Last Updated: 13 Nov 2024
Executive Summary
GreenPower Motor Company Inc. (GP) is a small-cap manufacturer of electric vehicles for the commercial markets of the United States and Canada. The company has been facing challenges in recent quarters, with revenue declining and losses widening. The stock price has fallen significantly over the past year, and is currently trading at $0.9.
Company Overview
GreenPower Motor Company was founded in 2007 and is headquartered in Vancouver, Canada. The company designs, develops, manufactures, and distributes a range of electric vehicles, including buses, vans, and trucks. GreenPower has a manufacturing facility in California and a sales and marketing team in the United States.
Fundamental Analysis
GreenPower's financial performance has been weak in recent quarters. Revenue declined by 0.83% year-over-year in the most recent quarter, and the company reported a net loss of $18.09 million. The company's gross margin has also been declining, and is now negative. GreenPower has a high level of debt, and its cash flow from operations is negative.
Technical Analysis
The technical analysis of GreenPower's stock price shows that the stock is in a downtrend. The 50-day moving average is below the 200-day moving average, and the stock price is below both moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for GreenPower's stock is negative. The company is facing challenges in its business, and the stock price is in a downtrend. The stock price could continue to decline in the short term.
Long Term Outlook
The long-term outlook for GreenPower's stock is uncertain. The company is in a growing market, but it faces competition from larger and more established companies. The company will need to execute well on its business plan and improve its financial performance in order to succeed.
Analyst Recommendations
Analysts are mixed on GreenPower's stock. Two analysts have a buy rating on the stock, while one analyst has a hold rating. The average analyst target price is $2.38.
