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How Do GreenPower Motor Company Inc. (NASDAQ:GP)’s Fundamentals Affect Performance

January 18, 2023
in Finance

The price of GreenPower Motor Company Inc. (NASDAQ:GP) shares last traded on Wall Street rose 26.28% to $3.94.

GP stock price is now 75.67% away from the 50-day moving average and 12.47% away from the 200-day moving average. The market capitalization of the company currently stands at $92.50M.

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With the price target maintained at $13, ROTH Capital recently Upgraded its rating from Neutral to Buy for GreenPower Motor Company Inc. (NASDAQ: GP). On November 15, 2021, ROTH Capital Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $32 to quote $13, while ‘Maxim Group’ rates the stock as ‘Buy’.

Insiders disposed of 186,406 shares of company stock worth roughly $0.73 million over the past 1 year. A total of 27.59% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in GP stock. A new stake in GreenPower Motor Company Inc. shares was purchased by AXXCESS WEALTH MANAGEMENT, LLC during the first quarter worth $620,000. XTX TOPCO LTD invested $124,000 in shares of GP during the first quarter. In the first quarter, B. RILEY WEALTH MANAGEMENT, INC. acquired a new stake in GreenPower Motor Company Inc. valued at approximately $63,000. B. RILEY WEALTH ADVISORS, INC. acquired a new stake in GP for approximately $46,000. UNITED BANK purchased a new stake in GP valued at around $39,000 in the second quarter. In total, there are 36 active investors with 11.98% ownership of the company’s stock.

A candlestick chart of GreenPower Motor Company Inc. (NASDAQ: GP) showed a price of $3.4600 on Tuesday morning. During the past 12 months, GreenPower Motor Company Inc. has had a low of $1.67 and a high of $9.34. The fifty day moving average price for GP is $2.2428 and a two-hundred day moving average price translates $3.5032 for the stock.

The latest earnings results from GreenPower Motor Company Inc. (NASDAQ: GP) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.15 by -0.04. This compares to -$0.12 EPS in the same period last year. The company reported revenue of $7.73 million for the quarter, compared to $4.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.93 percent. For the current quarter, analysts expect GP to generate $6.69M in revenue.

GreenPower Motor Company Inc.(GP) Company Profile

GreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, double decker buses, and a cab and chassis. It sells and leases its vehicles to customers directly and through distributors. The company is based in Vancouver, Canada.

Tags: GPGP stockGreenPower Motor Company Inc.NASDAQ:GP

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