Published on 18 Apr 2023 on Simply Wall St. via Yahoo Finance
Those holding GreenPower Motor Company Inc. (CVE:GPV) shares would be relieved that the share price has rebounded 28% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. But the last month did very little to improve the 57% share price decline over the last year.
Following the firm bounce in price, you could be forgiven for thinking GreenPower Motor is a stock not worth researching with a price-to-sales ratios (or "P/S") of 2.5x, considering almost half the companies in Canada's Machinery industry have P/S ratios below 1.3x. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
View our latest analysis for GreenPower Motor