Market Analysts see Workhorse Group Inc. [WKHS] gaining to $23. Time to buy?

Workhorse Group Inc. [NASDAQ: WKHS] traded at a high on 09/28/20, posting a 13.38 gain after which it closed the day’ session at $28.13.

The results of the trading session contributed to over 40755751 shares changing hands. Over the past one week, the price volatility of Workhorse Group Inc. stands at 15.21% while the volatility over the past one month is 13.56%.

The market cap for WKHS stock reached $2.64 billion, with 105.14 million shares outstanding and 95.97 million shares in the current float. Compared to the average trading volume of 30.81M shares, WKHS reached a trading volume of 40755751 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $25.50 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 1.80. 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.

Oppenheimer have made an estimate for Workhorse Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 03, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price from $12 to $27. The new note on the price target was released on July 13, 2020, representing the official price target for Workhorse Group Inc. stock. On July 01, 2020, analysts increased their price target for WKHS shares from 10 to 26.

The Average True Range (ATR) for Workhorse Group Inc. is set at 2.85, with the Price to Sales ratio for WKHS stock in the period of the last 12 months amounting to 13190.16.

How has WKHS stock performed recently?

Workhorse Group Inc. [WKHS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.05. With this latest performance, WKHS shares gained by 67.89% in over the last four-week period, additionally plugging by 1516.67% over the last 6 months – not to mention a rise of 694.63% 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 61.46, with the RSI for the last a single of trading hit 61.68, and the three-weeks RSI is set at 62.09 for Workhorse Group Inc. [WKHS]. The present Moving Average for the last 50 days of trading for this stock 19.31, while it was recorded at 24.89 for the last single week of trading, and 8.07 for the last 200 days.

Workhorse Group Inc. [WKHS]: Deeper insight into the 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 0.30 and a Current Ratio set at 0.30.

Earnings analysis for Workhorse Group Inc. [WKHS]

With the latest financial reports released by the company, Workhorse Group Inc. posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -70.00%. 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.

Insider trade positions for Workhorse Group Inc. [WKHS]

There are presently around $633 million, or 22.70% of WKHS stock, in the hands of institutional investors. The top three institutional holders of WKHS stocks are: BLACKROCK INC. with ownership of 4,212,103, which is approximately 265.556% of the company’s market cap and around 4.10% of the total institutional ownership; VANGUARD GROUP INC, holding 2,604,892 shares of the stock with an approximate value of $73.28 million in WKHS stocks shares; and STATE STREET CORP, currently with $47.24 million in WKHS stock with ownership of nearly 146.106% of the company’s market capitalization.

Positions in Workhorse Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 104 institutional holders increased their position in Workhorse Group Inc. [NASDAQ:WKHS] by around 11,824,310 shares. Additionally, 34 investors decreased positions by around 5,110,450 shares, while 10 investors held positions by with 5,578,629 shares. The mentioned changes placed institutional holdings at 22,513,389 shares, according to the latest SEC report filing. WKHS stock had 77 new institutional investments in for a total of 4,807,377 shares, while 17 institutional investors sold positions of 3,590,610 shares during the same period.

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