GOEV vs. SMP, SRI, HLLY, CPS, AEVA, CVGI, INVZ, CAAS, MPAA, and STRT
Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Standard Motor Products (SMP), Stoneridge (SRI), Holley (HLLY), Cooper-Standard (CPS), Aeva Technologies (AEVA), Commercial Vehicle Group (CVGI), Innoviz Technologies (INVZ), China Automotive Systems (CAAS), Motorcar Parts of America (MPAA), and Strattec Security (STRT). These companies are all part of the "motor vehicle parts & accessories" industry.
Canoo (NASDAQ:GOEV) and Standard Motor Products (NYSE:SMP) are both small-cap auto/tires/trucks companies, but which is the superior business? We will compare the two companies based on the strength of their community ranking, valuation, earnings, dividends, institutional ownership, profitability, analyst recommendations, risk and media sentiment.
36.2% of Canoo shares are owned by institutional investors. Comparatively, 81.3% of Standard Motor Products shares are owned by institutional investors. 9.7% of Canoo shares are owned by insiders. Comparatively, 5.0% of Standard Motor Products shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Standard Motor Products received 267 more outperform votes than Canoo when rated by MarketBeat users. Likewise, 65.01% of users gave Standard Motor Products an outperform vote while only 52.50% of users gave Canoo an outperform vote.
Standard Motor Products has higher revenue and earnings than Canoo. Canoo is trading at a lower price-to-earnings ratio than Standard Motor Products, indicating that it is currently the more affordable of the two stocks.
In the previous week, Standard Motor Products had 3 more articles in the media than Canoo. MarketBeat recorded 5 mentions for Standard Motor Products and 2 mentions for Canoo. Canoo's average media sentiment score of 0.65 beat Standard Motor Products' score of -0.43 indicating that Canoo is being referred to more favorably in the media.
Canoo has a beta of 1.26, indicating that its share price is 26% more volatile than the S&P 500. Comparatively, Standard Motor Products has a beta of 0.61, indicating that its share price is 39% less volatile than the S&P 500.
Standard Motor Products has a net margin of 2.28% compared to Canoo's net margin of 0.00%. Standard Motor Products' return on equity of 9.48% beat Canoo's return on equity.
Canoo currently has a consensus price target of $23.79, suggesting a potential upside of 957.41%. Standard Motor Products has a consensus price target of $42.00, suggesting a potential upside of 36.76%. Given Canoo's higher probable upside, equities research analysts clearly believe Canoo is more favorable than Standard Motor Products.
Summary
Standard Motor Products beats Canoo on 12 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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