GreenPower Motor (NASDAQ:GP) Trading Down 0.7% – What’s Next?

Shares of GreenPower Motor Company Inc. (NASDAQ:GP) fell 0.7% during mid-day trading on Monday . The company traded as low as $0.81 and last traded at $0.8442. 31,128 shares traded hands during trading, a decline of 85% from the average session volume of 212,372 shares. The stock had previously closed at $0.85.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GreenPower Motor presently has an average rating of “Sell”.

GreenPower Motor Price Performance

The company’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $2.98. The firm has a market capitalization of $2.60 million, a PE ratio of -0.15 and a beta of 1.91.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($1.18) EPS for the quarter, beating the consensus estimate of ($1.50) by $0.32. GreenPower Motor had a negative return on equity of 561.91% and a negative net margin of 105.06%.The firm had revenue of $2.49 million during the quarter, compared to analyst estimates of $8.57 million. As a group, equities research analysts anticipate that GreenPower Motor Company Inc. will post -0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC increased its stake in GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned 3.67% of GreenPower Motor worth $440,000 as of its most recent filing with the Securities & Exchange Commission. 1.69% of the stock is currently owned by institutional investors.

GreenPower Motor Company Profile

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.