GreenPower Motor’s (GP) Buy Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of GreenPower Motor (NASDAQ:GP) in a report issued on Tuesday, Benzinga reports. The firm currently has a $3.00 price objective on the stock.

GreenPower Motor Trading Down 1.1 %

Shares of GreenPower Motor stock opened at $1.82 on Tuesday. The stock has a fifty day simple moving average of $1.97 and a 200 day simple moving average of $2.60. GreenPower Motor has a 12-month low of $1.62 and a 12-month high of $6.05. The company has a market capitalization of $45.48 million, a P/E ratio of -2.89 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 (NASDAQ:GP) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $8.16 million for the quarter, compared to the consensus estimate of $12.00 million. During the same quarter last year, the company posted ($0.14) EPS. On average, sell-side analysts anticipate that GreenPower Motor will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GreenPower Motor stock. Commonwealth Equity Services LLC boosted its holdings in GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,123 shares of the company’s stock after purchasing an additional 10,900 shares during the period. Commonwealth Equity Services LLC owned about 0.18% of GreenPower Motor worth $142,000 as of its most recent SEC filing. 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.