GreenPower Motor Company Inc. (GP) concluded trading on 01/11/23 at a closing price of $2.70, with 0.5 million shares of worth about $1.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.43% during that period and on Wednesday the price saw a gain of about 20.00%. Currently the company’s common shares owned by public are about 23.48M shares, out of which, 16.30M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the GP stock and their offered price forecasts bring an average price target of $8.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $5.00. However, touching the estimated high of $13.00 would mean a gain of 79.23% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 27 times over the past 12 months. They bought 992,550 shares in 22 of the transactions. In 5 selling transactions, insiders dumped 186,406 shares.
Sparkasse – S Generation, Fidelity Nasdaq Composite Index F, and DFA US Core Equity 2 Portfolio are the top 3 mutual funds which are holding stakes in GreenPower Motor Company Inc. Sparkasse – S Generation is currently holding 27900.0 shares of worth totaling $62636.0. The company recently came buying 0.0 shares which brought its stake up to 0.12% of the company’s outstanding shares. DFA US Core Equity 2 Portfolio, after buying 5005.0 shares, have now control over 0.02% of the stake in the company. It holds 1822.0 shares of worth $11236.0.
GreenPower Motor Company Inc. (NASDAQ: GP) started trading at $2.27, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 2.7652, or with a gain of 20.00%. Stock saw a price change of 45.16% in past 5 days and over the past one month there was a price change of 20.00%. Year-to-date (YTD), GP shares are showing a performance of 56.07% which decreased to -62.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.67 but also hit the highest price of $9.34 during that period. The average intraday trading volume for GreenPower Motor Company Inc. shares is 141.60K. The stock is currently trading 36.62% above its 20-day simple moving average (SMA20), while that difference is up 21.39% for SMA50 and it goes to -24.28% lower than SMA200.
GreenPower Motor Company Inc. (NASDAQ: GP) currently have 23.48M outstanding shares and institutions hold larger chunk of about 11.98% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $63.39M. It has posted earnings per share of -$0.50 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GP, volatility over the week remained 13.49% while standing at 6.92% over the month.
Analysts are in expectations that GreenPower Motor Company Inc. (GP) stock would likely to be making an EPS of -$0.16 in the current quarter, while forecast for next quarter EPS is -$0.13 and it is -$0.08 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 21.70% while it is estimated to increase by 87.00% in next year.
Analysts at 4 brokerage firms have issued recommendations for the GreenPower Motor Company Inc. (GP)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on February 15, 2022 offering a Buy rating for the stock and assigned a target price of $13 to it. Coverage by ROTH Capital stated GreenPower Motor Company Inc. (GP) stock as a Neutral in their note to investors on November 15, 2021, suggesting a price target of $13 for the stock. On November 02, 2020, Maxim Group Initiated their recommendations, while on September 29, 2020, BTIG Research Initiated their ratings for the stock with a price target of $25.