The stock of Workhorse Group Inc. (NASDAQ:WKHS) last traded at $2.17, down -3.56% from the previous session.
Data from the available sources indicates that Workhorse Group Inc. (NASDAQ:WKHS) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $2.50, we find $4.75. Given the previous closing price of $2.25, this indicates a potential upside of 111.11 percent. WKHS stock price is now -18.40% away from the 50-day moving average and -31.77% away from the 200-day moving average. The market capitalization of the company currently stands at $363.45M.
In total, 4 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $4.67 as their price target over the next twelve months.
With the price target reduced from $7 to $3.50, ROTH Capital Downgraded its rating from Buy to Neutral for Workhorse Group Inc. (NASDAQ: WKHS). On March 03, 2022, R. F. Lafferty Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $4 to quote $6, while ‘ROTH Capital’ rates the stock as ‘Buy’.
In other news, DeMott Harry, Director sold 27,871 shares of the company’s stock on Nov 18. The stock was sold for $67,754 at an average price of $2.43. Upon completion of the transaction, the Director now directly owns 33,003 shares in the company, valued at $71616.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director Mader Pamela S. bought 12,600 shares of the business’s stock. A total of $40,050 was incurred on buying the stock at an average price of $3.18. This leaves the insider owning 53,508 shares of the company worth $0.12 million. Insiders disposed of 68,075 shares of company stock worth roughly $0.15 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WKHS stock. A new stake in Workhorse Group Inc. shares was purchased by JUMP FINANCIAL, LLC during the first quarter worth $313,000. SCHONFELD STRATEGIC ADVISORS LLC invested $183,000 in shares of WKHS during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Workhorse Group Inc. valued at approximately $120,000. AQUATIC CAPITAL MANAGEMENT LLC acquired a new stake in WKHS for approximately $117,000. ENSIGN PEAK ADVISORS, INC purchased a new stake in WKHS valued at around $98,000 in the second quarter. In total, there are 276 active investors with 33.90% ownership of the company’s stock.
With an opening price of $2.2600 on Wednesday morning, Workhorse Group Inc. (NASDAQ: WKHS) set off the trading day. During the past 12 months, Workhorse Group Inc. has had a low of $2.11 and a high of $6.29. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.70, and a quick ratio of 2.50. The fifty day moving average price for WKHS is $2.6384 and a two-hundred day moving average price translates $3.1749 for the stock.
The latest earnings results from Workhorse Group Inc. (NASDAQ: WKHS) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$0.13, missing analysts’ expectations of -$0.12 by -0.01. This compares to -$0.63 EPS in the same period last year. The company reported revenue of $1.55 million for the quarter, compared to -$0.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -368.46 percent. For the current quarter, analysts expect WKHS to generate $2.56M in revenue.
Workhorse Group Inc.(WKHS) Company Profile
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.