platform is highly adaptable, supporting various vehicle types while optimizing manufacturing costs. Canoo’s mission revolves around providing affordable and scalable EV solutions, targeting fleet operators, consumers, and other commercial sectors. With a focus on technology innovation, Canoo aims to redefine urban mobility.
Fundamental Data
- 💰 Market Cap: $18.19M
- 📈 Shares Outstanding: 104M
- 🛠️ Revenue: $1.864M
- 📉 Net Income: -$144.6M
- 📊 EPS (Earnings Per Share): -2.48
- 📉 Gross Profit Margin: -87.0%
- 🔍 P/E Ratio: -0.1x
- 💵 Book Value Per Share: $2.61
- 📊 Price/Book Ratio: 0.1x
- 🏦 EBITDA: -$199.1M
- ⚡ EV/EBITDA: -0.7x
- 📈 Beta (Volatility): 1.14
Live Chart
GOEV Stock Forecast 2024
In 2024, GOEV’s stock is expected to experience moderate growth as the company strengthens its production capabilities and expands its market reach. Factors such as growing EV adoption and government incentives will play a crucial role in driving the stock’s performance. Analysts predict the stock could trade between $0.20 and $0.40 during this year.
| Year | Low Approx | High Approx |
|---|---|---|
| 2024 | $0.20 | $0.40 |
GOEV Stock Forecast 2025
As Canoo targets new markets and launches additional EV models, 2025 could mark significant growth in revenue. Strategic partnerships and fleet deals might boost investor confidence, leading to higher stock valuations. Experts estimate the price range to be between $0.50 and $1.00 by the year-end.
| Year | Low Approx | High Approx |
|---|---|---|
| 2025 | $0.50 | $1.00 |
GOEV Stock Forecast 2026
By 2026, GOEV’s focus on technology and innovation may begin yielding tangible results, helping the stock climb higher. The company’s ability to sustain its growth trajectory will largely depend on its production efficiency and market share. Projections suggest a price range of $1.20 to $2.50.
| Year | Low Approx | High Approx |
|---|---|---|
| 2026 | $1.20 | $2.50 |
GOEV Stock Forecast 2027
With the EV market maturing further, Canoo might establish itself as a leader in certain niches. Increased profitability could lead to higher valuation. Analysts forecast the stock price to fluctuate between $3.00 and $4.50.
| Year | Low Approx | High Approx |
|---|---|---|
| 2027 | $3.00 | $4.50 |
GOEV Stock Forecast 2028
In 2028, the company’s focus on R&D and strategic global expansions could help it capture more market share. Sustainable revenue streams from fleet and subscription services may also contribute, with price estimates ranging from $5.00 to $7.00.
| Year | Low Approx | High Approx |
|---|---|---|
| 2028 | $5.00 | $7.00 |
GOEV Stock Forecast 2029
As Canoo achieves scalability in production, its stock could attract more institutional investments. Environmental regulations may also favor the company’s growth. Predictions for the year indicate a price range of $7.50 to $10.00.
| Year | Low Approx | High Approx |
|---|---|---|
| 2029 | $7.50 | $10.00 |
GOEV Stock Forecast 2030
By 2030, Canoo is expected to be a mature EV player. The company’s stock performance will largely reflect its ability to innovate and maintain profitability amidst increasing competition. Experts suggest the stock might trade between $12.00 and $15.00.
| Year | Low Approx | High Approx |
|---|---|---|
| 2030 | $12.00 | $15.00 |
Technical Analysis
- Short-Term Moving Averages: The stock’s 50-day EMA crossing above the 200-day EMA suggests a potential bullish trend.
- Volume Trends: Increasing trade volumes indicate growing investor interest, especially after positive news or earnings releases.
- Support and Resistance Levels: GOEV has established key support at $0.20 and resistance at $0.50.
Conclusion
GOEV stock shows promise for long-term investors who believe in the EV industry’s potential. While short-term volatility is expected, the company’s focus on innovation and strategic growth could make it a lucrative investment by 2030.
