GreenPower Motor (NASDAQ:GP) Stock Rating Reaffirmed by Roth Mkm

GreenPower Motor (NASDAQ:GP)‘s stock had its “buy” rating reaffirmed by Roth Mkm in a report released on Tuesday, Benzinga reports. They currently have a $3.00 target price on the stock. Roth Mkm’s target price would suggest a potential upside of 58.73% from the stock’s current price.

GreenPower Motor Trading Up 0.5 %

Shares of NASDAQ:GP opened at $1.89 on Tuesday. The stock has a market capitalization of $47.23 million, a price-to-earnings ratio of -3.00 and a beta of 3.40. GreenPower Motor has a 1-year low of $1.62 and a 1-year high of $6.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.86. The company has a 50 day moving average price of $1.98 and a 200 day moving average price of $2.61.

GreenPower Motor (NASDAQ:GP) last issued its earnings results on Tuesday, February 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). GreenPower Motor had a negative return on equity of 66.07% and a negative net margin of 31.47%. The business had revenue of $8.16 million for the quarter, compared to the consensus estimate of $12.00 million. During the same quarter in the previous year, the business posted ($0.14) earnings per share. On average, research analysts anticipate that GreenPower Motor will post -0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenPower Motor stock. Commonwealth Equity Services LLC boosted its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,123 shares of the company’s stock after buying an additional 10,900 shares during the period. Commonwealth Equity Services LLC owned approximately 0.18% of GreenPower Motor worth $142,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.69% of the company’s stock.

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.