GreenPower Motor (NASDAQ:GP) Issues Quarterly Earnings Results

GreenPower Motor (NASDAQ:GP) posted its quarterly earnings data on Friday. The company reported ($0.42) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.44 million during the quarter.

GreenPower Motor Stock Performance

Shares of NASDAQ GP traded up $0.24 during mid-day trading on Friday, hitting $1.82. The stock had a trading volume of 1,039,786 shares, compared to its average volume of 196,740. GreenPower Motor has a 1 year low of $0.74 and a 1 year high of $4.10. The business has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $1.19. The firm has a market cap of $12.98 million, a P/E ratio of -2.68 and a beta of 1.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GP. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Friday, July 17th. Wall Street Zen raised GreenPower Motor to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC purchased a new position in GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor 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 (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.