GreenPower Motor Company Inc. (NASDAQ:GP) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its stake in GreenPower Motor Company Inc. (NASDAQ:GP) by 49.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,000 shares of the company’s stock after acquiring an additional 59,589 shares during the quarter. Axxcess Wealth Management LLC’s holdings in GreenPower Motor were worth $355,000 at the end of the most recent reporting period.

GreenPower Motor Price Performance

Shares of GP stock traded up $0.02 during trading hours on Friday, hitting $1.11. 27,289 shares of the company’s stock were exchanged, compared to its average volume of 70,774. The company has a quick ratio of 0.40, a current ratio of 1.86 and a debt-to-equity ratio of 0.26. GreenPower Motor Company Inc. has a fifty-two week low of $0.98 and a fifty-two week high of $4.64. The firm has a market cap of $29.40 million, a P/E ratio of -1.50 and a beta of 3.13. The firm has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.79.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings results on Friday, June 28th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.11). GreenPower Motor had a negative return on equity of 82.62% and a negative net margin of 46.71%. The firm had revenue of $5.09 million for the quarter, compared to analysts’ expectations of $9.00 million. Sell-side analysts forecast that GreenPower Motor Company Inc. will post -0.65 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $3.00 target price on shares of GreenPower Motor in a research note on Tuesday, April 23rd.

GreenPower Motor Profile

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.