GreenPower Motor (NASDAQ:GP – Get Rating) had its price target lowered by Maxim Group from $9.00 to $7.00 in a report issued on Tuesday morning, The Fly reports.
Separately, B. Riley dropped their target price on GreenPower Motor from $15.00 to $7.00 in a report on Monday, July 11th.
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GreenPower Motor Price Performance
Shares of GreenPower Motor stock opened at $2.46 on Tuesday. GreenPower Motor has a one year low of $2.42 and a one year high of $16.45. The stock's 50-day moving average is $3.21 and its 200 day moving average is $4.50. The firm has a market cap of $56.95 million, a price-to-earnings ratio of -3.24 and a beta of 3.39.
GreenPower Motor (NASDAQ:GP – Get Rating) last announced its earnings results on Monday, August 15th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $3.85 million for the quarter, compared to the consensus estimate of $6.27 million. GreenPower Motor had a negative net
margin of 95.40% and a negative return on equity of 49.50%. On average, sell-side analysts expect that GreenPower Motor will post -0.53 EPS for the current fiscal year.
Institutional Trading of GreenPower Motor
Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG increased its position in GreenPower Motor by 293.5% in the second quarter. UBS Group AG now owns 10,220 shares of the company's stock worth $33,000 after buying an additional 7,623 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of GreenPower Motor by 84.4% in the second quarter. JPMorgan Chase & Co. now owns 14,243 shares of the company's stock valued at $45,000 after purchasing an additional 6,518 shares in the last quarter. Jane Street Group LLC bought a new stake in GreenPower Motor during the second quarter valued at $46,000. B. Riley Wealth Management Inc. bought a new stake in GreenPower Motor during the second quarter valued at $53,000. Finally, Royal Bank of Canada lifted its stake 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 purchasing an additional 4,373 shares during the last quarter. 5.43% of the stock is owned by hedge funds and other institutional investors.
GreenPower Motor Company Profile
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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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