GreenPower Motor (NASDAQ:GP – Get Rating) had its target price decreased by equities research analysts at Maxim Group from $9.00 to $7.00 in a research note issued on Tuesday, The Fly reports. Maxim Group's price target would indicate a potential upside of 150.90% from the company's current price.
Separately, B. Riley dropped their price objective on shares of GreenPower Motor from $15.00 to $7.00 in a research note on Monday, July 11th.
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GreenPower Motor Price Performance
GP stock traded down $0.13 during trading on Tuesday, hitting $2.79. 1,506 shares of the stock traded hands, compared to its average volume of 98,912. GreenPower Motor has a 1 year low of $2.88 and a 1 year high of $16.45. The firm's 50 day moving average is $3.27 and its two-hundred day moving average is $4.58. The stock has a market cap of $64.59 million, a price-to-earnings ratio of -3.67 and a beta of 3.39.
GreenPower Motor (NASDAQ:GP – Get Rating) last issued its quarterly earnings data on Monday, August 15th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). GreenPower Motor had a negative return on equity of 49.50% and a negative net
margin of 95.40%. The business had revenue of $3.85 million during the quarter, compared to the consensus estimate of $6.27 million. As a group, analysts anticipate that GreenPower Motor will post -0.53 EPS for the current fiscal year.
Institutional Investors Weigh In On GreenPower Motor
Several hedge funds have recently bought and sold shares of the stock. UBS Group AG grew its holdings in shares of GreenPower Motor by 293.5% during the 2nd quarter. UBS Group AG now owns 10,220 shares of the company's stock worth $33,000 after purchasing an additional 7,623 shares during the period. JPMorgan Chase & Co. raised its position in shares of GreenPower Motor by 84.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,243 shares of the company's stock worth $45,000 after acquiring an additional 6,518 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of GreenPower Motor during the 2nd quarter worth about $46,000. B. Riley Wealth Management Inc. acquired a new stake in shares of GreenPower Motor during the 2nd quarter worth about $53,000. Finally, Royal Bank of Canada increased its position in GreenPower Motor by 112.2% during the first quarter. Royal Bank of Canada now owns 8,272 shares of the company's stock worth $56,000 after buying an additional 4,373 shares during the period. Hedge funds and other institutional investors own 5.43% of the company's stock.
About GreenPower Motor
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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.
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