Workhorse Group Inc. [NASDAQ: WKHS] closed the trading session at $14.51 on 06/29/20 with gain of over 46%. As company report series of exciting news for investors including WHKS Joins Russell 3000® Index report on June 29, 2020. Workhorse Group Inc company who design and build high performance, battery-electric vehicles including trucks and aircraft said on 23 June that its all electric Delivery Vans successfully passes Federal Motor Vehicle Safety Standards tests. Further company CEO Duane Hughes said in a statement
“With this late-stage milestone certification now behind us, we remain well-positioned to execute on our production timeline for the remainder of the year.”
The day’s price range saw the stock hit a low of $11.00, while the highest price level was $15.41. The stocks have a year to date performance of 377.30 percent and weekly performance of 145.10 percent. The stock has been moved at 350.62 percent over the last six months. The stock has performed 485.08 percent around the most recent 30 days and changed 733.91 percent over the most recent 3-months.
If compared to the average trading volume of 6.62M shares, WKHS reached to a volume of 127410758 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Workhorse Group Inc. [WKHS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WKHS shares is $5.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WKHS stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Workhorse Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 26, 2020. While these analysts kept the previous recommendation, BTIG Research dropped their target price from $6 to $10. The new note on the price target was released on June 19, 2020, representing the official price target for Workhorse Group Inc. stock. Previously, the target price had yet another raise to $4.50, while Dougherty & Company analysts kept a Buy rating on WKHS stock.
The Average True Range (ATR) for Workhorse Group Inc. is set at 1.27, with the Price to Sales ratio for WKHS stock in the period of the last 12 months amounting to 9165.55.
WKHS stock trade performance evaluation
Workhorse Group Inc. [WKHS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 145.10. With this latest performance, WKHS shares gained by 485.08% in over the last four-week period, additionally plugging by 350.62% over the last 6 months – not to mention a rise of 393.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WKHS stock in for the last two-week period is set at 94.59, with the RSI for the last a single of trading hit 96.77, and the three-weeks RSI is set at 92.75 for Workhorse Group Inc. [WKHS]. The present Moving Average for the last 50 days of trading for this stock 3.76, while it was recorded at 9.69 for the last single week of trading, and 3.12 for the last 200 days.
Workhorse Group Inc. [WKHS]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Workhorse Group Inc. [WKHS] shares currently have an operating margin of -6338.12 and a Gross Margin at -1452.17. Workhorse Group Inc.’s Net Margin is presently recorded at -9868.98.
Additionally, WKHS Total Debt to Total Capital is recorded at 250.17, with Total Debt to Total Assets ending up at 114.78.
Reflecting on the efficiency of the workforce at the company, Workhorse Group Inc. [WKHS] managed to generate an average of -$458,800 per employee. Receivables Turnover for the company is 8.43 with a Total Asset Turnover recorded at a value of 0.01.Workhorse Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Earnings per share (EPS) analysis for Workhorse Group Inc. [WKHS] stock
With the latest financial reports released by the company, Workhorse Group Inc. posted -0.61/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -577.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WKHS.
Workhorse Group Inc. [WKHS]: Insider Ownership positions
There are presently around $156 million, or 23.30% of WKHS stock, in the hands of institutional investors. The top three institutional holders of WKHS stocks are: VANGUARD GROUP INC with ownership of 2,658,489, which is approximately 4.701% of the company’s market cap and around 4.50% of the total institutional ownership; AROSA CAPITAL MANAGEMENT LP, holding 2,025,377 shares of the stock with an approximate value of $20.05 million in WKHS stocks shares; and FIRST MANHATTAN CO, currently with $17.38 million in WKHS stock with ownership of nearly 4.93% of the company’s market capitalization.
Positions in Workhorse Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 38 institutional holders increased their position in Workhorse Group Inc. [NASDAQ:WKHS] by around 3,351,827 shares. Additionally, 19 investors decreased positions by around 2,510,910 shares, while 25 investors held positions by with 9,945,292 shares. The mentioned changes placed institutional holdings at 15,808,029 shares, according to the latest SEC report filing. WKHS stock had 13 new institutional investments in for a total of 683,698 shares, while 11 institutional investors sold positions of 790,290 shares during the same period.