All operations have stopped, and the company is liquidating assets.
Canoo filed for Chapter 7 bankruptcy in January 2025.
Losses have piled up to over ₹12,400 crore ($1.5 billion).
In 2023, Canoo earned just ₹7.3 crore ($886K) in revenue.
This indicates major losses for shareholders of stock GOEV.
Q3 2024 earnings show EPS at -$10.80.
Estimates suggest a 2030 price range between $0.07 and $0.60.
Long-term GOEV stock forecast remains weak.
Low investor confidence and no future growth expected.
Analysts downgrade GOEV stock from “Buy” to “Hold.”