GOEV vs. AEVA, INVZ, CVGI, SUP, CAAS, MPAA, STRT, CPS, XOS, and CPTN
Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Aeva Technologies (AEVA), Innoviz Technologies (INVZ), Commercial Vehicle Group (CVGI), Superior Industries International (SUP), China Automotive Systems (CAAS), Motorcar Parts of America (MPAA), Strattec Security (STRT), Cooper-Standard (CPS), XOS (XOS), and Cepton (CPTN). These companies are all part of the "motor vehicle parts & accessories" industry.
Canoo (NASDAQ:GOEV) and Aeva Technologies (NYSE:AEVA) are both small-cap auto/tires/trucks companies, but which is the better stock? We will contrast the two companies based on the strength of their media sentiment, valuation, analyst recommendations, profitability, community ranking, dividends, institutional ownership, risk and earnings.
Canoo has a beta of 1.26, suggesting that its stock price is 26% more volatile than the S&P 500. Comparatively, Aeva Technologies has a beta of 1.43, suggesting that its stock price is 43% more volatile than the S&P 500.
Canoo presently has a consensus target price of $49.19, suggesting a potential upside of 1,708.36%. Aeva Technologies has a consensus target price of $10.92, suggesting a potential upside of 219.30%. Given Canoo's stronger consensus rating and higher probable upside, equities research analysts plainly believe Canoo is more favorable than Aeva Technologies.
Aeva Technologies has higher revenue and earnings than Canoo. Aeva Technologies is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.
In the previous week, Aeva Technologies had 6 more articles in the media than Canoo. MarketBeat recorded 13 mentions for Aeva Technologies and 7 mentions for Canoo. Aeva Technologies' average media sentiment score of 0.34 beat Canoo's score of 0.25 indicating that Aeva Technologies is being referred to more favorably in the news media.
36.2% of Canoo shares are held by institutional investors. Comparatively, 62.9% of Aeva Technologies shares are held by institutional investors. 9.7% of Canoo shares are held by insiders. Comparatively, 34.6% of Aeva Technologies shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Aeva Technologies received 5 more outperform votes than Canoo when rated by MarketBeat users. However, 51.43% of users gave Canoo an outperform vote while only 50.00% of users gave Aeva Technologies an outperform vote.
Canoo has a net margin of 0.00% compared to Aeva Technologies' net margin of -2,835.99%. Aeva Technologies' return on equity of -55.54% beat Canoo's return on equity.
Summary
Aeva Technologies beats Canoo on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding GOEV and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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