GreenPower Motor (NASDAQ:GP) Shares Down 10.9% – Time to Sell?

Shares of GreenPower Motor Company Inc. (NASDAQ:GP) were down 10.9% during trading on Wednesday . The stock traded as low as $0.8820 and last traded at $0.9267. Approximately 229,002 shares traded hands during trading, a decline of 94% from the average daily volume of 4,128,369 shares. The stock had previously closed at $1.04.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

GreenPower Motor Price Performance

The business has a 50-day moving average of $1.01 and a 200-day moving average of $2.52. The company has a market capitalization of $2.85 million, a P/E ratio of -0.17 and a beta of 1.85.

GreenPower Motor (NASDAQ:GP) last posted its quarterly earnings data on Tuesday, November 11th. The company reported ($1.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.50) by $0.32. The firm had revenue of $2.49 million for the quarter, compared to the consensus estimate of $8.57 million. Sell-side analysts predict that GreenPower Motor Company Inc. will post -0.71 EPS for the current fiscal year.

Institutional Trading of GreenPower Motor

A hedge fund recently raised its stake in GreenPower Motor stock. Axxcess Wealth Management LLC raised its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned about 3.67% of GreenPower Motor worth $440,000 at the end of the most recent reporting period. 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.