Canoo Inc - Ordinary Shares - Class A Aktie News

Canoo (NASDAQ: GOEV) stock price has stabilised a bit since April after the company received a big order from Saudi Arabia. It has risen by over 7% in the past 30 days and by 130% from its lowest point this year.

Justin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period.

The stocks discussed below are all flashing various warning signs that alert investors to sell. Each of these three companies has initiated a reverse stock split in the past.

The road to full electrification still has a long way to go. The EV market has struggled since last year, and some companies have been forced to close their shops.

Investing in the stock market always carries a degree of risk, and even the most diligent investors can find themselves holding positions that underperform or fail to meet expectations. As time passes, the original investment thesis may no longer hold true, and the once-promising growth story can unravel and reach six feet under.

The EV sector continues to undergo a period of extreme difficulty. EV sales growth is slowing, adoption rates are not as high as they once were, and global demand has weakened severely.

Tesla (NASDAQ: TSLA) stock price has continued crashing hard this year and the plot could thicken this week. It has plunged by over 40% this year, shedding billions of dollars in value, making it the worst-performing Magnificent 7 stock.

Canoo (NASDAQ: GOEV) stock price has staged a strong recovery in the past few weeks, outperforming the likes of Tesla, Rivian, and Lucid Motors. It has jumped by 157% from its lowest level this year while Tesla sits at its lowest level since January last year.