GreenPower Motor (GP) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GreenPower Motor in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GP shares.
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3 brokerages have issued 12 month price objectives for GreenPower Motor's shares. Their GP share price forecasts range from $5.00 to $7.00. On average, they predict the company's share price to reach $6.00 in the next year. This suggests a possible upside of 135.3% from the stock's current price.
View analysts price targets for GP or view top-rated stocks among Wall Street analysts.

GreenPower Motor's stock was trading at $1.73 at the start of the year. Since then, GP shares have increased by 47.4% and is now trading at $2.55.
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GreenPower Motor saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 676,300 shares, a decline of 9.5% from the April 30th total of 747,500 shares. Based on an average trading volume of 85,800 shares, the days-to-cover ratio is presently 7.9 days. Approximately 4.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 7th 2023.
View our GP earnings forecast.

GreenPower Motor Company Inc. (NASDAQ:GP) announced its earnings results on Monday, February, 13th. The company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). The firm had revenue of $12.77 million for the quarter, compared to analyst estimates of $7.95 million. GreenPower Motor had a negative trailing twelve-month return on equity of 59.51% and a negative net margin of 63.60%. During the same period in the previous year, the business posted ($0.13) EPS.

iShares MSCI Frontier and Select EM ETF holds 321,524 shares of GP stock, representing 0.12% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other GreenPower Motor investors own include Hyliion (HYLN), Activision Blizzard (ATVI), Alpha and Omega Semiconductor (AOSL), Aemetis (AMTX), Ampio Pharmaceuticals (AMPE), Advanced Micro Devices (AMD), Aileron Therapeutics (ALRN), AIM ImmunoTech (AIM) and Automatic Data Processing (ADP).

(GP) raised $38 million in an initial public offering on Friday, August 28th 2020. The company issued 1,900,000 shares at a price of $20.00 per share. B.Riley FBR and Roth Capital Partners served as the underwriters for the IPO and ThinkEquity, Maxim Group and PI Financial Corp. were co-managers.

GreenPower Motor trades on the NASDAQ under the ticker symbol "GP."

GreenPower Motor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (0.24%), Susquehanna International Group LLP (0.13%) and Simplex Trading LLC (0.00%).
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Shares of GP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GP stock can currently be purchased for approximately $2.55.

GreenPower Motor (NASDAQ:GP) has a market capitalization of $63.57 million and generates $17.24 million in revenue each year. The company earns $-14,400,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis.

GreenPower Motor's mailing address is SUITE 240 - 209 CARRALL STREET, VANCOUVER A1, V6B 2J2. The official website for the company is www.greenpowerbus.com. The company can be reached via phone at (604) 563-4144 or via email at mike.cole@greenpowerbus.com.