Stocks of Workhorse Group Inc (NASDAQ:WKHS) traded higher last session on Wall Street, up 0.10% to $0.21.
WKHS stock price is now -26.09% away from the 50-day moving average and -62.14% away from the 200-day moving average. The market capitalization of the company currently stands at $66.11M.
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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’
A total of 7.87% of the company’s stock is owned by insiders.
During the past 12 months, Workhorse Group Inc has had a low of $0.20 and a high of $1.39. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.76, and a quick ratio of 0.91. The fifty day moving average price for WKHS is $0.2842 and a two-hundred day moving average price translates $0.5548 for the stock.
The latest earnings results from Workhorse Group Inc (NASDAQ: WKHS) was released for Dec, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.09 by -0.1. This compares to -$0.24 EPS in the same period last year. The net profit margin was -946.33% and return on equity was -129.29% for WKHS. The company reported revenue of $4.41 million for the quarter, compared to $3.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.82 percent. For the current quarter, analysts expect WKHS to generate $3.9M 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 commercial vehicles under the Workhorse brand. 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 Sharonville, Ohio.
