GreenPower Motor (NASDAQ:GP) Rating Reiterated by Roth Mkm

Roth Mkm reiterated their buy rating on shares of GreenPower Motor (NASDAQ:GP) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $3.00 target price on the stock.

GreenPower Motor Trading Up 9.9 %

Shares of GP opened at $1.88 on Tuesday. The firm’s 50-day moving average price is $2.00 and its 200-day moving average price is $2.62. The firm has a market capitalization of $46.98 million, a price-to-earnings ratio of -2.98 and a beta of 3.40. The company has a current ratio of 1.86, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. GreenPower Motor has a 1-year low of $1.62 and a 1-year high of $6.05.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in GreenPower Motor stock. Commonwealth Equity Services LLC grew its position in GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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 SEC filing. 1.69% of the stock is owned by hedge funds and other institutional investors.

GreenPower Motor Company Profile

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.