GreenPower Motor Company Inc (GP) stock price forecast predicts $6 value

A share price of GreenPower Motor Company Inc [GP] is currently trading at $1.41, down -13.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GP shares have gain 40.13% over the last week, with a monthly amount glided 61.27%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

GreenPower Motor Company Inc [NASDAQ: GP] stock has seen the most recent analyst activity on February 15, 2022, when ROTH Capital upgraded its rating to a Buy but kept the price target unchanged to $13 for it. Previously, ROTH Capital downgraded its rating to Neutral on November 15, 2021, and dropped its price target to $13. On November 02, 2020, Maxim Group initiated with a Buy rating and assigned a price target of $22 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $25 on September 29, 2020.

GreenPower Motor Company Inc experienced fluctuations in its stock price throughout the past year between $0.70 and $3.80. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. GreenPower Motor Company Inc [NASDAQ: GP] shares were valued at $1.41 at the most recent close of the market. An investor can expect a potential return of 325.53% based on the average GP price forecast.

Analyzing the GP fundamentals

Trailing Twelve Months sales for GreenPower Motor Company Inc [NASDAQ:GP] were 24.69M which represents -82.95% decline. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.77%, Pretax Profit Margin comes in at -0.84%, and Net Profit Margin reading is -0.84%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -1.39 and Total Capital is -0.93. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.59.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2433 points at the first support level, and at 1.0717 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7433, and for the 2nd resistance point, it is at 2.0717.

Ratios To Look Out For

To put it in perspective, the Current Ratio for GreenPower Motor Company Inc [NASDAQ:GP] is 1.61. Further, the Quick Ratio stands at 0.13, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 4.36.

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