GOEV Stock Discussion
Canoo Inc. Description
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies – Canoo has designed a modular skateboard platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. Canoo expects to launch its first consumer model in 2022, followed shortly after by a last-mile delivery vehicle and a sport vehicle, each built off of the same underlying skateboard platform.
Industry: Conglomerates
Keywords: Electric Vehicle Vehicle Applications
SociableGnat503 over 1 year ago
SociableGnat503 over 1 year ago
TraderMike over 1 year ago
I can't tell you exactly what changed in GOEV without doing a lot of digging but it's entirely possible that it was on the border line of a D and an F yesterday and it could be that several other stocks had their scores plummet, thereby lifting GOEV to a D.
In fact, you can see here that it's been vacillating between D & F for the last few weeks:
I wouldn't try to read too much into those grades, other than a way to get a general idea of how a stock has been performing. As I wrote in that blog post years ago, I primarily use the grades as a way to sort & filter scan results
TraderMike over 1 year ago
irb(main):004:0> s.rank_histories[-1]
=> #<RankHistory:0x00007f24a61ddf40 id: 24763158, trading_date: Mon, 14 Aug 2023, rank: 0.2082e2, letter_grade: "D">
irb(main):005:0> s.rank_histories[-2]
=> #<RankHistory:0x00007f24a61de080 id: 24743993, trading_date: Fri, 11 Aug 2023, rank: 0.1948e2, letter_grade: "F">
irb(main):006:0> s.rank_histories[-1].rank
=> 0.2082e2
irb(main):007:0> s.rank_histories[-1].rank.to_s
=> "20.82"
irb(main):008:0> s.rank_histories[-2].rank.to_s
=> "19.48"
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