In the last trading session, 0.96 million shares of the GreenPower Motor Company Inc (NASDAQ:GP) were traded, and its beta was 3.87. Most recently the company’s share price was $1.21, and it changed around -$0.26 or -18.03% from the last close, which brings the market valuation of the company to $31.92M. GP currently trades at a discount to its 52-week high of $3.46, offering almost -185.95% off that amount. The share price’s 52-week low was $0.70, which indicates that the current value has risen by an impressive 42.15% since then. We note from GreenPower Motor Company Inc’s average daily trading volume that its 10-day average is 0.44 million shares, with the 3-month average coming to 183.63K.
GreenPower Motor Company Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended GP as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. GreenPower Motor Company Inc is expected to report earnings per share of -0.19 for the current quarter.
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GreenPower Motor Company Inc (NASDAQ:GP) trade information
Instantly GP has showed a red trend with a performance of -18.03% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.8500 on recent trading dayincreased the stock’s daily price by 34.59%. The company’s shares are currently down -61.50% year-to-date, but still up 0.42% over the last five days. On the other hand, GreenPower Motor Company Inc (NASDAQ:GP) is -16.90% down in the 30-day period. We can see from the shorts that 0.12 million shares have been sold at a short interest cover period of 0.6 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 79.83% from its current value. Analyst projections state that GP is forecast to be at a low of $3 and a high of $9.
GreenPower Motor Company Inc (GP) estimates and forecasts
GreenPower Motor Company Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.22 percent over the past six months and at a -8.11% annual growth rate that is well below the industry average of -7.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -11.80% in revenue this quarter, and will report an increase of 15.80% in the next quarter. The year-over-year growth rate is expected to be -28.10%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 5.2M in revenue for the current quarter. 3 analysts expect GreenPower Motor Company Inc to make 7.97M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.66%.
GP Dividends
GreenPower Motor Company Inc’s next quarterly earnings report is expected to be released in November.
GreenPower Motor Company Inc (NASDAQ:GP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.88% of GreenPower Motor Company Inc shares, and 1.40% of them are in the hands of institutional investors. The stock currently has a share float of 1.86%. GreenPower Motor Company Inc stock is held by 30.0 institutions, with AXXCESS WEALTH MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 0.7203% of the shares, which is about 0.18 million shares worth $0.19 million.
COMMONWEALTH EQUITY SERVICES, LLC, with 0.2006% or 50123.0 shares worth $52000.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
