Workhorse Group Inc. [WKHS] fell -77.96% so far this year. What now?


Workhorse Group Inc. [NASDAQ: WKHS] traded at a low on 12/31/21, posting a -3.96 loss after which it closed the day’ session at $4.36. The company report on December 28, 2021 that Workhorse Announces Annual Stockholders’ Meeting Results.

Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, today announced the results of its annual stockholders’ meeting held earlier today.

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The Company’s stockholders have re-elected the following persons to the Company’s Board of Directors for the ensuing year: Raymond Chess, Richard Dauch, Benjamin Samuels, Gerald Budde, Harry DeMott, Jacqueline Dedo, Pamela Mader and Michael Clark. The Directors have been elected to serve a term expiring at the 2022 annual meeting of stockholders.

The results of the trading session contributed to over 6517803 shares changing hands. Over the past one week, the price volatility of Workhorse Group Inc. stands at 7.44% while the volatility over the past one month is 7.84%.

The market cap for WKHS stock reached $666.95 million, with 123.58 million shares outstanding and 115.79 million shares in the current float. Compared to the average trading volume of 8.16M shares, WKHS reached a trading volume of 6517803 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 $8.92 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 2.60. 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.

DA Davidson have made an estimate for Workhorse Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 11, 2021. The new note on the price target was released on June 04, 2021, representing the official price target for Workhorse Group Inc. stock. Previously, the target price had yet another raise to $20, while B. Riley Securities analysts kept a Buy rating on WKHS stock.

The Average True Range (ATR) for Workhorse Group Inc. is set at 0.38, with the Price to Sales ratio for WKHS stock in the period of the last 12 months amounting to 370.53. The Price to Book ratio for the last quarter was 3.82.

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 -15.83. With this latest performance, WKHS shares dropped by -17.89% in over the last four-week period, additionally sinking by -69.23% over the last 6 months – not to mention a drop of -77.96% 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 33.07, with the RSI for the last a single of trading hit 30.96, and the three-weeks RSI is set at 34.71 for Workhorse Group Inc. [WKHS]. The present Moving Average for the last 50 days of trading for this stock 5.92, while it was recorded at 4.58 for the last single week of trading, and 9.69 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 -2942.95 and a Gross Margin at -838.38. Workhorse Group Inc.’s Net Margin is presently recorded at +5010.81.

Return on Total Capital for WKHS is now -13.27, given the latest momentum, and Return on Invested Capital for the company is 23.39. Return on Equity for this stock inclined to 38.73, with Return on Assets sitting at 20.43. When it comes to the capital structure of this company, Workhorse Group Inc. [WKHS] has a Total Debt to Total Equity ratio set at 50.38. Additionally, WKHS Total Debt to Total Capital is recorded at 33.50, with Total Debt to Total Assets ending up at 31.48. Long-Term Debt to Equity for the company is recorded at 50.02, with the Long-Term Debt to Total Capital now at 33.27.

Reflecting on the efficiency of the workforce at the company, Workhorse Group Inc. [WKHS] managed to generate an average of $536,742 per employee. Receivables Turnover for the company is 2.58 with a Total Asset Turnover recorded at a value of 0.00.Workhorse Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.90.

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Insider trade positions for Workhorse Group Inc. [WKHS]

There are presently around $201 million, or 30.70% of WKHS stock, in the hands of institutional investors. The top three institutional holders of WKHS stocks are: BLACKROCK INC. with ownership of 8,531,348, which is approximately -1.732% of the company’s market cap and around 1.60% of the total institutional ownership; VANGUARD GROUP INC, holding 5,625,796 shares of the stock with an approximate value of $24.53 million in WKHS stocks shares; and INVESCO LTD., currently with $15.77 million in WKHS stock with ownership of nearly 46.812% of the company’s market capitalization.

Positions in Workhorse Group Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 94 institutional holders increased their position in Workhorse Group Inc. [NASDAQ:WKHS] by around 5,761,255 shares. Additionally, 109 investors decreased positions by around 7,678,136 shares, while 70 investors held positions by with 32,673,219 shares. The mentioned changes placed institutional holdings at 46,112,610 shares, according to the latest SEC report filing. WKHS stock had 32 new institutional investments in for a total of 1,377,082 shares, while 37 institutional investors sold positions of 1,852,035 shares during the same period.