GreenPower Motor Company Inc [NASDAQ: GP] gained 35.02% or 0.12 points to close at $0.45 with a heavy trading volume of 75447083 shares.
It opened the trading session at $0.35, the shares rose to $0.6418 and dropped to $0.332, the range by which the price of stock traded the whole day. The daily chart for GP points out that the company has recorded -46.16% loss over the past six months.
If we look at the average trading volume of 90.69K shares, GP reached to a volume of 75447083 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about GreenPower Motor Company Inc [GP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GP shares is $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GP stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for GreenPower Motor Company Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 15, 2022. While these analysts kept the previous recommendation, ROTH Capital dropped their target price from $32 to $13. The new note on the price target was released on November 15, 2021, representing the official price target for GreenPower Motor Company Inc stock. Previously, the target price had yet another raise to $22, while Maxim Group analysts kept a Buy rating on GP stock.
Trading performance analysis for GP stock
GreenPower Motor Company Inc [GP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.32. With this latest performance, GP shares gained by 9.79% in over the last four-week period, additionally sinking by -46.16% over the last 6 months – not to mention a drop of -41.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GP stock in for the last two-week period is set at 59.99, with the RSI for the last a single of trading hit 0.0711, and the three-weeks RSI is set at 0.0497 for GreenPower Motor Company Inc [GP]. The present Moving Average for the last 50 days of trading for this stock 0.4077, while it was recorded at 0.3558 for the last single week of trading, and 0.6420 for the last 200 days.
GreenPower Motor Company Inc [GP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and GreenPower Motor Company Inc [GP] shares currently have an operating margin of -90.29% and a Gross Margin at 2.69%. GreenPower Motor Company Inc’s Net Margin is presently recorded at -94.04%.
GreenPower Motor Company Inc (GP) Capital Structure & Debt Analysis
According to recent financial data for GreenPower Motor Company Inc. ( GP), the Return on Equity (ROE) stands at -374.74%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -46.50%, reflecting the company’s efficiency in generating profits from its assets. Additionally, GreenPower Motor Company Inc’s Return on Invested Capital (ROIC) is -275.34%, showcasing its effectiveness in deploying capital for earnings.
GreenPower Motor Company Inc (GP) Efficiency & Liquidity Metrics
GreenPower Motor Company Inc (GP) Efficiency & Liquidity Metrics
An analysis of Institutional ownership at GreenPower Motor Company Inc [GP]
There are presently around $4.22%, or 5.53% of GP stock, in the hands of institutional investors. The top three institutional holders of GP stocks are: AXXCESS WEALTH MANAGEMENT, LLC with ownership of 0.18 million shares, which is approximately 0.7203%. COMMONWEALTH EQUITY SERVICES, LLC, holding 50123.0 shares of the stock with an approximate value of $$52000.0 in GP stocks shares; and COMMONWEALTH EQUITY SERVICES, LLC, currently with $$29130.0 in GP stock with ownership which is approximately 0.1121%.
