Why Canoo Could Be a 10X Stock in the Making

By Travis Hoium – Jan 10, 2024 at 4:00PM

NASDAQ: GOEV

Canoo

Market Cap

$179M

Today's Change

(2.59%) $0.07

Current Price

$2.77

Price as of April 26, 2024, 4:00 p.m. ET

Canoo is extremely high risk, but it's also high reward for investors.

Shares of Canoo (GOEV 2.59%) have struggled lately as the company runs tight on cash, but there's potential growth ahead. Shipments of vehicles have begun, and funding is being tapped from a variety of sources.

In this video, Travis Hoium covers the risks and rewards for Canoo, which has a chance to be a top-performing electric vehicle (EV) stock in 2024.

*Stock prices used were end-of-day prices of Jan. 9, 2023. The video was published on Jan. 9, 2024.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.