Axxcess Wealth Management LLC Purchases 100,000 Shares of GreenPower Motor Company Inc. (NASDAQ:GP)

Axxcess Wealth Management LLC grew its position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 280,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Axxcess Wealth Management LLC’s holdings in GreenPower Motor were worth $384,000 as of its most recent SEC filing.

GreenPower Motor Stock Down 1.1 %

GP stock opened at $0.89 on Thursday. The firm has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.16. GreenPower Motor Company Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $3.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.61 and a quick ratio of 0.13.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.02. The business had revenue of $3.00 million for the quarter, compared to the consensus estimate of $5.00 million. GreenPower Motor had a negative return on equity of 128.08% and a negative net margin of 84.74%. Sell-side analysts forecast that GreenPower Motor Company Inc. will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GP shares. R. F. Lafferty assumed coverage on GreenPower Motor in a research report on Wednesday, September 11th. They set a “buy” rating and a $3.00 target price on the stock. Roth Mkm lowered their price objective on GreenPower Motor from $3.00 to $1.65 and set a “buy” rating on the stock in a research report on Friday, August 16th.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.