GOEV vs. INVZ, AEVA, CVGI, MPAA, SUP, CAAS, STRT, XOS, CPS, and CPTN
Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Innoviz Technologies (INVZ), Aeva Technologies (AEVA), Commercial Vehicle Group (CVGI), Motorcar Parts of America (MPAA), Superior Industries International (SUP), China Automotive Systems (CAAS), Strattec Security (STRT), XOS (XOS), Cooper-Standard (CPS), and Cepton (CPTN). These companies are all part of the "motor vehicle parts & accessories" industry.
Canoo (NASDAQ:GOEV) and Innoviz Technologies (NASDAQ:INVZ) are both small-cap auto/tires/trucks companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, community ranking, earnings, profitability, risk, media sentiment and valuation.
Canoo currently has a consensus price target of $49.19, indicating a potential upside of 1,708.36%. Innoviz Technologies has a consensus price target of $3.94, indicating a potential upside of 228.13%. Given Canoo's stronger consensus rating and higher probable upside, equities research analysts plainly believe Canoo is more favorable than Innoviz Technologies.
Canoo has a net margin of 0.00% compared to Innoviz Technologies' net margin of -441.23%. Innoviz Technologies' return on equity of -79.64% beat Canoo's return on equity.
Canoo received 3 more outperform votes than Innoviz Technologies when rated by MarketBeat users. However, 51.72% of users gave Innoviz Technologies an outperform vote while only 51.43% of users gave Canoo an outperform vote.
Innoviz Technologies has higher revenue and earnings than Canoo. Innoviz Technologies is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.
Canoo has a beta of 1.26, suggesting that its share price is 26% more volatile than the S&P 500. Comparatively, Innoviz Technologies has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500.
In the previous week, Innoviz Technologies had 8 more articles in the media than Canoo. MarketBeat recorded 16 mentions for Innoviz Technologies and 8 mentions for Canoo. Canoo's average media sentiment score of 0.25 beat Innoviz Technologies' score of -0.01 indicating that Canoo is being referred to more favorably in the media.
36.2% of Canoo shares are owned by institutional investors. Comparatively, 63.3% of Innoviz Technologies shares are owned by institutional investors. 9.7% of Canoo shares are owned by company insiders. Comparatively, 11.2% of Innoviz Technologies shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Summary
Canoo beats Innoviz Technologies 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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