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Canoo stock forecast reflects risk factors tied to cash burn, with current liquidity projected to cover 6-8 months of operations; equity offerings could dilute shares in mid- Trading Expectations (Goev) For The Upcoming Trading Day of Friday 24th JUSTIN, Texas, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on December 24, 2024, at 8:00 a.m., Eastern Time (“Effective Date”). Canoo’s Common Stock will continue to trade on The Nasdaq Capital Market under the existing ticker symbol "GOEV" and will begin trading on a split-adjusted basis when the market opens on December 24, 2024. The new CUSIP number for Canoo’s Common Stock following the reverse stock split will be 13803R300. Canoo stock forecast momentum indicators show RSI hovering near oversold territory at 32, implying possible short-term bounce if macro EV news flow turns positive.
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Canoo Stock Forecast AI chip demand is still booming, especially in data centers and model training. As long as the AI wave continues, the stock has solid long-term upside potential.
The valuation looks high, but Canoo Stock Forecast earnings growth seems to justify it. Short-term volatility aside, I’m still bullish in the long run.
The market might have priced in too much future growth already. Canoo Stock Forecast stock could face some short-term correction after such a strong rally.
With the next-gen GPU lineup performing exceptionally well, continued enterprise demand could push Canoo Stock Forecast to new all-time highs next year.
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